qfx September, that most tempestuous of months, treated Bitcoin like a love letter tossed into a bonfire. But October, or as the market has whimsically dubbed it, “Uptober,” has seen sentiment shift faster than a debutante at a charity gala. The sentiment? A sharp reversal, indeed. Or, as one might say, “volatility has taken a powder.” 🎩
In the city where lanterns waver like faint stars and the river of commerce flows as if it were a mighty horse, Gumi-the maker of games and a conspirator with numbers-sets forth upon a voyage not for bread alone but for the glittering digestion of wealth. They chase XRP and its companions, intend to coax from the cold machine a modest harvest of income through staking, and seek to lay the debt that gnaws at the hull, while binding their fate more tightly to Ripple than a lover to a date-night letter.
The clever clogs at CoinDCX, Sumit Gupta, is wagging his finger at India, saying, “Adopt stablecoins, you silly billy, and watch those remittance fees shrink faster than a chocolate bar in my hands!” 🍫💨 He reckons these rupee-backed wonders could save the country billions-yes, billions!-every year. And where did this stroke of genius come from? Why, it’s all thanks to Finance Minister Nirmala Sitharaman’s chatter at the 4th Kautilya Economic Conclave 2025 in New Delhi. Fancy that!
Many investors are presently treating bitcoin as if the final act of a long play were approaching; they speak of Q4 as if it might close the curtain on the current market drama. Yet two modest metrics suggest the bull may be only warming up backstage. 🤔
“Blockchains trade 24/7, whereas traditional markets have specific hours of operation,” Kadan Stadelmann, chief technology officer of the Komodo decentralized exchange platform, reminded us, with the calm of a man who has learned to count to infinity without losing his temper. Blockchains do not close, and the midnight bell tolls for the price as surely as the sun tolls for a fool’s fortune.
Behold, the last 24 hours have seen DeFi swell by $3.677 billion, inching closer to the $178.841 billion monument erected on Nov. 9, 2021. Yet, $11.754 billion more is needed to topple this idol. Meanwhile, the crypto leviathan looms at $4.21 trillion, with stablecoins alone hoarding over $300 billion. Greed, it seems, is the only stable coin. 💸
As of now, Floki is trading at $0.00001083, with a market capitalization of $1.03 billion. The trading volume has exploded 379.52% to $477 million. It’s a numbers game, and right now the numbers are barking for an encore. 🐕💹
The lawsuit, which started back in 2022, claimed that Yuga was tricking investors by selling NFTs that were essentially unregistered securities. But Judge Fernando Olguin wasn’t buying it. He ruled that the plaintiffs couldn’t prove that buying these digital monkeys (and related tokens) met the *Howey test*, the legal bar for classifying something as a security. So, sorry folks, no billion-dollar lawsuits here. 🙅♂️
Imagine a world where “hot flavor of the month” is replaced with “do people actually use this?” To, speaking at Token2049 (a conference where the Wi-Fi probably costs more than your startup’s valuation), noted that the crypto market has become a fragmented bazaar of layer 1s and infrastructure projects-most of which are now as viable as a sandcastle in a monsoon.
This launch is about as seismic a milestone for digital assets as the discovery that the towel isn’t optional. By opening the floodgates for both institutional investors and the sort of retail folks who’d sell their limited-edition Monopoly set for a hot tip, the ETP has brought FLOKI into a realm more accustomed to essays of economics, dusty commodities, and those disappearing bonds.
