Cryptonews

🔸 ~0.45s block times for quicker confirmations 🕒

CryptoQuant’s Exchange Reserve data, that grim oracle of liquidity, revealed a sharp decline in SHIB’s on-exchange supply, a descent as inevitable as the sun’s descent into the void. 🌅

In a 9 January letter, Ripple argued that crypto regulation should follow “the lifespan of the obligation” – which, in simpler terms, means “please stop treating XRP like a never-ending party invite.” 🎉

This phase began back in November 21, a date that now feels both ancient and yet agonizingly recent, like a bad hangover from a time you can’t remember. It’s a cooling period, sure, but not in the “oh, this is comfortable” way-more like the “I’ve left the oven on and I’m too terrified to check” kind of chill. 🌡️ Bitcoin saw a bounce, followed by a slightly higher low and a marginally higher high, before drifting back toward the middle of its recent range, because of course it did. Why take a side when you can just hover ambiguously?

Ripple posits that future regulations should hinge on solid legal rights and enforceable obligations, rather than on those nebulous concepts that seem to drift about like lost sheep-forever changing and utterly untrustworthy. 🐑

The press release, dated Jan. 12, arrived like a telegram from a distant relative: urgent, cryptic, and laced with desperation. Chairman Thomas “Tom” Lee, a man who once dreamed of space travel but now counts decimals for a living, implores shareholders to vote YES on increasing authorized shares. The threshold? A precise 50.1% of outstanding shares. Such precision in a world of chaos! 🤡

He frames sovereignty as more than just resisting governments-it’s about privacy, attention, and autonomy from profit-driven platforms that treat you like a data point wearing a username. Yeah, because nothing screams freedom like a feed optimized to make you click one more thing before bed. 😒

The company’s offering? A mere 11.8 million shares, which could rake in $201 million if the stars align (and the SEC stops side-eyeing crypto like it’s a suspiciously labeled lunch meat). Leading the circus are Goldman Sachs and Citigroup, because nothing says “trust us, we’re professionals” like enlisting the same banks that invented the phrase “moral hazard.”

But here’s the twist: instead of selling their stash like every other early whale, this one’s buying. Suspicious… or is it just a very expensive case of FOMO? 🧐

And here we are, ladies and gentlemen, witnessing an exhilarating spectacle. A price action that whispered sweet nothings of consolidation, leaving traders scratching their heads and clutching their wallets. Did they pause to catch their breath after such a dizzying climb? Or were they just trying to remember where they put their glasses?