jpyxx Meanwhile, the Federal Reserve, that venerable arbiter of Stone Age wisdom, has apparently misplaced access to crucial private employment data from ADP, which covers a hearty 20% of private workers. Reporting from the esteemed WSJ and Kobeissi Letter suggests that the Fed is feeling quite dovish-possibly more than usual-urging rate cuts while the government’s shutdown drags on, like a bad soap opera.
This scoop is courtesy of Theminermag, your go-to source for the bitcoin mining industry’s latest high-stakes soap opera, packed with all the essential details like institutional bitcoin mining gossip.
– With the flair of understatement from @EricBalchunas, the stalwart seer of securities, October 21, 2025
Oh, the drama! Bitcoin slipped below the $109,500 level like a banana peel on a rainy day. It tested the $106,750 zone and is now sulking in a corner, consolidating its losses. A low of $106,717 was hit before it decided to dust itself off and recover a bit. 🍌
Bitcoin is trading around $108,164, up slightly from Monday but still down 2% on the week, while Ether is changing hands near $3,815. It’s like a horse race where the winner is still deciding if they want to run. 🐴
With a flourish of social media wizardry, Ardoino declared this the “biggest financial inclusion achievement in history,” an achievement as certain as the sun setting behind the smog of the global economy-if only we knew who truly counts as a ‘user’ in this digital carnival. The number’s as solid as a mirage, perhaps a little more shimmering, and the details of how these ‘users’ are counted are as mysterious as the depths of the Mariana Trench, or perhaps just a well-kept secret. 🤔
There’s a fever in the air, a kind of madness that only comes with the scent of profit. The digital asset sector is awash with optimism, as crypto exchange-traded product (ETP) filings surge to heights once thought impossible. Bloomberg’s own Eric Balchunas, a man who’s seen his fair share of market frenzies, declared on October 21 that a record 155 ETP filings have been made since 2024, spanning 35 different cryptocurrencies. It’s a land rush, he says, and he’s not wrong. 🏇🔥
In a legal drama fit for any courtroom thriller, the Financial Conduct Authority (FCA) slapped a lawsuit against HTX, the artist formerly known as Huobi, in London’s High Court on October 22. Accused of promoting crypto services to unsuspecting UK residents without so much as a “by your leave,” HTX has been a thorn in the FCA’s side since 2023. And, naturally, they’ve been added to the official warning list of the ever-watchful regulator.
The winds of institutional fervor are sweeping through the crypto valleys, compelling exchanges to broaden their horizons. Bybit, ever the astute observer, announced on October 22 that it would embrace XRP, mantle (MNT), and dogecoin (DOGE) into its USDT-margined futures and options contracts. A strategic pirouette, if you will, to deepen liquidity and offer more refined instruments for traders braving the volatile crypto tempest. 🌪️
In this ever-escalating saga, revelations abound that Milei, that impulsive libertine, hath gravely underestimated the legion of Argentine merchants ensnared in LIBRA’s precipitous fall, a tumble as abrupt as a peasant’s hopes in winter’s grip. 😂