Woke up on Saturday morning and glanced at the market—the drop was even harsher than before I went to sleep, with Bitcoin still leading the decline. All I can say is, my feelings are complicated.

1. BTC inexplicably dropped straight from 93,000 yesterday to below 90,000, and now it's around 89,000. I heard someone dumped at market price? I really don't get this move.

2. ETH is holding up relatively well, still staying above 3,000 for now. But many voices are saying the price action of BTC and ETH is becoming increasingly out of sync—let’s keep watching.

3. The wealth-effect on the SOL chain is still ongoing; hoping the last month can bring back last year’s momentum.

4. Pendle released its 2025 annual report: average TVL for the year was $5.8 billion, total trading volume $47.8 billion. Ironically, PENDLE’s price is almost back to its yearly low.

5. Hassett reiterated his dovish stance and supports the new proposal requiring regional Fed presidents to reside in their district for three years.

6. Bitcoin treasury company Strive directly called out MSCI: "Let the market decide" whether to kick it out of the index.

7. Multiple EU countries joined forces to take down a crypto scam network involving up to $815 million.

8. Doodles teased that it will launch 25,000 Doopie Cubes on Solana next week. What’s a half-dead project doing with all these moves?

9. CoinShares believes the DAT bubble has basically burst, and if the macro environment improves, it could support the market.

10. Cloudflare released an analysis report on today’s outage and confirmed it was not caused by a cyber attack.

11. The US September core PCE data fell short of expectations, which basically paves the way for further Fed rate cuts. Bank of America predicts the market may soon fully price in a January rate cut.

12. US prosecutors are recommending a 12-year prison sentence for Do Kwon.

13. Web3 job-seeking activity is picking up again, but there’s a clear shortage of available positions. Is everyone looking for jobs instead of trading coins now?

14. Security firms discovered that the LummaC2 virus infected devices belonging to North Korean hackers involved in a certain exchange theft case.

15. Polish lawmakers failed to overturn the veto on the crypto asset bill.

16. The Paraguayan House of Representatives is requesting official information on domestic crypto mining activities.

17. National Bank of Canada bought about $273 million worth of Strategy stocks.

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More and more things I don’t understand are happening, but maybe it’s worth trying to learn about them—what if I’m just overthinking? Besides, Christmas is just around the corner. I truly hope we don’t end up with a “Christmas tree” market.