Minority Mindset

XRP is tiptoeing around $2.95, like a cat eyeing a fishbowl. The descending triangle on the 12-hour chart has everyone holding their breath-or at least their memes. Horizontal support at $2.75 and a downward trendline since July have conspired to create this dramatic standoff. Analysts are practically frothing at the mouth predicting a breakout that could send XRP soaring to $3.60. But hey, if it fails, we might see it tumble back to $2.75 faster than you can say “HODL.” 🐱‍🏍📉

In a move that screams “desperate for relevance,” Cboe Global Markets has announced Continuous Futures contracts for bitcoin and ether. Because nothing says “stable investment” like betting on crypto prices a decade from now. 🚀 Trading starts Nov. 10-assuming the SEC doesn’t laugh them out of the room.

“By uniting Circle’s profound expertise in stablecoins with our robust institutional infrastructure, we bestow upon financial institutions the courage to innovate without fear. Those who dare to embark on this journey now shall not merely maintain their pace; they shall set the benchmark for the digital financial systems of tomorrow,” declared Michael Shaulov, the esteemed Co-founder and CEO of Fireblocks, with a twinkle in his eye and a smirk on his face. 😏

It comes amid a broader crackdown on crypto ATMs, with the FBI reporting nearly 11,000 complaints of fraud came from the kiosks in 2024, totaling over $246 million in losses. At least 13 states, including Arizona, Colorado and Michigan, have implemented transaction limits to reduce the potential impact of crypto ATM fraud. 🧠💸

Cboe, the derivatives exchange under the very serious-sounding Chicago Board Options Exchange, announced on a Tuesday-which clearly means it’s official-that these contracts are slated for launch on November 10. Of course, provided that regulatory overlords give the green light, because apparently, even the Wild West of crypto needs a chaperone.