Cryptonews

So, remember when the Solana ETF was the life of the party in October? No? Well, that’s because the enthusiasm has already turned into a wallflower. After peaking with an impressive $69.45 million on October 28, and then a slightly fancier $70.05 million on November 3, the inflows have fallen off a cliff. The latest $6.78 million on November 10? Yeah, that’s a sign of waning excitement. The crypto crowd is yawning.

Crypto.com inked a handshake agreement with the Sui Foundation, a crew devoted to making the Sui network the talk of the town. This partnership promises to elevate the art of storing SUI tokens to such dizzying heights of security, one might think the coins are hiding in a squirrel’s nest. And for liquidity? Well, they’ve got more flow than a Mississippi steamboat in springtime. 🚤

This exchange kicked off after the notorious Jack Dorsey shared a tweet announcing that Square had now rolled out Bitcoin payments for its 4 million U.S. merchants. A move that seemed to say, “Hey, let’s throw Bitcoin into the real-world payment blender and see what happens.” And to sweeten the deal, these businesses can accept Bitcoin with absolutely no processing fees until 2027. You heard that right – 2027, like the future, future.

The market, ever the patient spectator, is now fixated on this very level, as our dear cryptocurrency hero attempts to rise from its ashes. And of course, what could possibly aid this noble struggle? Why, none other than the renewed optimism surrounding the U.S. government’s miraculous avoidance of a shutdown-because nothing says ‘market confidence’ like bureaucratic survival! 🎭

Their coffers’ depletion expanded to a staggering $266.7 million, or $1.28 per share, a figure so alarming it would have even the most stoic of London society ladies gasping for breath. This was a marked improvement from the mere $50.1 million loss of the previous year, though analysts had dared to hope for a more modest deficit of 25 cents per share. Revenue, however, did double to $169.7 million, a modest triumph overshadowed by their financial woes, while adjusted Ebitda flipped to profit-a twist as unexpected as a proposal from Mr. Wickham.

This ain’t your grandpappy’s ICO. Coinbase’s disclosure is like a spotlight on a cockroach-infested kitchen-you can’t unsee it. For the first time, a bigwig institution’s laid out the whole shebang: the names, the loans, the durations. Even the third-party watchdog, Coinwatch, is on the prowl to keep these market makers in line. 🐕

In a post dripping with self-congratulation, the Foundation trumpets the news: “Developers, analysts, and enterprises may now query Hedera’s transaction history with the same ease as Bitcoin, Ethereum, and other plebeian chains.” 🍾 How very convenient for them! HBAR’s ledger data now rubs shoulders with the industry’s darlings, though one wonders if it will ever truly fit in. 😏

Despite a bumpy start to November, Ethereum has managed to stabilize above the $3,500 mark, much to the relief of traders and investors. Following a brief and rather unfortunate dip below $3,100 on November 4th, ETH quickly found its footing above $3,400. Currently, Ethereum is priced around $3,596, with the market holding its breath to see whether the bulls will continue their charge.

Mike McGlone, our resident crypto seer, declares this a “do-or-die” moment, as if Bitcoin is auditioning for a role in a particularly dramatic soap opera. The 200-day moving average, that venerable old friend, now sits near $110,000, a hurdle that seems as insurmountable as a well-timed punchline. 🧠

Meme coins, those jesters of the crypto realm, prance about like kings atop a bullish wave, backed by the solemn nods of JPMorgan and other such titans. Oh, the irony! 🤡