However, beware! Wise men (and even wiser analysts) warn of a treacherous resistance near $124,000. For when Bitcoin stumbled at this height before, it suffered a rather ignominious fall of 13%! A most unsettling prospect, I assure you.
On Friday, October 3, Coinbase announced the expansion of its partnership with Samsung. This renewed collaboration will grant Galaxy smartphone users in the United States direct access to crypto through its Coinbase One program. Yes, a membership plan that promises zero trading fees and premium perks, because apparently the only thing missing from your life is one more tier you’ll ignore after six months.
This is the second-best week since these ETFs first wobbled onto the stage, only edged out by the record $3.38 billion set in late November 2024, according to data from SoSoValue. It’s Uptober all right-cue the confetti and the suspiciously musical cash register. 🪙🎺
XRP’s eyeing a 15% nosedive to $2.60 if it can’t hold onto $3 – because apparently, climbing out of a hole is too much work 😏.
According to the numbers, the open interest surged, and there’s a taker buy ratio of 1.05. That’s right, 1.05! Just a smidget over equal! What does that tell us? Traders are clearly feeling pretty bullish. It’s like they’re saying, “Hey, what can go wrong?” Spoiler alert: everything. 😏
Apparently, XAUt’s market value is as tied to gold as Bridget Jones is to her diary. 📈 According to RWA.xyz (yes, that’s a real thing), the token crossed the billion-dollar line faster than I cross the street when I see my ex. 🚶♀️💨 This surge is all because the physical gold backing it is worth more than my entire shoe collection. Meanwhile, Paxos Gold (PAXG) was like, “Been there, done that,” after hitting the same milestone a month earlier on September 3. 🏆
According to the bank that presumably knows a thing or two about money, Bitcoin is still playing the underdog against gold. Their crystal ball-or spreadsheet-suggests that BTC could vault to $165,000 by year-end, achieving a new all-time high. The analysts, in their infinite wisdom, point out that gold’s recent climb has made Bitcoin look like the more charming guest at the investment party, especially as BTC-to-gold volatility has drifted below 2.0. Fancy that!
The plot thickens: Pedro, who’s been the mastermind behind a staggering €500 million crypto scam, was taken down in true movie-style fashion. Thai Immigration officers confirmed that he was snatched from the depths of a luxury shopping mall after a Portuguese journalist-yes, you read that right, a journalist on holiday-spotted him. You can’t make this stuff up, folks. The journalist, doing their best good Samaritan act, tipped off the authorities, and just like that, Pedro’s dream vacation turned into a one-way ticket back to reality.
“It’s for research and grants!” they chirped, as if we wouldn’t notice they did the exact same thing last month-except ten times bigger. $43.6 million worth of ETH, gone faster than my motivation to exercise. At this rate, they’ll be funding “research” into how to cry into a crypto wallet.
Because apparently, the wild west of crypto wasn’t chaotic enough, Russia is now rolling out its very official infrastructure-because nothing says “trust us” like a government-backed blockchain experiment. According to TASS (because who needs unbiased reporting?), this will help Russians use crypto in totally legal ways that definitely won’t involve sanctions evasion. Wink.
