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AVAX One (AVX) stock falls more than 30% on insider share registration

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AVAX One, the digital asset treasury firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares tumble more than 32% after it registered nearly 74 million shares held by insiders as available for sale.

The company, which holds AVAX tokens and related Avalanche ecosystem assets, made the disclosure late on Tuesday. While the filing did not specify when, or even whether, the shares would be sold, registering them with the SEC paves the way for resale on the public market.

The steep market reaction highlights investor concerns about dilution. By registering shares for resale, companies often signal that a block of previously restricted stock may soon hit the open market. That can push prices down, especially in illiquid or thinly traded stocks.

AVAX One had recently announced a plan to buy back up to $40 million of its own shares — a move aimed at boosting shares should the net asset value of its holdings fall below the company’s market cap.

Buybacks have become an increasingly common tool among crypto-native public firms. AVAX One’s strategy mirrors that of other digital asset treasuries like BitMine and KindlyMD, which have faced similar pressures as their stock prices lag far behind the net asset values of their token holdings.

Nationwide Taps Moneyhub to Bring AI Spending Insights to 16 million Members

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Nationwide Building Society, the world’s largest building society, has selected data and payments platform Moneyhub as its data enrichment and categorisation partner.

The partnership will see Moneyhub’s AI-driven technology deployed to create new spending insights for all of Nationwide’s 16 million customers across the UK.

Unlocking granular data
Sri Kanisapakkam, chief data and analytics officer at Nationwide

Under the agreement, Moneyhub’s “Categorisation and Enrichment” engine will analyse every transaction made by Nationwide members, from standard card payments to direct debits. The aim is to transform raw transaction data into granular, understandable insights.

For customers, this means access to far richer transaction details than standard bank statements typically provide. Features will include clear merchant identification—such as website URLs and specific store contact details—alongside location data pinpointing exactly where a payment was made.

Sri Kanisapakkam, chief data and analytics officer at Nationwide, commented on the strategic value of the collaboration: “At Nationwide our tech teams work to deliver fairer, more rewarding and more convenient banking, so selecting the right partners is crucial, to make sure we’re giving our customers the best experience possible. Moneyhub’s AI-driven tech will help enrich the data we’re giving back to our customers and set us up for success with even more personalised products and services in the future.”

Combating fraud and improving wellbeing

Beyond general financial management, the enriched data is designed to help customers spot anomalies more quickly. By providing clearer details on who was paid and where, the system helps users identify fraudulent transactions instantly, allowing the building society to provide immediate support.

Alastair McGill, chief executive officer at Moneyhub, added: “Moneyhub exists to help our financial services clients build services that improve their customers’ digital experience and deliver better financial outcomes. Presenting retail customers with a fine-grained understanding of their income and expenditure is an essential part of this journey, so we’re delighted that Nationwide selected our Categorisation and Enrichment engine.”

The deal underscores Nationwide’s continued investment in digital capabilities following its acquisition of Virgin Money, which solidified its position as the second-largest provider of mortgages and retail deposits in the UK.

Samourai Letter #3: Notes From The Inside

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Dear Reader,

Since my last letter where I tried to explain the underground economy of FPC Morgantown I have been struggling to come up with an idea of what further information you may be interested in.

In modern life on the outside we are all so used to immediate feedback on everything we do. We write and publish an article and almost instantly comments start to roll in. You push to Twitter and the peanut gallery chimes in and has their say, and you as the content creator have an immediate idea of the general sentiment surrounding your work.

It takes some getting used to not having that modern feedback loop, but on the other hand it is quite liberating as well. All that said I have decided that today I am going to write you about the food situation at FPC Morgantown. I hope this letter will be interesting to you. Feel free to write me a letter with your thoughts and suggestions. My address will be posted at the bottom of this letter.

If you have time to read this article, you have time to sign the petition to free Samourai Wallet developers Keonne Rodriguez and William Hill. Every signature counts. CLICK THE IMAGE ABOVE OR HERE.

One of the things I have been doing regularly since arriving at FPC Morgantown is keeping a daily journal. Usually towards the end of my day around 8:00PM I sit at a desk flanked by chess tables and write a summary of the days events. I write about any thoughts I had throughout the day or any incidents that have occurred. When I first got here I only had some blank white printer paper and a very uncomfortable pen (thanks to Omar who provided me with these supplies).

Now, after a shopping trip to the commissary I have a wide ruled notebook and a slightly more comfortable pen. In any case, around the third day of journaling I realized a great majority of what I was writing about was about food or at least somewhat tangentially related to food. I now make an effort to avoid writing about the food in my daily journal as it gets repetitive.

However it got me pondering why so much of my energy went to writing about the food served in the “Chow Hall”. The conclusion I have come to is that so much of a prisoners day revolves around the three main meals and food quantity, quality, and variety in general, that it becomes a naturally big part of our daily life.

At 6:00 AM a crackling static hiss fills the empty hallways and the sleeping rooms of the housing unit. A loud announcement proceeds from the overhead speakers embedded in the ceiling: “ATTENTION BATES UNIT: MAINLINE IS NOW OPEN”. This is our first call to food of the day. “Mainline” is some BOP lingo to mean meal time.

Most prisoners avoid the 10 minute walk to the Chow Hall at this call to breakfast – myself included now. On Monday, Wednesday, and Friday there is supposed to be a “hot breakfast” which could be pancakes (always stodgy and undercooked) served with a brown liquid in a condiment package that is apparently margarine and another brown liquid in a condiment package which is some sort of syrup; French toast (actually pretty tasty) served with the same margarine and syrup; or biscuits and gravy (biscuits are good, avoid the gray soup that is less gravy and more dirty laundry water).

Each of these is served with oatmeal or grits both quite tasteless and reminiscent of wallpaper paste. Though more often than not we do not get any of those things, we get something they call “spice cake” which is a giant piece of cake (without icing) where the batter is mixed with cinnamon until it turns brown. It doesn’t taste terrible, but one starts to resent the taste of cinnamon cake when it is served every morning (and again for lunch if there is any left over from breakfast – and there always is).

Every other day is what we call Cold Breakfast. This consists of some sort of bran flake so stale it is reminiscent of eating cardboard. Even the most stoic prisoner who attends every breakfast will otherwise avoid the Chow Hall on a cold breakfast day.

I do not remember if I told you about the multitude of ducks and geese who live on the compound. They were supposed to migrate south for winter at some point in the past, but instead they found such a hospitable environment among the prisoners who happily feed them leftovers (against the rules by the way) that they decided to forgo the instinct to migrate to warmth and stay here year round.

They reproduced in the way only animals can and now there must be hundreds of geese and mallard ducks that waddle around the entire compound. These prisoner water fowl know the food schedule just as well as us human prisoners do. They wait by the exit of the Chow Hall for altruistic prisoners to throw them a few pieces of bread after every meal, quacking and squawking demanding their fair share. On Cold Breakfast days, throw the fowl the bran flakes and each one will refuse to eat them. That should tell you everything about the universally hated Bran Flakes.

In any case, the 6:00AM Breakfast is the only time you have access to milk. You are offered two small cartons of fat free skim milk – which appears to be closer to water than milk – that is often several days expired.

Usually the milk is still drinkable, sometimes however the carton swells so much it appears it is about to explode. That is a good indication the milk has soured. If you are given a sour milk, tough luck. The breakfast mainline closes somewhere around 20 minutes after it is called, so you scarf down your cake and oatmeal, you drink your two cartons of skim milk (or more commonly you pocket the milk to bring back to the housing unit for later use – which by the way is against the rules and may result in disciplinary action for contraband – with a more appetizing cereal you purchased from the Commissary). You make the 10 minute journey back to the housing unit to await the next break in the monotony of your life. Mainline lunch call.

Lunch mainline is called around 10:45 AM. Calling it lunch is quite generous, really it is late breakfast. Indeed we often get “breakfast for lunch” which is quite universally hated on the compound.

Cold scrambled eggs are usually on the breakfast for lunch menu. You really never know what you’re going to get at lunch time. They post a menu for the week in the housing unit, but from experience that appears to be more aspirational than factual. Some days you will receive a massive portion of “chicken fried rice” which is neither chicken or fried rice. It is turkey and some vegetables with some rice, but it is quite tasty, and somewhat nutritious.

Other times you will get an overcooked tiny hamburger patty – that appears to be a piece of leather recycled from our issued work boots – on a stale and occasionally moldy bun with a few onions, a tomato slice, and some iceberg lettuce. We had this yesterday in fact, and it put a damper on the mood across the whole compound. As I put it to my cellmate Mike, “When the onions, tomato, and bun are the star of the show instead of the beef, that is a bad burger”.

Portion sizes vary wildly. If the kitchen workers serving that day are black and you are black you likely will receive a bigger portion, maybe a second shoe leather patty. If they are Hispanic they likewise show favor to those of their heritage. I am not black, and while Hispanic, I do not speak Spanish and I look like a gringo, so no extra portions for me. Besides portion size disparity there is also a massive gulf in seasoning reliability. There are times that so much salt has been added you need a gallon of water by your side to replenish your fluids as you eat. Other times it is as if salt is the equivalent of gold and must not ever be used on something so trivial as food. Lunch ends around 11:15 and off we are sent to carry on with our day.

Dinner mainline is called around 4:45 PM. I would consider this a late lunch but I do recognize that many people (my dear wife included) consider this an acceptable supper time. Again, the general rule is to expect anything.

It may be something delicious or something inedible. You may get a double portion if you are the right race or a half portion if the server doesn’t like the look of you. It may be over seasoned, under seasoned, not seasoned at all. It may be listed on the calendar and it may not be. You never know what to expect, and that is my entire longwinded point as to why the food is such a popular thing to discuss among the prisoners here, and has taken up so much of my energy during my daily journals.

Our entire day is couched by calls to eat food. 6:00, 10:45, 4:45, and each and every time it is called it is entirely unpredictable. Every other aspect of our lives here is extremely regimented, extremely predictable, very monotonous. But heading to the Chow Hall three times a day, that is throwing the dice of fate, that is an unknown variable in a well known equation.

That is something different every day to talk about. You see the same people over and over again in your Unit. You run into the same person 50 times a day, and frankly you run out of things to say. You can only talk about how fucked up the Feds are, how you were shafted by the prosecutors, how your Judge was a bitch, so many times. The unknown variable of Chow Hall three times a day injects new blood into what could become a very stale social situation. Shared disgust at a horrible meal. Incredibility at how delicious the chicken parmesan was. Complaint at breakfast for lunch again! The shared ordeal of meal times maintains a common social order.

You may have gathered from the above paragraphs that the food quality generally is quite low. Most ingredients are supplied by vendors who can get away with selling expired and close to rotten ingredients to the prison system. I have heard from kitchen staff that many boxes arrive in the kitchen labeled “Not For Human Consumption”. Our potatoes are mouldy, our canned vegetables long expired, our protein suspicious.

You couldn’t legally give this quality of food away on the outside, but you can legally sell it to the BOP who will use it to feed the adults in their custody. Besides low quality ingredients and bland to actively disgusting recipes the nutritional value of our meals is extremely low. If you are a die hard disciple of the USDA Food Pyramid – bunk nutritional science that everyone but the slow moving feds recognize as a national tragedy, responsible for the exceptional rise of obesity rates – then yes, I suppose we are getting – on paper – the required nutritional value out of every meal.

The on-the-ground results of a prolonged diet like one we are subjected to does not lie. I have spoke with many different prisoners, several of them doctors, who have come into the prison system as healthy adults and after several years of custody have developed chronic health problems. High blood pressure and high cholesterol seem to be the most common problems reported. Almost every prisoner is on some sort of prescribed medication for some ailment they developed whilst in custody.

Because of the problems I have described. Many prisoners do not bother with the meal time calls to Chow Hall. I have met several prisoners who never go to the Chow Hall and only buy prepared food or cook for themselves. This is also not an ideal solution. The food items the commissary sells must be shelf stable, nothing that can spoil without refrigeration.

This naturally means nearly everything is packed to the gills with preservatives and salt. On my first commissary day I purchased 10 pouches of chicken breast, several bags of quick cook ‘minute rice’, several pouches of dried mash potatoes, small bags of shredded mozzarella cheese (there is no expiration date on the cheese, so I suspect it is more preservatives than cheese), 10 pouches of tuna, mayonnaise (again, no need to refrigerate so quite suspicious), hot sauce (vital for making the Chow Hall food more palatable), salt, pepper, onion flakes, garlic powder, soy sauce, jelly, peanut butter, individually wrapped bagels, dried milk, and frosted flakes cereal.

Next time I plan on buying granola, oatmeal, protein shakes, and tortillas. The food I am able to prepare is tastier than the chow hall, but I am not yet sure if it is healthier. It is also quite difficult. The only cooking tools legally available to you is: on demand hot water (190 degrees F) and a half gallon plastic jug. It takes some trial and error to cook under those conditions. It is a lot of hassle and expense which makes cooking for yourself prohibitive for those prisoners only relying on their prison jobs.

Almost everyone on the outside who hasn’t been to prison themselves or have a loved one incarcerated does not think about the basic needs that individuals have in custody, or how those needs are met. The food and nutrition in the system is woefully inadequate. We need higher quality ingredients, fresh fruit and vegetables, and far more protein. We need better options for cooking our own food within the unit, something more than hot water. We need access to refrigeration so we can keep fresh produce and items not filled with preservatives.

Thank you for reading this letter from the inside. I do not mean to use this opportunity writing you to complain. “It is prison after all” some of you will say, “it is not meant to be nice”. Anyway, complaining isn’t in my nature, and it often does nothing but make you and everyone around you miserable. I don’t write this letter looking for sympathy or condolences, I write to simply inform you of my reality, and the reality of countless number of people in the custody of the BOP. Happy New Year dear reader. I hope 2026 brings you (and me) great opportunities.

Sincerely,

Keonne

Write to Keonne:

Keonne Rodriguez
11404-511
FPC Morgantown
FEDERAL PRISON CAMP
P.O. BOX 1000
MORGANTOWN, WV 26507

Mailing Guidelines:

Please note: You can only send letters (no more than 3 pages long). No packages or other items are allowed. Books, magazines, and newspapers must be sent directly from the publisher or an online retailer like Amazon. All letters must include a full return address and sender name to be delivered.

Bitcoin May Dip Below $80,000 in This Week’s Volatility

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Bitcoin (BTC) saw modest volatility around Tuesday’s Wall Street open as BTC price analysis saw a market bottom by the end of the month.

Key points:

  • Bitcoin should be safe from new local lows for the current US session, but the week is still tipped to be volatile.

  • Analysis says BTC price action is in a “period of anticipation.”

  • A market take using the Wyckoff method calls for a sub-$80,000 swing low on Bitcoin before February.

“High probability” BTC will hold $87,000 Tuesday

Data from TradingView showed a trip to $88,315 for BTC/USD before it retraced the move to head lower.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Still rangebound, Bitcoin offered little inspiration to market participants.

Keith Alan, cofounder of trading resource Material Indicators, offered some hope in the form of a buy signal from one of the latter’s proprietary trading tools.

“A new Trend Precognition signal on the $BTC Daily chart does not necessarily mean Bitcoin will test resistance today,” he wrote in an X post on the topic. 

“While that is indeed a possibility, the new signal indicates there is a high probability that price will not revisit yesterday’s low today.”

BTC/USD one-day chart. Source: Keith Alan/X

Alan referred to Monday’s brief dip below $87,000 and said that the current daily candle now needed to close above the 2026 open level near $87,500.

“A wick below is a sign of weakness, and an indication that a breakdown is likely coming,” he added.

While the S&P 500 and Nasdaq Composite Index both opened slightly higher on the day, gold began to show signs that it would retest $5,000 as support.

XAU/USD one-hour chart. Source: Cointelegraph/TradingView

As volatility cooled across macro assets, Bitcoin price momentum analysis from onchain analytics platform CryptoQuant was cautiously optimistic.

“Data from Binance shows that daily price momentum is positive at approximately $1,676, with a momentum of 1.93%, indicating a moderately higher closing price compared to the opening price,” contributor Arab Chain wrote in a “Quicktake” blog post. 

“This reading reflects a clear attempt by the market to regain balance after a previous wave of selling pressure; however, it does not yet constitute strong bullish momentum. Instead, it suggests a quiet corrective move.”

Bitcoin daily momentum and volatility tracker (screenshot). Source: CryptoQuant

Arab Chain added that Binance order-book data showed Bitcoin being in a “period of anticipation rather than an immediate breakout or distribution phase.”

Bitcoin Wyckoff analysis sees “spring” event next

As Cointelegraph reported, markets anticipated fresh turbulence in the second half of the week.

Related: Bitcoin trend line cross mimics 2022 amid ‘insane’ BTC vs. silver breakdown

Wednesday was due to see the US Federal Reserve decision on interest rates, along with guidance by Chair Jerome Powell, under heavy pressure to cut them from the government.

Despite that, expectations of a rate cut remained below 3% Tuesday, per data from CME Group’s FedWatch Tool.

Fed target rate probabilities for Jan. 28 FOMC meeting (screenshot). Source: CME Group

In his latest forecast, commentator MartyParty added further importance to the Fed event and others this week.

Using Wyckoff analysis, MartyParty saw a key long-term swing low, known as the “spring,” occurring on BTC/USDT around the same time. An accompanying chart warned that this could take the pair below $80,000.

“This coincides with the Wyckoff Spring Event. Expect Volatility,” he told X followers.

BTC/USDT one-hour Wyckoff schematic Source: MartyParty/X