A sum so generous, it makes one’s jaw drop: JPY 21.3 trillion ($135.40 billion) worth of munificence. This, ladies and gentlemen, includes general account outlays of JPY 17.7 trillion, topping last year’s meager JPY 13.9 trillion by a considerable margin. Eclipsing anything seen since COVID laid low the world, topped off by a delightful JPY 2.7 trillion in tax cuts-efficiency and frugality be damned!
With blockchain infrastructure becoming hotter than a teakettle at a tea party, Grayscale Investments has decided to join the fray. On Nov. 20, the firm announced that Grayscale Sui Trust (GSUI) began trading on OTCQX under the ticker GSUI, thus offering public-market access to Sui’s Layer 1 network. A move so bold, it could only be described as “brave” or “reckless,” depending on whom you ask.
In a recent interview with CNBC, Lee explained that the October 10 market crash, which saw a whopping $20 billion liquidated from the market (talk about a bad day 😱), caught some market makers off-guard, leaving them with severe liquidity issues. It’s like they say: “pride comes before a fall,” and these market makers are paying the price 💸.
But hold your horses! Akinyele, in his boundless wisdom, took to the mighty realm of X (formerly Twitter, but let’s not dwell on rebranding), and gave us a bit of history on XRP’s glorious rise. First, it was the sprightly little payment network that could. And then, lo and behold, it became a platform capable of handling tokenized assets and offering liquidity faster than your grandma’s knitting speed. 📈
Fundstrat’s Tom Lee doth declare that the crypto market’s weakness since mid-October is naught but the lingering ghost of the Oct. 10 liquidation cascade, a derivatives-driven tempest that followed a most unexpected announcement of 100% tariffs on Chinese imports. 🚨
Lo, the so-called steadfast guardians of Bitcoin’s future now shuffle like penitents, their once-unwavering faith now a flickering candle in a gale. Swissblock, that oracle of on-chain truths, whispers of a silent exodus-long-term holders liquidating their “bags” with the grace of a scolded schoolboy. What heresy is this? Where is the “resilience” they boasted in 2021? A joke, perhaps. A cruel one. 🙃
Our dear analyst, Crypto Patel (whose name sounds suspiciously like he might be handing out life advice with a side of crypto tips), has noticed something alarming. The $0.0000059 support has vanished like a magician’s assistant-gone, and in its place, it’s now acting as resistance. Patel suggests this little trick means that the trend is still comfortably favoring sellers. Lovely, right?
In what can only be described as a financial hoedown, 21Shares has unleashed a veritable menagerie of crypto ETPs upon the unsuspecting Nordic market. Among the newcomers are Aave (AAVE), Cardano (AADA), Chainlink (LINK), Polkadot (ADOT), and two crypto index baskets (HODL, HODLX). Why stop at one when you can have a whole circus, right? This move, they say, is in response to the “consistently high demand” from the Nordic crowd. High demand, you say? Must be all that herring and meatballs fueling their crypto dreams. 🥓🤑
According to BitGuru, a master of the technical arts, the question remains: What does Dogecoin need to break through in order to soar again? A simple answer, of course, but one that may prove elusive…
This news comes as Kraken has been making significant changes. They recently completed an $800 million funding round and, on November 19th, quietly submitted paperwork to become a publicly traded company.
