$273M back, $8B gone

the recovery everyone's calling a recovery

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Nobody Priced a July Hike: Oil Did It for Them. Brent touched $100 Thursday, the first time since late May, and the rates complex repriced behind it: July 29 went from under 12% to 38%, September from 53% to 82%, and the 10-year cleared 4.7%. Last week's CPI relief lasted six days. Oil ate it. watch BTC Gainers & Losers Theoriq (THQ) topped the board at +112.79% this week, recovering off its July 2 all-time low on thin volume. Euler (EUL) jumped 92.8% after an Upbit listing caught short sellers offside. DIA rode a sector-wide bid for oracle tokens to +91.92%. Meanwhile on the other side, DeXe (DEXE) fell −92.13%, still unwinding from its $48.89 peak after team-linked wallets sent $6.2 million to Binance on July 21 and rug-pull talk took over. Theoriq THQ $0.023 ▴ 123.15% get THQ Euler EUL $1.82 ▴ 89.87% get EUL DIA DIA $0.16 ▴ 61.20% get DIA Wondering what are the  best & worst performing crypto  on a daily basis? Subscribe to our price alerts here. WHAT SHAPED THE MARKET BitMEX Got Sued the Day It Announced Its Own Funeral The exchange shuts down September 23. On Thursday, BKX Services and David Namdar filed a class action in SDNY saying BitMEX allegedly engineered the forced liquidations that cost them 622.66 BTC, then swept what was left of the collateral into its own insurance fund, roughly $60 million, on the way out the door. we’re still here for you CLARITY Collapsed into Name-Calling Seven Democratic senators rejected the merged draft on July 22. Gallego, one of two Democrats who voted it out of committee, told Politico the version that came back was a "piece of sh*t" and not a serious effort. He's writing a counterproposal with Thom Tillis now. Sixty votes means roughly seven Democrats, and Thune doesn't expect any of it to move before recess. Crypto Ignored an $800 Billion AI Wipeout Worst day for the Magnificent Seven since April 2025, after Alphabet and Tesla spooked investors over AI spending. Alphabet raised 2026 capex guidance to $195–205 billion from $180–190 billion. Bitcoin fell less than 1%. It’s traded as a chip-cycle proxy for months, and this week it didn't. go for AI & crypto ETF Money Came Back, Barely ETF flows account for something like 45% of weekly Bitcoin price moves, and creations and redemptions are mechanical: spot bought, spot sold, whether or not anyone likes the price. $273 million came back over two weeks. $8 billion left over the previous eight. Analysts want a clean break above $65,000–65,500 before they'll call it an uptrend, which is a polite way of saying that selling pressure easing isn't the same as demand showing up. Have you enjoyed this letter? © Changelly 2015—2026 Get access to mobile-only rates Download the app to get exclusive benefits: Download About  |  Privacy Policy Manage Subscription Any information provided in this email does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell digital assets or other financial instruments described in this email. In particular, this information should not be used as a substitute for suitable investment and product-related advice. Unless expressly stated otherwise, all pricing information is non-binding. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this email before making any decisions based on such information. IMPORTANT NOTICE: This sponsored content is for informational purposes only and not intended for persons in the United Kingdom. If you are accessing this from the UK, please note that this content has not been approved by an FCA authorised person. Cryptoassets are not regulated by the FCA and are high risk. The value of cryptoassets can go down as well as up and you may lose all your money. The content is for information only and not investment advice.