Apparently, SWIFT has extended a hesitant hand towards Ethereum’s Layer 2, Linea. A curious courtship, wouldn’t you say? Like a grand old bear attempting ballet. It seems the urgency of competition, that relentless current, compels even the most established institutions towards… innovation? One shudders to think of the committee meetings that preceded this decision.
Stock-to-Flow spiked above 40, MVRV Z-score cooled to 0.798, and Funding Rates stayed positive, hinting at bullish bias but rising volatility risks. It’s like a tightrope walker on a unicycle-thrilling, but I’d rather not be the one holding the net. 🎪
On the 25th of September, Ripple, that sly architect of blockchain’s future, unveiled a new geopolitical waltz between the United Kingdom and the United States. Matthew Osborne and Lauren Belive, Ripple’s policy virtuosi, penned an ode to the Transatlantic Taskforce, a project as ambitious as a poet’s attempt to define love. The taskforce, they declared, would harmonize stablecoins, tokenized assets, and market access-a utopian dream, or a bureaucratic farce? Only time will tell.
Looking at the 1-hour chart from Binance, OP/USDT is like a sad little balloon that’s just been punctured. It started its miserable descent from above $0.84 and now languishes at $0.67. The pattern? Oh, just the usual-lower highs and lower lows, of course, with sellers seemingly getting bolder as the decline progresses.
Notably, this financial feast was not led by any single investor, but rather a veritable smorgasbord of firms and individuals, each eager to dip their toes into the crypto waters. 🌊
World Liberty Financial (WLFI), a decentralized finance project tied to the 45th U.S. President, has launched a token-burning spectacle worthy of a Soviet-era opera. With a $1.06M buyback across Ethereum, Solana, and Binance Smart Chain, the team now incinerates 7.89 million WLFI tokens-worth $1.43M-like it’s the last day at a crypto clearance sale. The move, hailed as a “critical proposal” by developers and “community members,” aims to restore investor trust after a 60% price plunge. One can only imagine the fanfare: 🎉🔥 “Trust restored! Now, who’s up for a bonfire?”
And jolly good show for the network, too, what with developers bustling about like ants at a picnic and infrastructure improvements popping up faster than Jeeves with a silver tray. Analysts, those clever chaps, reckon this could put BNB Chain in the running against the likes of Base and Solana. Pip pip! 🏎️
Bitcoin is trading at $109,449 on Saturday, and the futures complex is thick like a New York City traffic jam. Total open interest (OI) is at 707.59K BTC ($77.45B). Depth is broad, and the tape shows plenty of two-way interest. Because nothing says “I’m confident” like betting on both sides. 🤷♀️💰
Crypto was used to move money across borders, settle trades and even fund political activity. This helped sanctioned groups keep operating but it still left a digital trail, which is about as subtle as a sledgehammer in a library. 🛠️📚
The ETF debuted like it owed the market child support, raking in $6 million in its first hour. Bloomberg’s Eric Balchunas predicted a meager $2.5 million for the *whole day*. Guess what? He’s now eating humble pie for breakfast. 🥧💸