Ripple Senior Executive Officer and Managing Director for the Middle East and Africa Reece Merrick shared on Nov. 30 on social media platform X that crypto, including the Ripple USD stablecoin (RLUSD), could reshape payment costs in a way similar to how internet messaging disrupted expensive SMS services. 🤯
AMAK, or as they like to call themselves-Almasane Al Kobra Mining Company-has gone ahead and whispered to the world that they’ve spotted a hefty heap of minerals in Najran, covering a modest square mileage of 274. kilometers, if you’re wondering. They’ve drilled less than 10% of the area, but already racked up more than 27,000 meters of eager exploration. Just enough to start dreaming about shiny riches, even if the details are still under wraps like a mama bear’s cubs.
Bitcoin, ether, and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance. 🤯 Welcome to the crypto rollercoaster, where the track is made of uncertainty and the seats are optional! 🎢
The exchange, in its infinite wisdom, has decommissioned all preceding deposit addresses-consider them as outdated as your Aunt Mabel’s Christmas sweaters-and insists users generate fresh addresses. Because nothing says ‘we care’ like a prompt to reissue your keys after a break-in-lovely! 🗝️
With the grace of a gin-soaked debutante, Tether has garnered a risque ‘weak’ rating, thanks to its flirtations with ‘high risk’ suitors like Bitcoin and, farcically enough, gold. And isn’t art just delightful in its unpredictability? 🎨
Meanwhile, in a plot twist worthy of a footnoted footnote, US consumer debt has hit heights that would make a dragon’s hoard blush. 🤑 For crypto and equity investors, this is less of a shift and more of a financial earthquake. Risk appetite? More like risk buffet-everyone’s piling their plate high, but no one’s checked the bill yet.
Traders are now staring at their screens like they’re waiting for a text back-will this compression lead to a wild volatility party 🎉 or just more of the same old downtrend sob story? 🥺
Strategy CEO, Phong Le, has solemnly stated that the company will only entertain the idea of selling Bitcoin if its stock nosedives below its net asset value (mNAV) and, of course, if all other capital sources vanish into thin air. As expected, this approach is described as a “last-resort” maneuver, not a shift in company policy. Seems like they’re hoping they never have to pull this trigger. 🤞
When Grayscale unleashed its Spot DOGE fund (GDOG) on November 24, the inflows were about as impressive as a one-legged man at a butt-kicking contest-just $1.8 million on day one. Eric Balchunas, Bloomberg’s ETF guru, predicted a $12 million bonanza, but apparently, investors were too busy chasing Solana and XRP ETFs to notice. According to SoSoValue, the total inflows for the first week were a measly $2.16 million. Talk about a meme coin with commitment issues! 😅
After conducting a tour of the nearest informational space station, his space-mail from the 30th of November illuminates the structural death rays in Tether’s prized asset allocation. In plain So Long, And Thanks For All The Fish speak, this means they think abandoning their traditional government debt helmet for something more thrilling – like volatile cosmic treasures – is a great idea. Reminds one of that time Marvin the Paranoid Android spent his entire existence listening to philosophical rants rather than doing his one task!
