The market, a vast sea of tokens, swelled back to $3.67 trillion, a number as imposing as the cliffs of Monterey. Bulls, those eternal optimists, danced on the shores of hope, while $260 million in short positions dissolved like sugar in hot coffee. The Crypto Fear & Greed Index, once parched in the ‘Extreme Fear’ wasteland, sipped from the ‘Fear’ well-a timid step toward sanity. 😂
Speaking to CoinDesk with the breezy confidence of someone who hasn’t yet seen the market crash that inevitably follows such announcements, Pham declared she expects these new products to “begin trading in our markets before year’s end.” One can almost hear the distant sound of traders sharpening their speculative knives. 🔪
Lo and behold! XRP flexes its muscles, trading at $2.46-though still far from its July glory of $3.65, like a faded nobleman reminiscing about his lost estates. The token wobbles between $2.12 and $2.46, clinging to the upper range like a man clutching his last bottle of kvass.
However, nothing is final yet. The President cannot issue these payments by himself. Both the House and Senate must approve a bill. Until that happens, the dividend is only a proposal. Because nothing in politics is ever straightforward, right? 🤷♂️
Why, you ask? Well, buckle up, because it’s a tale of ETFs, Trump’s $2,000 dividend promises, and whales selling off XRP like it’s last season’s fashion. 🌊🐳 First, let’s address the elephant in the room: XRP’s recent gains are more dramatic than my mother’s reaction to my last haircut. According to Glassnode, long-term holders were dumping their tokens faster than I ditch a bad date. But then-plot twist!-Trump opens his mouth, and suddenly XRP jumps 7%, nearly hitting $2.50. Coincidence? I think not. 🤑🤡
The Senate, in a fit of… efficiency?… pushed a funding bill forward. A path to reopening the government, they say. Weeks they’ve spent in darkness, and now a flicker of a candle. It’s enough to make a cynic almost believe! Almost.
Ah, the rally-so persistent, so relentless-keeps XMR above the fateful $420, as if mocking the very concept of stability. Earlier this month, Zcash, that glittering, somewhat misunderstood cousin, exploded in a glorious firework of 200%. Now, the air is thick with whispers of a shift-a subtle, indecipherable shift of attention toward these digital cloaks of invisibility. Perhaps it’s the allure of censorship resistance or perhaps traders simply crave their secrets. Who can say? But definitely, something is stirring in the crypto gloom.
Latest whispers from the financial court say that open interest – that’s fancy talk for how many eager gamblers are still in the game – has plummeted from a lofty 4.8 million to a modest 3.27 million. Quite the clean sweep, eh? Traders have hastily liquidated leveraged positions, probably fleeing from the chaos, leaving the market in a more pristine state-perfect for a comeback, or so the seers hope! 🃏
Hyperliquid brews a BorrowLendingProtocol (BLP) on its Hypercore testnet-a tribal dance of borrowing and lending, where USDC and PURR (yes, even cats get loans now 🐾) duel for dominance.
The former Ohio State Treasurer, who once boldly predicted Bitcoin would hit $444,000 by November 8 (a date now synonymous with “optimism over optimism”), found himself on the wrong side of a trade involving BlackRock’s iShares Bitcoin Trust. His forecast? A resounding “meh” from the market. 🤯
