And who’s to blame? Not just the small fry, mind you. The whales-those big fish in the crypto sea-have been dumping their cargo, sending the price into a tailspin. 🦈💸 Spot market activity shows these leviathans aren’t just splashing around; they’re diving headfirst into the sell side. Retail panic? Pshaw! This is a full-blown whale migration to safer waters.
According to Kratter, Bitcoin beats gold at its own game. Why? Let’s break it down: scarcity, portability, verifiability, divisibility… and also, it doesn’t require a forklift to move. Gold’s supply has been creeping up by 1-2% annually for centuries, which sounds innocent until you realize it’s doubling every 47 years. That’s like your ex’s Instagram followers-slowly, but inexorably. 😬
Their wallets, it appears, are shrinking-a slow leak that only the keen-eyed-probably with a calculator and a good sense of humor-have noticed. China, India, and Brazil are trimming the fat, or perhaps just trimming their exposure by billions. You’d think they were cutting coupons, but no, just selling bills. They let go of:
According to the solemn pronouncements of The Office of the Maine Attorney General, this calamity has befallen us. Names, social security numbers, addresses (both of the snail mail and electronic variety), health records, dates of birth, and even driver’s licences-all laid bare like a debutante at her first ball. How utterly ghastly! 🕵️♂️
In his latest Substack post, Hayes declared that the Bitcoin price will quickly reclaim $124,000 and rally towards $200,000 next year as the market equates the Fed’s Reserve Management Purchases (RMP) to quantitative easing (QE). The crypto founder expects the Fed’s RMP to inject significant liquidity into the market next year, sparking a parabolic BTC rally. 🧠📈
A five-year symphony of innovation, the Cardano Vision research program, a veritable orchestra of 34 long-term research streams, conducts its operatic performance across nine thematic areas, including the avant-garde realm of interchains. 🎼
BYDFi, dear reader, is a global cryptocurrency trading platform that doth combine the functionality of a centralized exchange with the on-chain market visibility of its MoonX engine. Since its launch in 2020, it hath striven to create a streamlined and accessible trading experience for users across the globe. Today, BYDFi serves more than one million users in 190+ countries, offering a wide array of trading and onboarding options, including spot markets, perpetual futures, copy trading, and fiat-based crypto purchases. 🌍💼
And it doesn’t stop there. They reckon people will be shuffling around nearly half a trillion dollars worth of ‘tokenized assets’, which sounds suspiciously like turning perfectly good things into digital gewgaws. Meanwhile, something called ‘confidential DeFi’ (sounds like a spy agency for your finances 🕵️♀️) will be worth over ten billion. All this as the grown-ups – i.e., the people with the serious money – start poking around in the crypto world.
This little discrepancy – the public pronouncements versus the internal panic – is, shall we say, interesting. It’s the sort of thing one observes during the twilight of a particularly bloated cycle. It smells faintly of desperation and scented candles.
With mirth and merriment, these “Pioneers” may now bestow their Pi upon hapless online retailers or flail it at local stalls, all while basking in reductions grander than the reductions in a Parisian tailor’s shop. Bravo, to this modern renaissance of folly!