Crypto News

In case you’ve been living under a rock, the crypto market has grown to a jaw-dropping $3.2 trillion. But here’s the kicker: only $300 billion to $400 billion of that sum is doing anything remotely productive in terms of yield. That’s right, just 8% to 11% of the sector. In contrast, the stodgy old world of traditional finance (TradFi) has about 55% to 65% of its investable capital working hard for it-making crypto look a bit like a teenager at his first job. Yield-bearing instruments? Yeah, TradFi’s got those in spades, leaving crypto in the dust.

A discerning whale, whose name is whispered in crypto taverns like a sailor’s curse, has doubled down on $ASTER. This occurred mere hours before the anticipated Stage 4 airdrop. Per Lookonchain’s observations, the deposit? A tidy $1 million in USDC. The market, ever the drama queen, has taken notice.

But wait, there’s more! A fresh new sell signal has appeared from one of the crypto world’s key indicators, reminding us of those fun times in the past when similar signals led to a heart-stopping 67% drop in value. Ah, the sweet smell of déjà vu. 😬

Over in Canada, unregistered crypto outfits are becoming maestros of money laundering. It seems like everyone’s favorite pastime-aside from moose hunting-has evolved to include an artful dance around the financial rules. Forget background checks; perhaps they’re under the wrong impression and thought this was a secret mole tunnel meeting.

What’s bizarre is that Dogecoin already had its moment in the ETF spotlight earlier this year. The first DOGE fund popped up faster than a jack-in-the-box, catching everyone off guard and proving there’s a hunger for crypto beyond Bitcoin and Ethereum. Now, Grayscale wants to be the top dog in round two. 🐕‍🦺

This dip? Possibly the universe’s way of whispering “buy more,” especially with firms throwing money like it’s a game of Monopoly. Record institutional exposure suggests they’re in it for the long haul-or just like watching us panic.

Pray, allow me to elucidate: VALR, the paragon of crypto exchanges in Africa, has condescended to offer its indispensable infrastructure to Mukuru, thereby enabling the latter’s vast clientele to partake in the delights of USDC. This, dear reader, is no mere trifle, for it provides a most welcome refuge from the tempestuous seas of local currency volatility. 🌪️💰

Yes. Ethereum briefly traded below $3,000 on 17 November, marking a significant breakdown of this key support level. Like a chocolate teapot in a hurricane. 🌪️

The Financial Services Agency (FSA)-that majestic guardian of Japan’s economic sanity-is at it again. Their latest plot? Reclassify 105 digital assets, from the legendary bitcoin to a smattering of other tokens, as “financial products”-which sounds fancy but is basically giving crypto the corporate nod. Imagine your digital coins getting dressed in a suit and tie, subjected to the same strict rules as stocks. Fun, right? According to insiders who are probably just the coffee makers in the agency’s back office, this move would drag crypto into the realm of “traditional investments,” as if crypto ever wanted that! 😆