Cryptonews

The Facts:

Crypto analyst Zach Rector ignited discussions about XRP’s circulating supply this week after posting on X social media that the “XRP supply shock is not just a meme anymore.” Rector explained that while the concept once seemed exaggerated, developments within the Flare ecosystem are now turning it into a measurable market trend, where on-chain demand could limit liquidity over time. One might say Rector has finally found his muse-or perhaps he’s just chasing the ghost of a bubble. 🕵️‍♂️

On a day typically reserved for fondue and precise watches, GESPA dropped their formal complaint, claiming that FIFA’s “competitions”-which apparently consist of riddles, challenges, and airdrops-are essentially gambling disguised as digital collectibles. Because nothing says “harmless fun” like gambling with a sprinkle of blockchain, right? 🤔

An AI-generated Garlinghouse in a robe, headphones, and a golden mic? Yes, please. The caption screamed “Get up, stack conviction!” as if we were at a crypto motivational seminar. 🎤💸

As I write, BTC hovers at a whimsical $104,767, slipping 5.37% in mere hours-like a slipping on banana peel-and over the week, a reckless 13.95%. The market cap, a stat that sounds impressive but often isn’t, stands at $2.1 trillion, while traders scramble like headless chickens, pushing trading volume to a staggering $114 billion-because who doesn’t love a good panic sale? 🐔💥

Cardano (ADA) is having a meltdown, dropping a shocking 7.78% since yesterday. 🧨 If this were a movie, it’d be called “The Fall of the ADA Empire.”

2️⃣ But dash it all, there’s a spot of bother; the old Bitcoin network, where $BTC resides, is as sluggish as Aunt Agatha after tea, costly as new luggage, and narrower than Tuppy’s waistcoat compared to sprightlier chains like Solana. 😏

According to the Total crypto liquidation chart data, the majority of the losses came from long traders, signaling widespread panic and a sharp risk-off sentiment. The entire week was filled with liquidations, with amounts close to $23 billion collectively wiped out from October 10th to October 17th. 🧨

For the customary seer, like the Cardano chap prognosticating hordes of 500 million to a billion new souls, or the ever-dramatic Raoul Pal envisioning four billion devotees by 2030-alas, their estimates wallow in the mire of quantification! As of mid-2025, global crypto pilgrims numbered a paltry 580 to 660 million, a figure as elusive as a ghost in the moonlight. 😂

According to the ever-reliable Reuters, Laos is feeling a bit nostalgic about contributing to industries that actually-get this-contribute to economic growth. No more feeding the insatiable energy beast that is crypto mining. Instead, Laos wants to use its electricity to fuel sectors like AI, electric vehicles (because who needs a gas-guzzler?), and even metal refining. Just a little more productive, wouldn’t you say?