Cryptonews

Silver Volume explodes, source: X

Bitcoin pundit Joe Consorti warned that the collapse of the precious‑metals market cap barely scratches the weight of Bitcoin’s own entire valuation-a painfully ironic reversal of fortunes.

Meanwhile, Bitcoin (BTC) made a dignified escapade back onto the $83,000 track after flirting with $81,000 on Friday. It yanked itself up to $98,901, marking an over 1% climb in the past day. The precious metals, on the other hand, decided to lose their sparkle: gold stumbled more than 10% and silver took a 30% dive, proving that even the most dazzling jewels can be brittle snaps in a winter wind.

Open interest across exchanges has declined as if the market suddenly remembered it left the stove on-broad deleveraging rather than heroic dip-buying. In plain terms: traders are closing positions instead of marching in with fresh longs to defend the current perch. And crucially, open interest has struggled to recover alongside price, which suggests conviction is thinner than a goblin’s disguise.

According to the hilarious (yet tragic) update from Lookonchain, the attacker crafted a fake address that matched the first and last four characters of Galaxy Digital’s real deposit address. Then, they sent tiny “dust” transactions to the victim’s wallet-basically, crypto breadcrumbs leading to a financial black hole. The goal? To make the address look legit and trick our hero into thinking, “Oh, this looks familiar!” Spoiler alert: it wasn’t.

Meanwhile, the crypto market seems to be on a perpetual coffee break, unable to muster the enthusiasm to chase gold’s glittering tail.

Tether’s principal occupation, the issuance of USDT and the investment of its reserves, is a delicate dance designed to maintain the token’s parity with the US dollar. These reserves, a mélange of assets including the volatile cryptocurrencies, are not immune to the whims of the market. The downturn in digital assets following October’s events has no doubt cast a shadow over Tether’s returns, though the precise extent remains a matter of conjecture, given the company’s penchant for discretion.

The Wall Street Journal reports Dimon interrupted a coffee meeting between Armstrong and former UK Prime Minister Tony Blair. He pointed his finger and said, “You are full of s-.” Subtle? Not exactly the spa day you hoped for.

After a skyward sprint to $5,594.82 per ounce on January 29, our golden hero finally tripped over its own shine. Down it went, a 10% plunge-nearly $500 lost in a blink-halting a rally that had even the most optimistic miners scratching their heads. Trillions vanished, poof! Just like that, leaving the safe-haven crown looking a tad wobbly.

The madness kicked off at the unholy hour of midnight, disrupting federal agencies faster than a cat knocking over a vase, affecting hardworking government employees who now find themselves either unpaid or officially “not working.” Financial markets, ever the drama queens, are watching with bated breath, worried about ripple effects-probably because they can’t resist the drama or the chance to make a quick buck on the chaos.