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! 💥
The asset, now cloaked in cautiousness, clings desperately to its lower range, as if fearing even the shadow of volatility. Leverage, that fickle lover, has retreated, leaving behind a barren landscape of reduced exposure. One can almost hear the sighs of relief from the weary traders.
Analyst CW shared a chart showing Binance Coin encountering two major sell walls before reaching the $1,190 resistance level. The chart identifies red-marked resistance areas as zones of concentrated sell orders. The first resistance zone lies around $1,120-$1,150, where recent price attempts have repeatedly stalled. The second zone, near $1,180-$1,190, acts as the final obstacle before a potential continuation toward $1,200. (Imagine climbing a mountain only to find a wall of doubt (aka sellers) waving a white flag. 🧱)