And so it was, the wider altcoin market-those noble brethren-followed suit, with Ethereum (ETH) and Binance Coin (BNB) leading the charge, like faithful knights in a forgotten tale. The ETH price surged a gallant 4%, cresting at a princely $4,736, only to be pulled back gently to a serene $4,676.
This bold proposal, penned by our fearless hero Venturefounder, is like a crypto diet plan-ditch the 2% annual inflation (that’s right, no more free lunch of 200 million new tokens flooding the market like an unwanted party) and introduce a treasury-backed burn or buyback scheme to boot. It’s all about fighting that relentless sell pressure, because who needs tokens multiplying like rabbits in a horror movie? 😏
The rule was intended to safeguard the banks from a potential exodus of deposits, but, alas, it has inadvertently opened the gates for crypto exchanges and fintech distributors to harvest profits from this very flaw. With a swift sleight of hand, the yield has found its way into the pockets of those who dare to play the game, creating a new avenue for innovation.
The announcement, made with all the pomp and circumstance of a royal decree on October 6, 2025, was delivered via a press release that was, unsurprisingly, as devoid of actionable substance as a pious Sunday sermon. This financing bonanza was led by none other than Winklevoss Capital, the family office of those twin titans of tech and crypto, Tyler and Cameron Winklevoss. The duo graciously offered not just their purse strings but also their strategic counsel. How magnanimous of them! Who wouldn’t want advice from the lads who brought us the then-revolutionary idea of having their own currency? 🤑
Imagine, if you will, a gaggle of crypto whales-those portly, deep-pocketed creatures-gobbling up 800,000 ETH in a single week. That’s a whopping $3.6 billion stash, enough to make even Mr. Wonka’s chocolate factory blush! These jolly giants now hold 25% of the circulating supply, leaving us mere mortals to wonder: What do they know that we don’t? 🤔 Are they plotting a grand rally, or simply hoarding like squirrels before winter? One thing’s certain: when whales feast, the market trembles. 🌊
During an October 6 event at the São Paulo Stock Exchange, he explained that the techy DNA of digital assets seeped into how the central bank thinks about efficiency, inclusion, and automation-the financial equivalent of remodeling your kitchen and discovering your spouse never noticed the sink was leaking. It’s all very practical, and very loud in a room full of calculators. 🤖
Plan acronyms aside, here’s what you get (in Tina Fey-level bluntness):
From his October note, Akinyele sketches a two-act play for the XRP Ledger, not with trumpets but with the language of numbers. The first act, to unfold over the next twelve months, will cloak transactions in privacy using zero-knowledge technology, yet keep them within the boundaries of the law. A business might move money with the elegance of a private conversation, and still be able to show the proper smiles to the inspectors. The second act, set for 2026, will introduce Confidential Multi-Purpose Tokens (MPTs), a development that sounds grand and perhaps a touch theatrical. 🎭😏
Mr. Spock, our modern-day Cassandra, has proclaimed the Pi Network’s fall from its February zenith of $2.99 as “basically a rug pull.” Oh, the irony! A project once hailed as the future of decentralized wealth has evaporated like a champagne bubble, wiping out a staggering $18 billion in market value. And all this while the crypto market, that fickle mistress, has been dancing to a far more exuberant tune. 🎶💔
And who should step into the limelight but the inimitable President Trump, ever the maestro of the unexpected, offering his peculiar brand of wisdom.
