Crypto News

transforming the ZEC Trust into an exchange-traded fund.

Let’s dive into the daily chart, which is throwing shade like a British summer. Bitcoin’s in a downtrend so steep it makes the Alps look flat, sliding 30% from its recent highs. Its “rebound” from $80,000? More like a wobbly toddler taking its first steps. 👶💔

“The largest holder of gold outside central banks,” Jefferies proclaimed with a flourish, as if penning a grand epic. The Financial Times, ever the chronicler of such follies, reported that Tether’s insatiable hunger for gold may be the unseen hand behind the metal’s recent surge. Who knew a stablecoin could be so… unstable in its ambitions? 🤡💰

Ah, the irony of progress! DeFi, that enfant terrible of finance, has strutted its stuff, flaunting transparency and efficiency like a peacock in mating season. Yet, it stands frozen, not by technological inadequacy, but by the glacial pace of legislatures. 🧊📜 How Chekhovian-a revolution halted by the very institutions it seeks to bypass!

Robinhood is sticking its toes into the prediction market waters. Now with Susquehanna as the generous swimmer next to it, the platform is launching a new joint venture. Futures, derivatives, and all that jazz-because apparently regular stocks are just not enough to make our heads spin.

Moonpay, that charming enigma of the crypto world, has finally received the sacred nod from the New York State Department of Financial Services (NYDFS). What does this mean? Why, they can now parade as a Limited Purpose Trust Company, venerable among the few chosen to dance in the regulatory ballroom. The charter grants them the power to safeguard digital riches while trading OTC-because nothing says “trust” like a government stamp and a wallet full of regulations.

Let’s face it: South Korea’s crypto economy doesn’t just hum along; it’s in full-on sprint mode, powered by retail traders who treat volatility like a favorite hobby. Nearly a third of the population holds crypto accounts, and over 80% of the trading volume is in altcoins. No big surprise there! When they’re not chasing the next big token, they’re busy turning their crypto portfolios into a high-risk, high-reward rollercoaster.

This was basically a “I saw that coming” moment for an industry that still thinks the answer to security is filing forensic reports, doing post-mortems, and crossing fingers. Sure, those things matter. But, they don’t solve the real problem. They’re just the industry saying, “Whoops, we did it again!” 😬

Word on the digital grapevine is that a big upgrade is coming on November 28, though details are as scarce as rain in a drought. An unofficial X account, Pi Network News, dropped a hint that left Pioneers more puzzled than a farmer reading a city map. “A robust enhancement seems to be looming,” it teased, leaving everyone scratching their heads like a dog with fleas. 🧐

This monumental shift affects over 13 million crypto accounts, collectively hoarding more than 5 trillion yen in deposits. In theory, the change is meant to bolster investor protection, which is rather convenient given the recent uptick in fraud cases. But, as always, there’s a catch. Industry bigwigs are raising their voices in concern, warning that the growing compliance costs may very well strangle the life out of Japan’s rapidly expanding digital asset sector.