Devices Receiving the Biggest Discounts

The most strategic month of the year kicks off at Ledger with a Black Friday campaign focused on enhancing user security by making a complete setup accessible. The operation is already underway and extends until December 21st. A month to equip beginners and active investors with the brand’s best products at reduced prices.

The Nano X takes the spotlight in the campaign by dropping to half price. Normally sold for 149 euros, it becomes the perfect product for taking the leap or serving as a backup. The Ledger Flex stands out as the most attractive option for daily use, including $70 in Bitcoin throughout the Black Friday period. The Ledger Stax remains a premium choice, receiving $80 in Bitcoin with the magnetic case included. The Nano S Plus remains the entry-level choice, with the Matte Black version receiving a $10 Bitcoin bonus.

The New Nano Gen5 Receives $10 in BTC and Maintains Its New Role

The Nano Gen5, recently launched, receives a $10 BTC bonus with any purchase. It becomes the expected standard for daily use with better signature comfort and seamless integration with the Ledger Wallet application.

Services and Accessories Benefit from Black Friday

Ledger Recover offers a physical card with $10 in Bitcoin for any activation with an eligible device. All accessories, from Cryptotag Zeus to protective cases, are discounted by 10%.

An Offer Designed to Tangibly Improve Security

The Black Friday campaign by Ledger goes beyond price reductions. It encourages a practice adopted by most experienced users – a primary device used daily paired with a backup device that never leaves the safe or home. This approach significantly reduces the risk of fund loss due to theft, damage, or mishandling.

The Flex, Stax, and Nano Gen5 cater to the need for a reliable device for regular transactions. The Nano X and Nano S Plus secure the recovery phrase in case of incidents. The Bitcoin bonuses enhance the attractiveness of the basket without detracting from the product’s essential function: securing access to assets in an environment where phishing attacks are increasingly sophisticated.

The Ledger Black Friday campaign offers various levels of equipment tailored to users’ real needs. The significant discounts and Bitcoin bonuses allow users to build a complete setup at a reduced cost for a limited time. An opportune moment to establish a comprehensive security ecosystem before the new year.

The article Enhancing Security: Ledger’s Black Friday Deals and Bitcoin Bonuses appeared first on Coin Academy.

The European economy is facing challenges as its model remains dependent on a shifting global trade system, with stagnant exports and the German industry falling back to 2005 levels, according to reports.

Despite this, internal demand is holding up better than expected due to stable interest rates at 2%, with an increasing GDP and a notable French performance in the third quarter of 2025.

Internal market hurdles in Europe, equivalent to 100% tariffs on services and 65% on goods, are hindering innovation and exacerbating years of inaction, as highlighted by Christine Lagarde.

The Sluggish European Industry

Countries with a strong industrial base are feeling the impact more severely, with Germany, a long-time manufacturing stronghold in Europe, reverting to production levels close to 2005. Sectors such as automotive, engineering, and mechanics are faltering, indicating a deep, structural crisis.

In a more tempered assessment, Joachim Nagel from the Bundesbank suggested that the European standard of living hasn’t dropped as much as perceived, hinting that Europe has room for improvement but is not out of the game yet.

Resilient Signals from the Domestic Economy

Nevertheless, the eurozone displays latent strengths that the ECB aims to fully leverage. The 2025 growth surprises on the upside, with GDP growing twice as fast as expected in the third quarter. France even achieves its best performance since 2023. After eight successive cuts, interest rates are stabilized at 2%, creating a lighter monetary environment that supports domestic demand better amidst global turbulence.

Internal Barriers Suffocating Growth

Lagarde focuses on a widely underestimated issue: the European internal market still operates as a patchwork of national micro-regulations. These obstacles, according to an upcoming ECB analysis, equate to a 100% tariff on services and 65% on goods. As the EU aims to compete with American and Asian blocs, these internal blockages impede innovation, competition, and upgrading. An immobile Europe is a Europe left behind.

Christine Lagarde Stresses the Urgency to Act

For the ECB President, the past decade represents a strategic wastage. Administrative hurdles, never-ending compromises, and political reluctance have left the continent in a gray area: no spectacular crisis, but a slow erosion. Every global shock – commercial, technological, geopolitical – nudges Europe a step lower. Individually, these setbacks may appear minor, but collectively, they weigh heavily on productivity, investment, and industrial ambition.

Six Years Lost, Six Years to Catch Up

Lagarde warns that repeating this cycle of inaction would be more than a mistake – it would be a political fault. Europe must strengthen its internal market, capitalize on the positive signals from its domestic economy, and modernize a vulnerable model. In a reshaping world, the Union no longer has the luxury of waiting.

The article The European Trade Dilemma: Navigating Growth Struggles appeared first on Coin Academy.

Individual investors are selling their crypto ETFs while simultaneously injecting nearly $96 billion into stock ETFs, confirming a sectoral rotation rather than a risk-off scenario.

The correlation between crypto and stocks remains strong, and the current correction appears to be a tactical rebalancing by retail rather than a deep macro shift.

JPMorgan points the finger at the culprit of the moment. The massive outflows from Bitcoin and Ethereum ETFs pushed by individual investors explain most of the ongoing correction in the crypto market. In just November alone, nearly $4 billion left these investment vehicles. This negative flow is of rare magnitude, already surpassing the previous record in February.

The timing doesn’t help. The drop of Bitcoin below the $94,000 threshold, considered by JPMorgan as a key level related to production costs, increased the pressure. The breach of this level triggered a wave of sales unrelated to the native crypto traders’ capitulation seen in October. This time, the sell-off comes from elsewhere.

Retail Investors in ‘Sell’ Mode, But Only in Crypto?

The group’s analysts, led by Nikolaos Panigirtzoglou, explain that the dynamic is not a general movement towards caution. Quite the contrary. While individual investors liquidate their crypto ETFs, they are simultaneously injecting nearly $96 billion into stock ETFs.

This contrast is striking. If the pace continues, November will show over $160 billion in net inflows into stock ETFs, a level equivalent to that of September and October. Individuals are buying risk, but not in crypto. They clearly separate their allocations, as if they were two different universes despite their common volatile profile.

This sectoral rupture has only appeared three times this year: February, March, and now November. Each time, the pattern remains the same. Targeted decline in Bitcoin and Ethereum ETFs, simultaneous surge in stock ETFs. A behavior that confirms that the current sell-off should not be interpreted as a general disengagement from risky assets.

A Persistent Correlation Between Stocks and Crypto

Despite this tactical divergence, the underlying link between crypto and stock markets has not collapsed. JPMorgan points out that the correlation remains strong, especially with small-cap tech stocks. The tech-heavy Russell 2000 continues to move in sync with Bitcoin.

Even the most speculative segments of the stock market send a similar message. The frantic buying of call options by small investors, a key indicator of risk appetite, has calmed down in recent weeks. However, nothing dramatic. This pause is just erasing the previous month’s excessive optimism without questioning the upward trend initiated since 2023.

An Isolated Crypto Correction, Not a Macro Turning Point?

The message from JPMorgan is clear. The historic outflows from crypto ETFs should not be mistaken for a general flight to safety. Retail investors remain heavily exposed to stocks, confirming that the pressure on Bitcoin and Ethereum is more of a tactical rebalancing than a regime change.

In other words: according to JPMorgan analysts, the crypto market is going through a rough patch, but the risk-taking machine is still running full throttle on the stock side.

The article JPMorgan Analysis of Crypto Investor Behavior appeared first on Coin Academy.

Bitcoin erases its annual gains

Bitcoin once again lost ground, flirting with $82,000 and plunging the entire market into a turmoil that many had not experienced since the end of 2022. The mechanism is brutal: liquidation after liquidation, domino effect on altcoins, capitulation of retail traders, and a rapidly spreading sense of panic. For a less experienced reader, a simple marker suffices: in just a few hours, nearly $2 billion of forced positions were wiped out. It’s a massive clean-up particularly impacting leveraged traders.

Altcoins endure the shock

Ethereum falls below $2,700 with a weekly loss of over 14%. Solana retreats by more than 12% in a day. XRP, BNB, and DOGE experience declines ranging from 12 to 15%. From the November highs, large caps erase between 20 and 35% of their value. The small caps, meanwhile, are being decimated. Volatility moves downwards and no sustainable recovery zone emerges.

Massive liquidations and forced positions

Nearly 396,000 traders were liquidated within 24 hours. Just on Bitcoin: $1 billion. On Ethereum: over $400 million. Altcoins complete the bloodbath. The largest liquidated order reaches $36.7 million on Hyperliquid. This level of activity underscores that the market largely relies on leveraged positions, highly sensitive to the slightest fluctuation.

The macro weighs heavily on the market

Global stocks declining

Traditional markets are not acting as a buffer. Global stocks see their worst week in seven months, with the MSCI All Country World Index dropping by over 3%. US tech remains under pressure as AI-related valuations start to cause concern. Investors retreat to Treasuries, a classic signal of a flight to safety.

Capital flight and bleak sentiment

American Bitcoin ETFs experience over $900 million in net outflows in a single day, their second worst session since 2024. Perp open interest drops by 35% from the October peak, a direct consequence of a market losing its liquidity. The Crypto Fear and Greed Index plummets to 11, a level of ‘extreme fear’ rarely seen since the end of 2022.

A market still seeking its bottom

The current levels have historically served as an entry zone for patient investors. However, the combination of massive liquidations, institutional outflows, and technical breakdowns argues for a market still in flux. Retail capitulation is not always a bottom signal, but it marks a key stage in forming cycle lows. The timing, however, remains uncertain.

The article Bitcoin Market Turmoil: Liquidation Effects and Investor Sentiment appeared first on Coin Academy.

Pressure Mounts on Crypto Treasury Companies

The pressure is mounting for crypto treasury companies. FG Nexus has just liquidated a massive portion of its ether reserves to repurchase its own shares. This move signals a strong stance in a market where several Digital Asset Treasuries (DATs) are trading well below the real value of their assets. When a share is worth less than the cryptocurrency it represents, something is amiss. And FG Nexus has decided to take action.

A Targeted Liquidation to Stay Afloat

The company has sold 10,922 ETH, approximately 33 million dollars at the current rate. To complete the operation, FG Nexus added a borrowed 10 million. The goal: to repurchase 3.4 million shares at an average price of 3.45 dollars, far below the net value of 3.94 dollars per share.

In essence, the management is buying back its own capital at a discounted price. A common maneuver in traditional markets, but it takes on a unique dimension in the crypto ecosystem, where treasury tokenization creates direct exposure to market fluctuations.

The Crypto Markets Already Struggling

The announcement may not have shaken prices, but ETH and BTC continue to struggle. Ethereum dropped nearly 2% before stabilizing. Bitcoin also experienced a slight decline. Even though FG Nexus is not as large as Stratgey, traders quickly grasped the message: if DATs start selling their assets en masse, selling pressure could turn into a trend.

This is likely just the beginning. The sector is facing a turbulence zone similar to what miners experienced in times of stress. Declining liquidity, investors stepping back, dwindling valuations. The result: companies forced to sell what they are meant to hold.

Is the DAT Model Already Cracking?

FG Nexus is not alone. ETHZilla, another ETH-focused treasury, sold 40 million dollars’ worth of tokens last month to finance its own buyback program. The problem is systemic: many DATs are currently valued 50 to 98% below the value of their crypto assets.

This gap presents an opportunity but also a risk. An opportunity because repurchasing shares below NAV mechanically increases the value per share. A risk because the company must liquidate its reserves, which are the primary draw for investors.

How Far Can These Buybacks Go?

FG Nexus claims to want to continue buying back shares at low prices as long as the market allows. The management speaks of an asymptotic effect on the share valuation, with each repurchase increasing the weight of the NAV per share. On paper, the logic holds. In practice, it’s a gamble: that aggressive restructuring will restore confidence before the ether reserves dwindle too much.

For now, FG Nexus still holds around 40,000 ETH, as well as 37 million in cash and USDC. Enough to hold on. But in a sector where volatility reigns, maneuvering room can shrink rapidly.

A Race Against Time

FGNX gained 2% at the opening but remains 95% below its peak last summer. Share buybacks can stem the bleeding but not reverse an entire market. The battle will be fought on speed: how long can DATs burn through their assets to defend their valuation without losing their reason for existence?

The article Crypto Treasury Pressures Mount as FG Nexus Takes Bold Actions appeared first on Coin Academy.

Unpredictable Job Figures

The numbers arrive late, but the signal is brutal. The United States created 119,000 jobs in September, more than double the predictions, even as the unemployment rate climbs to 4.4 percent, its highest level in four years. A market that speeds up and falters at the same time is exactly the kind of mix that shakes Wall Street and complicates the task of the Federal Reserve ahead of its December decision.

The publication, delayed by six weeks due to the historic government shutdown, lands as the first true economic barometer in months. Immediate result: a country reviving in terms of hiring but a labor market simultaneously sending a cooling signal. For investors, the equation is now more opaque than ever.

A Divisive Report for the Fed

Job creation totally defies economists’ expectations, who were banking on fifty thousand new jobs. The contrast is even more striking compared to August, revised downward to a loss of four thousand jobs. Nevertheless, the rise in unemployment is enough to reignite the debate among Fed members.

Hawks versus Doves

The most cautious members will find in these robust hirings an argument to maintain rates. Those concerned about labor market fatigue will point to the rising unemployment rate. A scenario tailor-made to rekindle internal tensions at the FOMC, especially since the Fed has already lowered rates twice this year.

Markets no longer truly believe in a third easing in December. Futures pricing almost integrated zero probability of a decrease before the publication, and these figures do not change the outlook. Investors seek certainty, but they only receive a puzzle.

Immediate Impact on Markets

Immediately after the publication, bond yields slightly retreat, the dollar slips, and equity index futures contracts accelerate. The Nasdaq continues to benefit from the momentum created by Nvidia’s results, while the S&P 500 opens in the green. On the crypto side, Bitcoin remains around $9,100, slightly up, bolstered by the more relaxed market mood.

This cautious reaction reflects a simple realization: nobody knows yet how the Fed will interpret these data. The central bank views unemployment as one of the most reliable economic tension indicators. A movement of a tenth can sometimes completely redirect an entire monetary policy.

Continuously Reduced Visibility

The shutdown has left a gaping hole in statistical collection. No October report will be published, and fresh data will only arrive mid-December, just before the critical Fed meeting. In other words, monetary policymakers will have to make decisions with a partial view of reality. A situation that increases the risks of error, both for the Fed and the markets.

This September report thus becomes more than just a statistic. It is the only beacon still shining in a persistent economic fog, and its light is far from stable.

The article Unpredictable Job Figures: Impact on Fed and Markets appeared first on Coin Academy.

BlackRock registers its Ethereum ETF with Staking

The registration is not yet a formal petition to the SEC. It’s not a filing under the Securities Act of 1933, but a preparatory step that sends a clear message: BlackRock aims to seize the market for staked ETH, one of the most anticipated segments by institutional investors since the surge in Ethereum’s native yield.

A Strategic First Step in the Staking Battle

Behind this move lies a relentless logic. The first ETH Spot ETFs, launched in 2024, were stripped of staking functionality under SEC pressure. The result: a product institutionalized indeed, but deprived of what makes Ethereum post-Merge stand out: an attractive on-chain yield.

The question now is simple: who will be the first to get the green light for a yield-bearing ETH ETF?

VanEck Already in the Race, BlackRock Speeds Up

BlackRock is not acting alone. It joins a list of contenders already hard at work: VanEck set the pace weeks ago with a trust linked to Lido’s staked ETH. Competitive pressure rises. Issuers know that the first to offer a product allowing access to staking returns via an ETF will capture a massive share of institutional flows.

BlackRock‘s move signals that the battle won’t take place in a distant future: players are positioning themselves now, awaiting SEC clarification on the line between “staking-as-a-service” and regulated financial product.

And as the months pass, the market grows increasingly impatient.

A Market Awaiting the Next Impulse

For US institutions, a staking ETH ETF would be a gentle revolution: access to yield, no technical management, secure custody, full compliance. The kind of product capable of triggering a new wave of adoption among traditional funds.

The timing of BlackRock is not coincidental. Between ever-changing regulation and a crypto market seeking a new catalyst, the announcement injects a sense of narrative tension around Ethereum. Investors are aware: every regulatory advancement is scrutinized as a potential source of fresh liquidity.

Toward a New Era for Crypto ETFs?

The message is clear: after Bitcoin and ETH spot ETFs, the next key step will focus on yield. An ETH staked ETF would likely be the most innovative product ever approved in the American ecosystem. And if the titan BlackRock makes its move, it signifies a game-changer.

The article BlackRock Joins Ethereum ETF Staking Race appeared first on Coin Academy.

The bond market, which lives and breathes through rate expectations, has urgently recalibrated. The mechanics are simple: fewer chances of a rate cut, more pressure on the cost of money, more stress for assets sensitive to liquidity. In an environment where every macro data point influences trillions of dollars, a single grain of sand is enough to halt the machine.

The data blackout disorienting the Fed

The situation further complicates with the absence of a key indicator: the employment report. The Labor Department confirmed it would not release the October figures. Reason: the endless shutdown that paralyzed Washington. For the Fed, it’s a statistical black hole at the worst moment.

Without fresh data on job creation, wages, and labor market dynamics, it’s impossible to calibrate a monetary decision. Result: FOMC members are moving blindly. And when the most influential central bank in the world lacks visibility, the entire financial system tenses up.

Furthermore, this chaos is compounded by another equally problematic factor.

Internal divisions further blurring the signal

The minutes of the October meeting confirm deep divisions within the committee. Some members advocate maintaining the status quo, while others want to preemptively cut rates to avoid a too severe slowdown. The only certainty is the lack of consensus.

This lack of unity complicates everything for the markets. Investors have lost a clear compass. Algorithms, on the other hand, interpret this cacophony as an implicit tightening. The immediate consequence: increased volatility, sudden downturns, rapid adjustments of leveraged positions.

Immediate impact on Bitcoin and tense end of the year

In this macro fog, Bitcoin maintains a slight lead trading around $91,700. A modest rise, but a welcome relief after several days of violent corrections.

The remaining weeks of the year promise to be electric. Between data blackout, internal disagreements, and increasing volatility, the Fed is playing its final card of 2025 in an explosive context. The markets, on their part, will have to navigate without certainty, with one fixed point: the final decision will remain entirely dependent on information that the central bank does not yet possess.

And it is precisely this lack of visibility that makes the situation as dangerous as it is captivating for the crypto ecosystem.

The article Fed Uncertainty Sparks Market Nervousness and Crypto Intrigue appeared first on Coin Academy.

The Quarter that Sets the Record Straight

Nvidia announces $57.01 billion in revenue for the third quarter, a 62% year-on-year increase. An acceleration that underscores the pivotal role of AI infrastructure in the global tech sector. Analysts expected a good quarter. They got a powerhouse instead.

Blackwell sales exceed all forecasts, and cloud GPUs are out of stock. The demand for computing continues to accelerate and multiply in the training and inference domains, each experiencing exponential growth.

The market hears the message. Investors finally breathe a sigh of relief.

The Guidance that Restores Confidence

Nvidia forecasts between $63.7 to $66.3 billion for the fourth quarter, well above the anticipated $62 billion. Such projections matter most in a jittery market. Investors seek a simple assurance. AI continues. Budgets continue. Nvidia continues.

NVDA shares surge by 4% after hours, proving that the market was desperately seeking a stability signal.

The Core of Business Booms Again

The data center segment, the driving force, reaches $51.2 billion. Forecasts were at $49.34 billion. Every major AI model, every training pipeline, every hyperscale cloud increases pressure on the GPU infrastructure. Nvidia remains the gateway to the entire ecosystem. There is no credible short-term alternative.

And when Nvidia breathes, crypto aligns instantly.

Bitcoin Rebounds and AI Tokens Ignite

Bitcoin surpasses $90,000 again after flirting with $88,000 earlier in the day. The market sought a catalyst. It found one. Nvidia confirms that the AI wave is far from over. As a direct consequence, AI narratives in crypto also gain momentum.

AI Tokens Align with the Megatrend

TAO, NEAR, ICP, and RNDR rise by 4 to 5 percent immediately after the announcement. Trading algorithms react swiftly. Human investors even more so. The Nvidia AI tokens correlation strengthens, indicating that the market now views these assets as a speculative extension of AI infrastructure.

AI-focused miners also bounce back. IREN climbs 8%. Cipher Mining by 11%. Hut 8 by 6%. Their exposure to GPU infrastructure revitalizes them after weeks of sharp corrections.

One thing is clear. In a tech market full of uncertainties, Nvidia remains the stabilizing factor for everything else. Including crypto.

The article Nvidia Triumphs in Q3 with Record Revenue appeared first on Coin Academy.

Analysts are expecting revenues of 55.5 billion this quarter and 62 billion next quarter, a spectacular growth that must now be delivered without any errors to avoid a sharp correction.

Between geopolitical tensions, sector dependence on a single actor, and colossal investments in AI data centers, Nvidia’s results have become a major test for the global technological narrative.

Les attentes brûlantes de Wall Street autour d’Nvidia

The moment of truth approaches for Nvidia, and Wall Street is holding its breath. The slightest word from Jensen Huang could trigger a stock market earthquake of several hundred billion dollars. Options are already anticipating an average movement of 6.4% at the opening, which is nearly 280 billion dollars that can disappear or appear in a single session. A volatility befitting the company that became the first giant to surpass a market value of 5 trillion dollars before being caught up in the prevailing nervousness surrounding artificial intelligence.

The recent decline of the stock, about 11% since the end of October, comes in a climate where the idea of a growth ceiling for AI is gaining traction. The Nasdaq has lost over 4% in the past five days. Meta is down 19% in a month. Oracle is down 20%. A clear signal. Investors are beginning to doubt the speed at which AI can continue to justify the massive investments made.

Des chiffres qui doivent rassurer

For this quarter, analysts are targeting close to 55.5 billion dollars in revenue, above Nvidia’s own guidance in August. For the next quarter, the market is expecting around 62 billion, an annual growth rate close to 60%. A spectacular growth, but one that must now be delivered flawlessly.

Nvidia has made a habit of surpassing expectations. Each quarter has strengthened the belief that the company dominates the generative AI era thanks to its GPUs, the true building blocks of the model economy. In October, Jensen Huang even announced that the company had secured 500 billion in revenue over five quarters. An announcement that briefly propelled the stock to its highs.

Une nervosité qui s’amplifie

Traders know it. If Nvidia disappoints, even slightly, the correction could be brutal. Investors have increased their exposure to AI throughout the year, to the point where each Nvidia release turns into a referendum on the entire tech sector. Funds, algorithms, and individuals react in a chain. The market fears a too rapid surge, too dependent on a single actor, with a giant valuation.

Un contexte géopolitique et industriel complexe

Nvidia’s global ambition faces a minefield. US restrictions on chip exports to China limit a key part of its market. Beijing, on the other hand, is accelerating the development of domestic solutions. The sector navigates between political pressures, commercial risks, and hopes for diplomatic easing.

At the same time, Nvidia is signing mega-deals. OpenAI, Microsoft, Anthropic. The sums amount to tens of billions to build the next generation of computing centers capable of powering tomorrow’s AI. However, some analysts point to an ecosystem that almost operates in a closed loop, where suppliers, customers, and investors intersect in circular arrangements sometimes hard to untangle.

Un test pour l’IA tout entière

The verdict this Wednesday goes beyond a simple quarterly report. It strikes at the heart of the AI stock narrative. If Nvidia reassures, the market could regain momentum. If it disappoints, a wave of doubt can spread throughout the entire tech industry. One certainty. The next session will open with one of the largest market capitalization variations in the history of a publicly traded company. The tension is at its peak.

The article Nvidia on Edge: Wall Street’s High Stakes Await appeared first on Coin Academy.