In a plot twist straight out of a Hitchhiker’s Guide to the Galaxy blooper reel, Japan’s Financial Services Agency (FSA) is reportedly tinkering with a reform that’d let banks clutch and cuddle digital assets such as bitcoin, all for those lofty “investment purposes.” Yomiuri, the newspaper that’s apparently not busy reporting on alien invasions, spilled the beans.
Pro-crypto Senate Democrats are dusting off their blockchain dictionaries to meet with crypto executives on Oct. 22. The agenda? Discussing stalled digital asset legislation and the future of DeFi regulation-because apparently, 2025 is the year we finally figure out what Ethereum is. 🤔
As the crypto world teeters between hope and chaos, Binance Wallet has unleashed a symphony of bans, silencing over 600 accounts caught red-handed in a bot-fueled opera of deceit. On Oct. 19, they took to X to declare war on “bot farms,” leaving victims to wonder if their usernames were exiled or just… forgotten.
Behold, the mighty Bitcoin, once the darling of the digital realm, now stumbling like a drunkard in a dark alley. The bullish chorus has fallen silent, replaced by the somber whispers of technical indicators. The daily chart, that cruel judge, hints at a plunge below $100,000-a fall from grace that would make Icarus blush. 🪂
The September inflation report, dropping this Friday like a hot potato, arrives just as the government shutdown turns Washington into a very expensive game of musical chairs. The Federal Reserve, now starved of data, is left nibbling stale donuts and squinting at spreadsheets like a myopic owl.
The week unfolded as a gripping drama of human folly and algorithmic despair. The crypto economy, ever the optimist, closed nearly 1.6% higher, clinging to $3.8 trillion like a drunk to a lamppost. Global anxieties? Oh, just the usual suspects: U.S. banks teetering like a Jenga tower 🏦💥 and the Sino-American trade war sharpening its knives anew. Naturally, digital assets took the economic equivalent of a nosedive into a frozen lake.
10-08:09 UTC) saw XRP rebound from $2.34 to $2.35 on 590K in turnover, suggesting the earlier fade may have been a false break rather than a clean trend reversal. 🔄🧐 Technical Analysis Price structure remains neutral-to-bullish while XRP trades above $2.34 support. Intraday action shows an accumulation pocket forming within the $2.34-$2.35 band, with clear … Read more
On the weekly chart, the “magic number” is now $1.95. Spoiler: It’s not magic-it’s just a polite suggestion from Bollinger that XRP might want to consider… existing below $2. No signs of oversold drama, just a slow-motion faceplant into the “sell everything” zone. 🚿
Oh, and it gets better. Guess who’s on the same page? Adam Back, the guy mentioned in the Bitcoin white paper (you know, that little thing we all pretend to understand?). Yeah, he’s also singing from the same hymn sheet. So, it seems the whole “Bitcoin as money” idea is *kinda* catching on. 😏
In the misty veils of San Francisco’s bay, where once fortunes and failures whispered through the fog, a businessman of the Bitcoin persuasion hath announced his intent to erect a colossal effigy of the Greek Titan Prometheus, rising 450 feet from the storied rock of Alcatraz. Oh, the irony of chains broken and new ones forged! 😂
