XRP clings to its perch near $2.50, as the crypto market, ever the drama queen, dusts itself off after a week of tantrums. According to the oracles at crypto.news, the fifth-largest crypto darling now trades at $2.47, up 5.3% in the past 24 hours. A modest victory, but one that raises eyebrows and hopes alike. 🧐
On this fateful Oct. 20, the market dances to a tune only the crypto gurus claim to hear. “Buy the dip!” they cry, while the rest of us clutch our wallets like a sailor clings to a life preserver. 🚤💰 Yet here we are, all coins smiling their polygonal grins, as if the collapse of 2022 were but a bad dream. A dream, perhaps, that forgot to include you. 😂
Right now, Bitcoin’s hanging about over the $100,000 mark-quite the feat, considering it’s had more crashes than an overcrowded dance floor at a June garden fete. Down over 10% from its £126,000 peak in early October, it’s still got enough bravado to make a hacker blush.
According to the oracle of X, Eleanor Terrett, the guest list reads like a who’s who of crypto royalty. Coinbase’s Armstrong, Chainlink’s Nazarov, Galaxy’s Novogratz-all shall grace the roundtable, their hearts heavy with the weight of a leaked proposal that threatens to shackle their decentralized dreams. 🕵️♀️✨
Last week, Fed Chair Jerome “The Rate Cutter” Powell hinted they’re still on track to slice interest rates like a deli worker on a lunch rush. 🥪 Meanwhile, the market’s got one eye on Trump’s 100% China tariff deadline-November 1st, folks! Mark your calendars, or don’t, we’re not your mom. 📅
So, Jack Dorsey-yes, the man who once ruled Twitter and still thinks he’s some sort of Bitcoin prophet-made a remark that had people scratching their heads. He said, “Bitcoin is not crypto.” Sounds simple, right? WRONG. The internet nearly exploded, but don’t worry, David Schwartz is here to clear things up with some linguistic wizardry! 🎩✨
Ah, what a glorious circus this week promises to be, where the mighty corporations of the S&P 500 stumble forth to confess their earnings like repentant sinners at a carnival! Around 10% shall shuffle in, while U.S. crude oil inventories barge in on Wednesday like an uninvited guest at a feast. Thursday brings September’s existing home sales skipping merrily, only for Friday to unleash a veritable torrent: CPI inflation roaring, Services PMI pirouetting, and Consumer Sentiment waltzing as if they’re at a ball! With the Fed’s looming meeting like a ghostly apparition just a week away, traders clutch their hats against the typhoon of volatility-surely these phantasmagoric numbers will conjure or banish dreams of rate cuts! 🙃
So, Vitalik’s GKR protocol is here, and it’s like a turbo boost for zero-knowledge computations. 🚗💨 Published on Oct. 20 on his blog vitalik.eth.limo (yes, that’s a real thing), this tutorial breaks down the Goldwasser-Kalai-Rothblum protocol. Fancy name, but basically, it’s proof aggregation on steroids. 💪
If you were to squint at the on-chain data, you’d notice wallet nomads hoarding BTC like it’s Bitcoin-flavored candy. And let’s not forget the intrepid institutional investors, who’ve taken a liking to spot ETFs after a summer siesta. Meanwhile, market valuation metrics are practically throwing a sigh of relief, indicating that Bitcoin isn’t overzealous, perhaps because it hasn’t blasted off too soon-leaving plenty of escape velocity before end-of-year fireworks.
According to Chainalysis, Japan is smashing the 2025 crypto game with a whopping 120% growth in crypto users. Take that, world! 💥