On a Tuesday, when the world was busy sipping its tea, Hong Kong declared its quest for wisdom-or perhaps just public opinion-on CARF and the tweaking of tax reporting standards. A noble endeavor, they claim, to thwart the shadowy specter of cross-border tax evasion. 🕵️♂️💼
This, dear reader, marks the first time a homegrown crypto trading platform has dared such a feat. A first for Hong Kong, you say? Indeed, and yet, one cannot help but smirk at the spectacle of the new courting the old, like a revolutionary knocking on the doors of the aristocracy. 🧨
Crypto sorcerer Michaël van de Poppe says Bitcoin is still galloping along its bullish path. He’s eyeing the $91,892 mark like a hawk. Break that, and the next hurdle is $100,793. Push past that and-hold your breath-$100,000 could be in sight by December’s end. 🎯
Bitcoin started the week with a “I’m gonna be a big boy today!” vibe, hitting $92K, but then… sigh… the bears came in with a “You’re not as cool as you think” punch. Now it’s chilling at $90,200. Because nothing says “confidence” like a 2% dip. 📉
On a day adorned by the frivolity of Tuesday, Circle Internet Group declared to the world with fervor rare, having obtained from the Financial Services Regulatory Authority of the illustrious Abu Dhabi Global Market a license most prestigious – a Financial Services Permission. Ah, to be one in the exotic land of the International Financial Centre of Abu Dhabi! This accolade bestows upon the issuer the esteemed title of Money Services Provider, amidst dreams woven with piastres and dirhams. 🧚♂️
BlackRock has submitted its S-1 form-a document so dense, it could double as a doorstop. 📄 The iShares Ethereum Staking Trust (ETHB) aims to “reflect the performance of ether” while doling out staking rewards. A noble goal, if you ignore the fact that it’s essentially a fancy way to say, “Let’s all try to get rich off a blockchain.” 🤝
Let’s take a step back and look at the few (or many?) reasons why LUNA is suddenly the talk of the town.
Hold on to your hats folks, because 21Shares and Crypto.com have just announced they’re officially in business together. Their goal? To launch some shiny new investment products that track the Cronos (CRO) token. We’re talking about a CRO private trust and an Exchange Traded Fund (ETF) – because why settle for less when you can have it all?
Ripple’s valuation now sits at a cool $40 billion, a number so large it could buy the entire kingdom of Discworld and still have enough left to tip the bartender. The investors? A who’s-who of Wall Street’s finest, including Citadel Securities and Fortress Investment Group, who’ve apparently decided that crypto is the new black-or at least the new get-rich-quick-scheme-with-a-side-of-paperwork. But let’s not get bogged down by numbers. The real magic here is in the fine print, which is thicker than a troll’s wallet.
Lo, the latest momentum study by the crypto analyst Tony Severino has stirred the hearts of market watchers, as he posted on X on December 6, declaring the surprising similarities between the RSI trends and price movements of the 2023-2026 cycle and those of 2012 to 2015. His comparison, a labyrinth of timing, focuses on the moments when a price bottom began to form, the first peak, a subsequent momentum peak, and finally, a Bearish Divergence, which, like a cunning fox, foreshadows deeper corrective phases.
