Crypto News

This particular fundraising affair, hosted via Sonar, marks MegaETH’s third attempt at securing patronage since its 2024 “Echo” round and the February “Fluffles” NFT drop-a name so saccharine it could curdle milk. Participants were permitted to lock their tokens for a year to earn a 10% discount, a proposition U.S. investors accepted with the enthusiasm of a debutante agreeing to a marriage contract. Allocations, one is told, depend on onchain history and ecosystem involvement, though some believe locking tokens might improve one’s odds. One wonders if this is akin to wearing a silk gown to a garden party-ostensibly to impress, but perhaps with a hint of desperation.

The grand spectacle of its attempted recovery resembles a tragic comedy: fleeting hopes dashed against the cruel bricks of fading conviction and market chaos. The once roaring bull has become a meek spectator, trembling on the sidelines while selling pressure pummels what’s left of its dignity. Who could have guessed that a digital coin could suffer such a poetic fall from grace? 🥀

The Fed’s rate cut was as exciting as a grey Tuesday morning – everyone knew about it and not much else came from it. It was a highly anticipated event, and like a drama lacking surprise, many found it boring.

Oh, great, Bitcoin’s doing its usual circus act – plunges to almost $108,000 like it’s auditioning for a soap opera, then soars above $110,000. And hey, $817 million in leveraged futures liquidations? Sounds like a bad divorce where the long traders get the shaft. Again. Typical Tuesday Wednesday Thursday, whatever day it is.

The “Fear & Greed” index, that unreliable narrator of market sentiment, declares Bitcoin has plunged into the “fear” abyss. A paltry 34 out of 100 points-yesterday’s neutral 51 now a distant memory. 🦇🔮

The motion, with all the grandeur of a Versailles ball, demands a public body to amass a Bitcoin hoard equal to 2% of the total supply-roughly 420,000 BTC-over seven to eight years. How, you ask? By mining with surplus energy, hoarding seized Bitcoin like a digital dragon, and siphoning off a slice of Livret A and LDDS savings for daily BTC purchases. Tax payments in Bitcoin? Mais oui, if the constitution gives its nod. 🤑🔗

When this particular digital bauble first appeared in January, it was dismissed by sensible people as a fleeting fancy – a digital memento for those fervently anticipating a return engagement. And then, oh dear, the market went delightfully mad. The value soared to nearly $9 billion! Political symbolism, retail enthusiasm… a potent, if slightly baffling, cocktail.

On Wednesday, the Ethereum folks unveiled “institutions.ethereum.org,” a site so straightforward even the most hardened banker might think it’s simply a very clean, well-organized brochure – but with slightly more pizzazz. Crafted by their Enterprise Acceleration team, it’s designed to gently lead big businesses from the dull corridors of traditional finance into the glitzy Ethereum ballroom.

Blockchain software giant Consensys has decided that the world is ready for its IPO, and what better way to make that leap than by teaming up with two of the biggest names in Wall Street? As reported by Axios on October 29th, this move places Consensys firmly in the company of crypto firms who are also riding the wave of “things are looking a bit better”, regulatory conditions and market sentiment be damned. 🌊

At the heart of this intrigue are Anton and James Peraire-Bueno, siblings whose actions, according to the prosecution, weave a tale of deception and cunning. They allegedly manipulated the ethereal threads of Ethereum’s expansive fabric to execute a trading ploy worth some $25 million in 2023-what prosecutors label a diabolical “bait-and-switch” targeting unsuspecting automated trading bots. Yet these charges are met with laughter most insolent by the defence, who argue they merely dressed in the garb of audacious trading strategies, themselves a product of blockchain’s labyrinthine design.