Turns out, the US M2 money supply (aka the financial equivalent of a bottomless mimosa brunch) has hit a record $22.2 trillion. 🥂 That’s a lot of zeros, folks. And while Bitcoin’s been sipping the Kool-Aid, Ethereum’s been nursing a “liquidity lag” like it’s stuck in a spin class it didn’t sign up for. 🚴♀️
Alas, the poor darling couldn’t close above its previous peak of $124,501 (set on August 14th), and the fact that this Sunday pump occurred on a day of typically low volumes only adds to the melodrama. Will it sustain? Or will it collapse like a soufflé in a thunderstorm? 🌩️🥧
It’s not your average Joe anymore. The heavyweights-those holding between 100 and 1,000 BTC-are scooping up more than 10K BTC daily. Plus, ETF holdings are hitting a staggering 620K BTC ($76.9B). This is the era of whales, not retail. 🐋💰
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Yeah, you guessed it. The US government shutdown, alongside some other tiny little problems in the world economy, had investors running back to crypto like it’s the last lifeboat on the Titanic.
Brace yourselves, folks. $0.89 might just decide where Cardano is going next. Think of it as the cliffhanger before the grand finale. 👀
In a post as dramatic as a Gogol novella, 0xngmi unveiled comparative charts for XRPUSDT volume on Aster and Binance, a near-1:1 ratio that would make even the most stoic accountant blush. Hyperliquid, meanwhile, stood apart, its decorrelated profile a beacon of virtue in this sea of suspicion. Yet, Aster, oh Aster, thou dost withhold the lower-level order data, the very key to verifying the genuineness of thy trades! Thus, Defillama, with a heavy heart and a firm hand, hath temporarily banished thee from its hallowed lists. 🧹
According to the parchment filed with the Hong Kong Stock Exchange, this treasure trove of HK$86.7 million ($11.1 million) shall be procured through a share placement to Innoval Capital, a firm nestled in the sun-drenched British Virgin Islands. Innoval, led by the enigmatic Moore Xin Jin, shall acquire 69.38 million new shares at HK$1.25 each, a price that whispers of both opportunity and risk. Jin, whose name carries the weight of managing over $1.6 billion in assets through the Nasdaq-listed Antalpha Platform Holding Company, lends an air of gravitas to this venture. 🧙♂️
Musk initially announced on Sept. 30 that xAI was building Grokipedia, telling X that it “will be a massive improvement over Wikipedia,” and adding that, frankly, it is a necessary step toward the xAI goal of understanding the Universe. 🌌
Details on the specifics are currently sparse; however, Musk has previously stated that Grokipedia will consist of an “open source knowledge repository.”
Meanwhile, on-chain data revealed a surge in whale activity-those mysterious figures who trade in the shadows, sipping champagne while the rest of us sip lukewarm coffee. 🥂 Profit-taking, accumulation, and strategic positioning? How very quaint. The crypto world is a stage, and these whales are the stars of the show.
