On Monday, Yonhap News reported that FSC Chairman Lee Eun-won, a man who clearly enjoys being the party pooper of digital finance, declared that “interest payments on stablecoins must be blocked in any form.” Imagine a world where your crypto earns zero rewards-how dare it!
Apparently, Ethereum isn’t just a cryptocurrency-it’s a “programmable, open finance framework.” Fancy words for “grifter playground.” 🚀🎢 According to some guy named AdrianoFeria (who’s probably just Larry David in disguise), this openness has birthed innovation AND a million ways to fleece retail investors. Low-quality tokens? Check. Overpriced NFTs? Double check. 🖼️💨 Retail investors thought they were playing 4D chess but ended up losing their queen. Oops.
“Open interest in ETH resembles the simplistic serenity of June 30th of this very year, when ETH traded at the illustrious value of $2,500,” he remarked with the gravity befitting an oracle. “With the looming specter of a Supercycle for Ethereum, this dislocation in pricing serves as a veritable siren call enticing the bold-hearted to plunge into its depths.” Ah, the profundity of such calculations! 🤔
According to BitMine, someone’s been binge-shopping for Ether. Three “mysterious” addresses (spoiler: they’re probably BitMine’s) scooped up $250 million worth of ETH on Monday. Because nothing says “I’ve got it all figured out” like buying a quarter of a billion dollars worth of digital Monopoly money. 🎲💸
This newborn beastie will squander most of that loot on gobbling XRP from the open market, emerging as “XRPN” on Nasdaq (assuming the gods of regulation approve, which is about as certain as a dragon’s appetite). Investors get a neat, regulated window to XRP’s wild world. Closing? Q1 2026, if shareholders and regs don’t throw a wobbler. 🤑😏
Though Base aspires to the lofty ideal of decentralization, these tribulations have exposed the rather flimsy undergarments of Coinbase’s centralized structure. All leading non-stablecoin tokens on Base have taken a tumble in value, a most unfortunate turn of events, though one might say they have merely tripped on the hem of their own ambition. 🌧️
Ethereum (ETH) seems to have caught its second wind after a prolonged period of market speculation. According to on-chain data, Ethereum’s open interest (OI)-the amount of money tied up in speculative futures contracts-has plummeted. We’re talking a 37% drop, from a peak of $30 billion to a humble $19 billion. But here’s the kicker: while OI is down, ETH price has only fallen about 20% from its $4,000 high. Talk about a healthy correction, right? 🏋️♂️
The shares, once peddled in September at $6.881 apiece with the glee of a child selling lemonade, are now eligible for sale earlier than planned. HSDT’s stock, now languishing near $6.50, has embarked on a three-day freefall that would make a lemming pause for thought. A 60% plunge? Why, that’s just a gentle stroll for a stock that once dared to dream of $25.
Matthew Salisbury, who’s probably more excited about this than he should be, posted the gig on LinkedIn. The role is in London, where Wise’s HQ is located. Because nothing says “global” like being in the same city as your headquarters. 🧠
Mitchell explained his $250,000 investment in the “Nickel Standard,” a 25-metric-ton stash now sequestered in mint boxes. Each Jefferson nickel, 75% copper and 25% nickel, boasts a melt value of 5.84 cents-17% above face value. A curious alchemy of fiscal paranoia and metallurgical whimsy. 🧪
