jpyxx Coinbase, that big, shiny centralized cryptocurrency exchange (CEX) that thinks it’s too important to be forgotten, fell victim to an AWS data center hiccup. The issue? “Increased error rates and latencies” in the Northern Virginia region. Translation: everything went as smoothly as a shopping cart with a broken wheel.
The Friday 10 October crash was almost certainly not expected by any XRP investors, especially given that the $2.72 horizontal support level had been holding so well up to that point. For those with particularly agile fingers and who held plenty of conviction and resolve, buying near the bottom of the candle wick down to $1.60 would have been a great buy, given the alacrity with which the price then shot back up. 🚀
On X, Silbert quipped, “Oh, how delightfully dramatic that BlackRock, the titan of asset management, would never grace Zcash with an ETF.” One might call it a Shakespearean twist: privacy coins vs. institutional giants, all while regulators sip tea and frown.
Behold, the trading volume swelled like a bureaucrat’s ego, by 500%, as investors, those fickle moths to the flame, flocked to BIO with the fervor of peasants to a miracle spring. 🦋🔥
But don’t get too comfortable, folks. Despite being down a jaw-dropping 32.8% this month, today’s little rally has brought a whiff of optimism back to the meme coin lovers out there. They’re all thinking, “Maybe this one isn’t a lost cause after all.” But hold onto your hats because there are a few key reasons behind this rise. First, the whales-those giant, mysterious creatures of the crypto sea-have been quietly hoarding more than 4.02 trillion PEPE since February. So much for ‘supply and demand’! The more they buy, the less there is to go around, and as history shows, that often leads to price jumps. 😏
Brace yourselves for potential chaos, or, depending on your perspective, some sweet price fluctuations. Here’s your official guide to navigating this storm of unlocked tokens. Spoiler: It’s not for the faint-hearted.
On this fateful October 19, ZachXBT proclaimed his revelations, declaring with the gravity of a confessor: “A US-based victim lost $3.05M (1.2M XRP) from their Ellipal wallet.” And with a flourish, he traced the stolen essence, offering takeaways as bitter as the bread of the poor: “Here’s the tracing of where the stolen funds ended up and the biggest lessons for such wretched thefts.”
Apparently, you don’t need to sell your granny’s heirloom teapot to buy a whole Bitcoin or Ethereum. Oh no, says Armstrong, you can start with a few measly dollars. “It’s like buying a single jellybean from a jar of magical beans,” he might as well have said. 🍬💰
And as if that wasn’t enough, Japan’s top three banking groups are teaming up to issue their own stablecoin, pegged to the yen. This dual push-by regulators and the old-school financial giants-aims to make digital assets the next big thing in Japan’s economy. Get ready for your grandma to ask about Bitcoin, people. 🙄
