Sam Bankman-Fried, the co-founder of the now-defunct FTX, is ready to take his case to the 2nd U.S. Circuit Court of Appeals, armed with arguments that he was “presumed guilty” before the trial even began. His legal team, led by the formidable Alexandra Shapiro, insists the trial was anything but fair. They’re pointing fingers at everyone-from the media circus to Judge Kaplan’s alleged bias.
The updated S-1 document now possesses a magical clause – a bypass switch for the SEC’s fondness for procrastination. Mr. Seyffart of Bloomberg informs us this mirrors the arrangements previously extended to Bitcoin and Ethereum ETFs. A clever maneuver, or a thinly veiled attempt to bully the regulators? One wonders. It’s all rather…efficient. Too efficient, perhaps. 🤨
Bitcoin, meanwhile, flexed its dominance like a gym bro who just discovered protein shakes, sucking the life out of altcoins. The Fear & Greed Index sits at a cozy 20-because nothing says “investor confidence” like a number usually reserved for freezer temperatures. ❄️
To bet on the future is the highest form of frivolity, and Gemini, that most fashionable of crypto exchanges, has decided to double down on this particular vice. Pending the benevolence of the U.S. CFTC (who may be busy enjoying coffee with their unemployment), the Winklevoss twins aim to let punters wager on outcomes ranging from political meltdowns to sports comebacks. How thrilling! One might even call it “democratic gambling,” if democracy weren’t so notoriously bad at picking winners. 🎲 \n\nBut let us not forget the thrill of competition! Kalshi and Polymarket, those austere avant-garde rivals, are surely huffing their organic kombucha, muttering about “regulated chaos.” As for the patient, unfinished government shutdown? A mere footnote, really, in Gemini’s operatic quest to monetize every conceivable human anxiety. 🏆
Hold on tight, dear readers. We’re not just talking about any old hack here-it’s a wave of state-sponsored scares targeting the crypto world. North Korean hacker groups seem to have made the virtual realm their favorite playground over the years. This attack simply highlights the industry’s eternal vulnerability to those brilliantly clever cyber threats. 🕵️♂️😱
ASTER Buy Sparks Market Frenzy-and a Contrarian Whale Windfall 🐋💸. Changpeng Zhao (CZ), the Binance founder who probably owns more tokens than most people own socks, announced he bought over 2 million ASTER tokens. Cue the collective gasp of the crypto world.
The first week of November has strutted in like a bear in a china shop, sending the crypto sector into a tailspin. Bitcoin, that once-mighty stallion, has bucked its way down to $103,800-a sight we haven’t seen since its brief stumble in mid-October. That’s a weekly loss of over 9%, folks. Yeesh, even Tom Sawyer would’ve thought twice about whitewashing this fence. 🖌️
Markets What to know: XRP, that once-proud token, has tumbled 6.4% to a mere $2.20, a fall as graceless as a socialite slipping on a banana peel at the opera. 🍌🎭 Trading volume surged 126% above average, a spectacle of institutional panic selling that would make even the most stoic investor blush. 💼💨 Traders, those … Read more
Thanks to CryptoQuant’s SSR (Stablecoin Supply Ratio), something resembling a meaningful pattern is surfacing. When SSR’s numbingly precise metric lands within the 13-14 range, it’s akin to a galactic bingo. This cryptic ratio – effectively a juxtaposition of Bitcoin’s market cap with the world’s hidden stash of stablecoins – often signals some serious dry powder is hoarding beneath the surface like pirates burying treasure. And when it drops, it’s not just washing its bits, but prepping for another big bash with Bitcoin as the guest of honor.
They put it in the “Consumer & Culture” sector, alongside… Dogecoin. 🤦♀️ Honestly, it’s breathtaking. Apparently, it’s about “community” and “entertainment”. Right. Because investing your life savings in a meme coin is a healthy hobby. It’s practically a form of performance art.