Cryptonews

As the UNI reserves on exchanges drop like a bad habit, sell-side liquidity shrinks. Translation? Fewer coins to buy = more upward price momentum.

This partnership slaps a security blanket on the Sei ecosystem, making it as cozy as a hug from your grandma – but with more blockchain. 🧵👵 According to a press release from Crypto.com on September 19, it’s all about that regulated, cold storage solution, because who doesn’t love a good regulatory hug? 🤗

This fund, a veritable smorgasbord of digital assets, promises investors a simplified taste of the crypto feast-a basket of five major players: Bitcoin, Ethereum, XRP, Solana, and Cardano. 🧺✨ But let’s not kid ourselves, this is no egalitarian buffet. Bitcoin, the corpulent king of the crypto realm, gobbles up over 72% of the fund’s holdings, leaving Ethereum to nibble at 17% and the others to scrape for crumbs. 🍖🐷

The QCDT fund, managed by Qatar National Bank and custodied by Standard Chartered Bank, is backed by U.S. Treasuries and regulated by the Dubai Financial Services Authority (DFSA). The DFSA, for those who missed the memo, is the independent regulator of financial services within the Dubai International Financial Centre (DIFC). Because nothing says “trust us” like a three-letter acronym and a suspiciously polite bank manager.

Bitcoin (BTC), with its $116,466 price tag, has decided to take a brief siesta, dipping a mere 0.23%. Ethereum (ETH), not to be outdone, follows suit with a 0.25% retreat to $4,542. The altcoins, those mischievous wallflowers, offer a mixed performance-some dipping, others daring to rise, all while maintaining an air of nonchalance. 🌟

Right now, ETH is chillin’ around $4,500, which is basically the financial equivalent of that awkward pause in a group chat. The price has been climbing but now it’s squeezing itself into a neat little “bullish pennant” pattern. Fancy words for “it’s acting like a high schooler waiting to either break out or totally freak out.” This pennant is formed by rising support (think of it as the price’s emotional floor) and falling resistance (the annoying ceiling it keeps bumping its head on).

But that is not all! The good folk at YZi have also set their sights on conjuring fresh stablecoin marvels: the whimsical USDtb and the enigmatic Converge. One cannot help but wonder if these names were plucked from a rather peculiar carnival brochure. Meanwhile, the vaults safeguarding Ethena’s treasures grow heavier still, with a total value locked towering over $13 billion – a sum so grand it would make even the most stoic merchant raise an eyebrow in bemusement.

Apparently, they’re using something fancy called a Collateralized Debt Position (CDP) protocol – which is just a fancy way of saying, “hold onto your XRP while we pretend it’s worth a buck.” According to some press release that landed in CryptoPotato’s inbox, this CDP lets XRP holders mint stablecoins that are “overcollateralized.” Fancy words to distract you from the risk.

Our heroine Warren, joined by Senators Mazie K. Hirono from the tropical isles of Hawaii and Richard Blumenthal of the empire that is Connecticut, penned a missive to Attorney General Pam Bondi. The letter, heavy with righteous indignation, referenced whispers that the DOJ might be considering rolling back certain shackles on Binance-because who wouldn’t want to free a financial leviathan from its chains? 🦾

Lo, in these modern times, when men chase digital ghosts and call it “investing,” the IG Group, a name once whispered in the halls of traditional finance, hath cast its gaze upon the Australian outback. With a purse clasp of 109.6 million Australian dollars (or $72.4 million for the uninitiated), they have snatched a 70% stake in Independent Reserve, a crypto exchange that, one might say, has been sipping from the same Kool-Aid as the rest of the industry. “A wise move!” cried the press, as if the APAC crypto markets were not already a gold rush with the enthusiasm of a toddler in a candy store. 🍬