Apparently, the mighty treasury entities-Forward Technologies Inc., Sol Strategies Inc., Sharp Technology Inc., and DeFI Development Corp.-are nosediving faster than your favorite celebrity’s career. According to analyst Ted Pillows (yes, that’s his real name), this isn’t exactly what you’d call a confidence booster. It’s like watching your crush slowly drown in their own drama, but hey, maybe the chain is still okay?
In a report that dropped on Dec. 1 (yeah, I know, who reads reports?), Grayscale basically said Bitcoin’s four-year cycle is deader than my social life. 🪦 The cycle, which supposedly predicts BTC peaking every four years, is now “invalid.” Grayscale analysts dropped this gem:
At the center of Fusaka lies EIP-7594, Peer Data Availability Sampling (PeerDAS), the technical headline that changes how Ethereum handles data from rollups without forcing node operators to buy data-center hardware or compromise on decentralization. A noble goal, yet one that feels as futile as trying to drink from a firehose. 🚰
Corporate crypto strategies are now the financial equivalent of a toddler’s temper tantrum. 🤯💸
Zcash (ZEC) took a nosedive of 24% in one day, leading the charge of crypto’s winter blues as markets chilled to the bone. According to data, this privacy-obsessed coin hit one-month lows after a late Sunday slump, leaving support levels in tatters. Back in November, it soared to all-time highs after a three-month rally that made Wall Street blush. 📈➡️📉
Les autres monnaies de secousse, telles que ETH, XRP, XMR, ZEC, et CC, n’ont pas été en reste. Elles ont toutes souffert comme des malheureux sous le poids d’une molle monarchie, ETH chancelant à 2 800 dollars et XRP défiant la gravité à 2,00 dollars. Quant à XMR, ZEC et CC, elles ont sombré dans le désespoir en moins de vingt-quatre heures. Ah, quelle tragédie humoristique !
Through a written testimony to be delivered before the House Financial Services Committee on Dec. 2, Hill stated that the FDIC has begun work to promulgate rules to implement the GENIUS Act, and a formal proposal is expected later this month. “We expect to issue a proposed rule to establish our application framework later this month,” he said, “and a proposed rule to implement the GENIUS Act’s prudential requirements for FDIC-supervised payment stablecoin issuers early next year.” Sounds like a recipe for chaos, but hey, who’s counting? 🤯
This jolly good show follows their 2024 raise with the eggheads at YZi Labs, and comes at a time when tokenized versions of short-dated government debt have become the bee’s knees in the crypto world, growing faster than a schoolboy’s appetite at tea time. So they say in their Tuesday news release, anyhow. 📈📰
Trades in MYX Finance are performing a poised waltz around $2.40, reminiscent of a tightrope walker’s balancing act between a support band of $2.20 and $2.30. This level has been a faithful partner-appearing consistently at MYX’s side, much like a scrupulous chaperone. A decisive uplift here could whisk our token into favorable chatter; albeit, with the momentum as mixed and unenthusiastic as a wallflower, and volumes meager like autumn’s fleeting rain, traders remain wary.
Guess what else? Prediction markets are the new Broadway shows over here in the U.S., and Kalshi’s jumping on the bandwagon by launching on-chain versions of its contracts to woo the crypto community. A company insider, interviewed by CNBC on Dec. 1 (mind you, that’s next week for someone not living in a TV), spilled the beans.
