The AI boom is accelerating:
US tech companies are committing to spend a combined $569 billion on data center leases over the next several years.
A lease is a long-term rental agreement, meaning these companies commit to multi-year payments for data centers, offices, or warehouses, without owning them upfront.
This represents a +$197 billion, or a +53% increase from Q2 2025.
Oracle, $ORCL, alone added +$148 billion in new lease commitments in Q3, bringing its total data center lease obligations to $248 billion.
Some of these leases can last up to 19 years, locking Oracle into massive fixed cos

Printers Goes Brrrrrr

MARKET: Monthly Exchange Flow exploded to $10.9B.
The highest level since May 2021.

🗞️ NORTH KOREAN HACKERS HAVE STOLEN $2 BILLION IN CRYPTO THIS YEAR

KLARNA PARTNERS WITH COINBASE TO RAISE INSTITUTIONAL FUNDING IN $USDC 🗞️

🇯🇵JAPAN’S INFLATION NOW HIGHER THAN THE U.S.
Japan’s inflation rate has surpassed United States inflation for the FIRST TIME since 1979.

BREAKING: Foreign holdings of US Treasuries fell -$5.8 billion in October, to $9.2 trillion, but remain at the 2nd-highest level on record.
China’s holdings, the 3rd-largest holder, declined -$11.8 billion, to $688.7 billion, the lowest since 2008.
However, Belgium’s stockpile, which includes Chinese custodial accounts, rose +$1.6 billion, to a record $468.4 billion.
Japan, the largest foreign holder of Treasuries, posted a +$10.7 billion increase, to $1.2 trillion, the highest since July 2022.
The UK, the 2nd-biggest owner, saw a +$13.2 billion surge, to $877.9 billion, the 3rd-highest on rec

HUGE: ~350K $BTC was sold at a loss. HUGE: ~350K $BTC was sold at a loss.

📊 Total transaction volume is up 43% in Brazil, with an average crypto user holding over $1,000 in crypto. This indicates a huge shift from speculation to structured investing.
18% of investors allocated funds across more than one crypto asset — $BTC remained the most traded asset. $ETH & $SOL were also among the top traded assets.
Interesting factors and stats:
🔹 Lower-risk crypto products gained momentum in 2025, with 108% growth.
🔹 Demographics have shifted — 56% increase year over year among investors aged 24 and under.
🔹 Itaú Asset Management has recommended that investors alloc

🚨 MARKET: The total USDC Supply lost 1.2B coins in the past 7 days.

SELL BITCOIN FOR GOLD? NOT SO FAST - MATTHEW KRATTER SAYS BTC WINS LONG TERM
Analyst Matthew Kratter argues Bitcoin will outperform gold over time due to fixed scarcity, portability, and digital-native design.
Gold’s supply grows every year, is costly to move, and can’t function in an online economy.
Gold also struggles in a digital world:
- Expensive and difficult to transport
- Nearly impossible to move at scale across borders
- Cannot be sent over the internet
Tokenized gold adds counterparty risk, while $BTC represents the next evolution of money in a digital world.

🚨 LIQUIDITY IS BACK FOR THE FIRST TIME SINCE 2020
The Federal Reserve is injecting liquidity. In the past, this has often pushed markets into risk-on mode, with stocks, crypto, and other risk assets benefiting.

UPDATE 🚨 THE LAST 5 TIMES BITCOIN RSI HIT THIS LOW LEVEL, BTC SURGED 100%!
$180,000 IS ON THE HORIZON!

2025 TOKEN LAUNCHES ARE IN THE RED
As per Memento Research, nearly 85% of tokens launched in 2025 are worth less than at launch. Most of these tokens are down over 70%, and only 15% are trading above their TGE price.

JUST IN: SUPREME COURT COULD DEEM TRUMP TARIFFS ILLEGAL - MARKETS & CRYPTO ON WATCH
Polymarket now puts a 71% chance that the U.S. Supreme Court rules President Trump’s tariffs illegal.
Markets still remember the dip last October after Trump announced new tariffs on China.
If the Supreme Court strikes them down, could this trigger a relief rally across risk assets, $BTC, and crypto?

STEVE COHEN TAKES A BIG STAKE IN MICROSTRATEGY
Steve Cohen's Point72 Asset Management purchased 390,665 shares of MicroStrategy ($MSTR) for approximately $65 million.
Big investors are buying the $BTC dip, setting the stage for the next rally.

$BTC IS JUST GETTING STARTED ; THE INTERNET WAS HERE IN 1999
Bitcoin is at ~4.7% global adoption about where the internet was in 1999.
The adoption curve looks strikingly similar to the internet’s early days, before it became a global standard.
With ETF floodgates opening, governments recognizing digital assets, and more businesses accepting crypto , Bitcoin and blockchain appear to be on a similar growth and integration path the internet followed decades ago.
Time will tell. Conviction beats timing.

BUSINESS CYCLE SAYS THE BIG BITCOIN BULL RUN HASN’T STARTED YET
$BTC biggest rallies don’t happen just because of halvings. They happen when the broader economy moves into the right part of the business cycle and that doesn’t follow a perfect 4-year schedule.
Historically, this is the phase where patience matters most. Once momentum returns, it tends to come fast.
Chart: sminston_with

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