And what of its ambitions? Ah, yes, the $500 billion valuation. A number so grand, so audacious, it makes one wonder if Tether has mistaken itself for a sovereign nation. Or perhaps it’s merely a stablecoin with delusions of grandeur? After all, in this theater of the absurd we call crypto, even the most outlandish dreams find their stage. 🎭
This sudden burst of activity, my pets, is the financial equivalent of a grand entrance. Traders, those fickle darlings, are flocking back to MYX with all the urgency of socialites at a cocktail party. 🍸 And why, you ask? Because liquidity, my loves, is the new black, and MYX is serving it up in spades. 🌊
The Federal Reserve’s recent decision to cut rates by 25 basis points-its first such move since 2019-should have been a moment of clarity. Instead, the FOMC’s 9-3 vote revealed a central bank divided, its members pulling at the reins of policy like horses unsure which direction to gallop. Kansas City’s Schmid and Chicago’s Goolsbee refused to lower rates at all, while Governor Miran demanded a sharper 50-basis-point cut. It is the second consecutive meeting where dissenters have tugged the Fed in opposing directions-a spectacle not seen in three and a half decades. One might imagine the committee room filled with the murmurs of Chekhovian characters, each trapped in their own private calculus of risk and hope.
The POL token (formerly MATIC, because apparently rebranding fixes everything) has hit rock bottom – £0.1200, which is less than I spend on emergency chocolate during a bad week. Down from £0.2970 in September, which just proves that crypto has worse commitment issues than me. 🍫
According to the ever-vigilant eyes of Global Ledger, a blockchain snooping outfit with a flair for dramatics, Garantex has contrived a new, shiny payout mechanism-perhaps a better costume for its little financial masquerade-proving that even server seizures and asset freezes are no match for sheer will. A masterclass in resilience, or perhaps a testament to stubbornness? You decide. 💡
Yet beneath the surface, whale activity tells a very different story. According to Lookonchain, one of the most notable market participants-the famous BitcoinOG, who once shorted the market with the precision of a sniper and the grace of a drunk squirrel-now aggressively expanding his long exposure across multiple assets. 🐻❄️
The country, perhaps tired of waiting for the future to arrive on its own, has teamed up with xAI – Elon Musk’s pet project or possibly his pet rocket – to unleash Grok, a language model so clever it might start questioning the very concept of school itself, on unsuspecting students.
According to the announcement, the OCC has issued a conditional approval to five national digital currency banks. Voilà! These five nouveau institutions join the ranks of 60 other trust bank charters, because why stop at one when you can have a whole bouquet? 💐
On Wednesday, the US Federal Reserve, playing the role of a fickle landowner, delivered a 25-basis-point interest rate cut. The crypto markets, ever hopeful, bounced like a rabbit in a dust storm, only to realize the cut was “widely expected and pretty much priced in,” as CoinEx’s chief analyst, Jeff Ko, dryly noted. 🥕🐇
The shares, currently priced at $487.93 with the vigor of a terrier chasing a postman, have outperformed the S&P 500 by a positively indecent 54.81 percentage points over the past year. Yet all is not sunshine and crumpets in the CyberArk orchard. The stock, which had been prancing about like a debutante at her first ball in October, promptly tripped over its own petticoats in November, dragging down Prelude’s portfolio value by some 5% since quarter-end. A situation not unlike discovering one’s finest dancing shoes have sprouted holes at the most inopportune moment.
