Bitcoin’s fate hangs by a thread as Jerome Powell, that venerable oracle of monetary mysticism, prepares to speak on December 1. The quantitative tightening (QT) program, which has been strangling liquidity like a boa constrictor in a suit, will finally expire. Yet the odds of a rate cut? A mere 86%-a number so high it could make Santa’s sleigh crash. 🚨
The San Francisco-born giant, with its blockchain heart, now wields a new license, a key to unlock the gates of Asia’s crypto kingdom. A realm where the Monetary Authority of Singapore, that stern yet fair gatekeeper, has carved a path for digital dreams. 🧭
Behind closed doors-where all the best political intrigue occurs-lawmakers settled the rather tedious dispute over who ought to issue won-based stablecoins. According to a report by Maeli Business Newspaper (a publication of impeccable repute, naturally), the parties settled upon a consortium model. One imagines the bankers clinking their glasses in triumph while the tech entrepreneurs muttered into their artisanal lattes. ☕
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The exchange, in its infinite wisdom, has decommissioned all preceding deposit addresses-consider them as outdated as your Aunt Mabel’s Christmas sweaters-and insists users generate fresh addresses.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? 🥺
