ZKsync, ever the tormented artist, persists in its rally, adorned with an upgrade that dares to prove its long-term utility and tokenomics. On a Tuesday, a day as mundane as any other, Alex Gluchowski, the CEO and co-founder of Matter Labs, unveiled a proposal so grand it could only be described as a “major ZKsync.” Rewards, they say, shall flow to its holders. But at what cost, dear reader? At what cost? 🤔
Alright, folks. Nasdaq CEO Adena Friedman, in her infinite wisdom, is telling us that blockchain is the future of finance-no big surprise there, right? But she’s really onto something here, making some bold claims about how blockchain could shake up the way finance has been working for decades. Who knew? Maybe it’s time we stop pretending the current system doesn’t feel like it was built with a typewriter and a fax machine.
In what might be the beginning of the end, or merely a bizarre interlude of chaotic unpredictability in the crypto theater, Paris-based Sequans (SQNS) is the first bitcoin treasury darling to dump its shiny, digital gold. The company’s decision, laid bare during their third-quarter earnings report on Tuesday, revealed that 970 bitcoin were parted with to clear half of its July 2025 convertible debt, trimming the total from $189 million to a more “breathable” $94.5 million.
On the 3rd of October, Ripple made yet another bold move, acquiring Palisade, a crypto wallet and custody provider. The deal was hailed as a grand expansion of Ripple’s ability to “serve the core needs of fintechs, crypto-native firms, and corporates.” Monica Long, Ripple’s President, had this to say:
Hidden bullish divergence on the XRP charts could finally give the bulls a little breather. 💪
By offering STRE in euros, Strategy is building a bridge between traditional finance and Bitcoin’s wild west. Institutions can now “invest” in Bitcoin without actually touching crypto-because nothing says “trust” like a middleman with a stock ticker. 🏛️➡️🚀 Michael Saylor, the man who once said “Bitcoin is the future!” and still says it, declared this a “milestone” for Europe. Let’s hope the next step is a Bitcoin-themed Eurovision entry. 🎤
Prices have fallen below the sacred $3.7k support level, now reduced to cosmic dust. The downtrend is plotting a path to $3.4k and $2.9k, where ETH will presumably learn how to breathe underwater. 🐚
Bitcoin, once the prima donna of the crypto opera, now shuffles like a tired bureaucrat. Large holders, particularly from the East, have taken to selling with the fervor of a man dumping his mother-in-law’s china. This relentless offloading has left BTC gasping for breath, its recovery as likely as a Russian summer without mosquitoes. Meanwhile, ETF inflows have slowed to a trickle, as big investors eye the stage with the caution of a cat approaching a cucumber. 🐱🥒
In the wake of this crypto catastrophe, Curve Finance didn’t just shake its head. No, no! They issued a warning that felt like a great big slap in the face to every DeFi developer out there: Double-check your code, folks! Check your math, especially in the places that seem “simple!” Because, trust me, in DeFi, “simple” can be the most complicated thing of all.
Coinglass’s accounts tell a tale of over one billion dollars-yes, with a B-evaporating in leveraged longs within a mere day, a veritable flood of retreat and surrender. The Fear and Greed Index, that whimsical gauge of market spirit, sank to 21-an abyss of despair-only to stumble back to 26, still lingering in the realm of terror and trembling. These ripples of panic ripple outward, causing the traders’ hearts to race and their confidence to waver. As if market doom was the flavor of the day, and everyone was invited to the pity party. 🎉
