Cryptonews

The daily chart reveals OP’s valiant attempt to rise from its recent lows, much like a heroine regaining her composure after a scandalous ball. The price, having endured a prolonged decline since mid-September, now hovers above the critical £0.40 support level, a fortress against further retreat. Buyers, with the tenacity of a well-bred hostess at a country assembly, gather strength each time the price approaches this range, hinting at a plot to accumulate and outmaneuver the bears. One cannot help but admire their audacity. 🕊️📈

This whole “EtherHiding” business kicked off in 2023, because apparently, 2023 was the year of “let’s make crypto theft trendy.” The hackers pair this with good old-fashioned social engineering-fake job offers, high-profile interviews, and probably promises of free avocado toast. 🥑📰 They lure victims to malicious websites, where a Loader Script takes over like a bad DJ at a wedding. Then, boom! A smart contract steals your funds faster than you can say “blockchain.”

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. 🧨