๐ Global & Macro: No major macroeconomic headlines this hour; market attention remains on crypto derivatives expansion and capital flows.
๐ฆ RWA & Institutional: Bitget has listed perpetual contracts for five equities, including Kia and LG New Energy, deepening the convergence between traditional equities and crypto derivatives. SkyAI announced a $201M tender offer while rejecting Forward Industries’ acquisition bid, signaling active M&A and capital restructuring in the AI sector.
โก Crypto & Markets: Deribit recorded over $1B in net outflows over the past seven days, while Binance’s BTC wallet balance declined 1.78%, pointing to liquidity migration and potential deleveraging across major venues.
๐ก Key Takeaway: Crypto exchanges are aggressively bridging into equity-linked products as large-scale capital rotates out of derivatives platformsโwatch for continued volatility in BTC and altcoin liquidity.