Ethereum, ever the tragic hero, has plummeted 15% this week, shedding support levels like a divorcée discards wedding photos. At $2,800, it clings to dignity-and technical analysts pray for a “relief rally” as fervently as sailors pray for land. 🌊
Behold, the new PayPay Money service: a digital ledger where users can fling yen at each other like confetti, sans fees. Peer-to-peer transactions? Free of charge, of course. Who needs etiquette when you can charge a fee for the privilege of being modern? 🎉
Et, naturellement, XRP, fidèle compagnon, franchement traîne dans cette comédie, suivant les caprices du marché, laissant nos investisseurs enchaîner des questions telles un mauvais dîner : « Ah! Les ETF XRP, seront-ils le remède ou la peste? » 🥂
Global stablecoin issuer Tether has announced a hefty investment, probably enough to make a banker cry into his whiskey. The target? Latin American digital assets platform Parfin. It’s their latest attempt to make USDT as common as mestizos at a fiesta. 💃💸 This move’s got all the earmarks of a rocket taking off – more high-value used cases, more digital glory, yessiree!
The saga? Breached confidentiality, broken exclusivity clauses, and someone probably eating a muffin while reading internal docs. Core’s arguing Maple stole their intellectual property like a toddler swiping cake off a plate. 🤷♀️
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. 🚨
