Here’s the deal: Visa and Mastercard love their interchange fees-swipe fees, lawyer terms-and they’ve been shaking them down for around 2% to 2.5% of every card transaction. Surprising to no one, these fees have ballooned over the years-like a balloon full of hot air. Talk about showing off! In 2024, it totaled a sizzling $111.2 billion, up from $100.8 billion in 2023. Ouch, that stings like a gym membership.
’Tis said that one Master Traidman, a former luminary of Ripple itself, doth champion this strategy. He doth compare it, with a touch of dramatic flair, to the folly of past investments, those fickle “digital asset treasury companies” which, like bubbles, swelled with promise only to burst into nothingness. 📉 “Like the boom-and-bust of the early 2000s,” he proclaims, as if forecasting the doom of lesser mortals.
Dormant Bitcoin holders moving large sums to exchanges raises concerns about long-term confidence amid growing concerns about the potential impact of quantum computing. 🧠💥 Are they preparing for the end of the world, or just trying to cash out before the next bear market? 🤷♂️
Behold, the sacred $0.50 zone! A fortress of Fibonacci proportions, it has withstood the onslaught of selling pressure like a Soviet-era bunker. Ali Martinez, our modern-day Nostradamus, charts the chaos with the precision of a mad scientist. The candlestick wicks? Merely the ghosts of liquidity, trapped in purgatory. If bulls can hold this line, the path to $0.70 may yet be paved with the tears of shorts. 🕯️💸
Behold, the traders’ hearts sank further when a 1.8% decline sent prices near $103,400, and briefly to $102,850, as if the market itself were a tragic actor in a poorly written play!
Enter “Project Crypto,” a masterpiece of bureaucratic choreography, dividing the digital realm into four acts:
Currently trading at $99.67 USD and 0.000966 BTC, Litecoin’s movements are as subtle as a cat burglar, with traders watching like hawks for a breakout. Accumulation, they say, is underway-though whether it’s a prelude to glory or just another false dawn remains to be seen. The community, ever hopeful, clings to technical patterns like a drowning man to a lifebuoy, while the rest of us wonder if this is the chapter where the protagonist finally triumphs, or merely stumbles into another farce. 🤡📈
According to a FOX Business report (yep, the gossip’s real), Coinbase has officially pulled the plug on its decades-long relationship with Delaware. It’s packing up its legal bags and heading straight to Texas, where everything’s bigger, including, apparently, the business opportunities.
On the eleventh of November, as the leaves turned to gold, the Sui Foundation proclaimed the arrival of USDsui, a stablecoin born of the Open Issuance platform from Bridge, a scion of Stripe. A day to remember, indeed! 🍂📢
Coinbase has appointed Liz Martin, a former partner at Goldman Sachs, as its new VP of Product to help build its “Everything Exchange” platform. The crypto firm announced today that Martin will oversee Markets and Derivatives, handling Coinbase’s exchanges, and managing the global markets team. In the shadow of the digital age, even the most arcane rituals of finance find new temples.
