BlackRock getting Cold Feet 🥶

What we’ll cover today:

💼 BlackRock’s $664M BTC & ETH transfer spooks the market

🌎 Brazil & Indonesia explore national Bitcoin reserves

🚀 Mantle’s MNT rallies 20% despite market slump

Is BlackRock Getting Cold Feet? 🥶

BlackRock, the world’s biggest asset manager, just moved a mountain of Bitcoin and Ethereum to Coinbase Prime, raising eyebrows everywhere.

🚨 Breaking News
BlackRock shifted 2,544 BTC and 101,975 ETH (worth $664M) to Coinbase Prime amid heavy ETF outflows and falling crypto prices.

⚡ Wire Simplified –

• Bitcoin ETFs saw $1.5B in outflows over 4 days, Ethereum ETFs lost $600M before slight recovery.

• Moving coins to an exchange often hints at selling, but no official word yet from BlackRock.

• BTC trades around $114K, ETH at $3,625, both down this week.

• The whole crypto market slipped 5.3% from its $4T peak.

• Despite the sell buzz, BlackRock still holds over 741K BTC and 3M ETH.

✔️ Straight to the Point
BlackRock’s big transfer could be profit-taking or panic, either way it is shaking the market and spooking some institutional investors.

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Brazil & Indonesia Flirt with Bitcoin Reserves 💍

Two big economies, Brazil and Indonesia, are considering adding Bitcoin to national reserves, yes countries might start stacking sats.

🚨 Breaking News
Brazil’s Congress and Indonesia’s VP office are exploring Bitcoin reserves, inspired by the U.S.’s newly announced strategic Bitcoin reserve.

⚡ Wire Simplified –

• Indonesia met with Bitcoin advocates to discuss a national reserve plan.

• Brazil’s bill proposes up to 5% of treasury reserves in BTC (~$15B).

• U.S. move to create its own Bitcoin reserve sparked global interest.

• Potential benefits: hedge against inflation, attract investment, modernize finance.

• Brazil’s central bank is skeptical, while its VP’s office supports the debate.

✔️ Straight to the Point
Bitcoin as a national reserve is no longer sci-fi, more countries might join but politics and skepticism could slow adoption.

Mantle Moonwalks While Market Trips 🚀

While most cryptos slipped, Mantle’s MNT token soared 20% thanks to bullish charts, growing users, and massive ETH reserves.

🚨 Breaking News
MNT hit $0.934 after breaking a key bullish pattern, backed by 101,867 ETH reserves and surging network activity.

⚡ Wire Simplified –

• MNT up 66% from last month’s low, market cap now $3.1B.

• Breakout from inverse head and shoulders pattern fuels bullish sentiment.

• Mantle holds $369M in ETH reserves, 8th largest known holder.

• Stablecoin supply on Mantle jumped 25% to $650M, boosting DeFi activity.

• Daily active addresses spiked 1,600% in a month.

✔️ Straight to the Point
Mantle’s surge shows that strong fundamentals and hype can beat a bearish market, now it just needs to keep the momentum.