Minority Mindset

And what’s that? Over $40 billion just vanished overnight? Poof! Gone like that leftover pizza from last week. The Crypto Fear and Greed Index decided to take a nosedive too, dropping to 33-because nothing screams “confidence” like a number that’s almost in double digits. The market’s back in fear-heat, cold, whatever you want to call it-probably just missing the days when everyone felt invincible, or at least less broke. 😅

The bears, those pesky creatures that always seem to be lurking in the shadows, think that $,000 was the top, and that BTC will plummet below $,000, with being a bear market – all because of the four-year cycle 🐻. But PlanB is not convinced, and who can blame him? After all, three cycles are not enough to establish a reliable pattern 📊. It’s like trying to predict the trajectory of a butterfly 🦋 based on a few fluttering movements.

So, the Canadian province of British Columbia (BC) is done playing nice with energy hogs. 🍁⚡ They’re permanently banning new crypto mining projects, because apparently, “digital gold” isn’t paying the hydro bills. The Energy Ministry dropped this bombshell like a mic at a poetry slam, declaring that natural gas and mining industries will get first dibs on the power grid. Why? Jobs. Money. And probably because no one wants to explain to their grandma why her heating bill is higher than her bingo winnings. 🧓💸

The documentation, released like a sacred text upon GitHub, speaks of a Router and a Slab-a duality as old as civilization itself. The Router, a guardian of collateral and margins, while the Slab, a matching engine, thrives under the watchful eyes of liquidity providers. Yet, in this design, there is both promise and peril: a single slab’s failure may not taint the whole, yet the weight of its independence looms heavy, like a shadow cast by a dying star.

It’s been a rough year for Bitcoin, folks. With a modest 15.6% increase, it barely outperformed a rather lethargic S&P 500, which is up 14.5%. A real triumph when you consider that the S&P’s market cap is $57.4 trillion (yes, trillion) – roughly 27 times larger than Bitcoin’s. Yet, in a shocking twist, Bitcoin has managed to sigh along with the index like that friend who gets invited to parties but brings nothing to the table. 🙄

The Bank of England, in a display of unprecedented urgency, apparently intends to craft some rules around stablecoins by the end of 2026. Yes, you read that right-2026! Just in time for the next decade of crypto chaos. According to an anonymous Bloomberg report, a consultation begins on Nov. 10. Because why start early when you can start fashionably late? 🕰️

Solana, dear reader, had briefly donned the crown of $200, joining Bitcoin and Ethereum in their gilded folly. But the bears, those sly foxes, arrived with their pitchforks and dragged the price back down to earth-past $200, $182, and all the way to the chilly $174 low. A feeble recovery attempt? Naturally. It climbed to the 50% Fib retracement, only to find the bears still lurking, sipping tea and guarding the 61.8% Fib like a pack of overzealous footmen.