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Ethereum. Two years of sighs and complaints from investors who prefer instant gratification. While Solana and its kin hog the headlines with their speed – flashy, like a cheap circus trick – Ethereum’s own fields have appeared fallow. NFTs collecting dust, DeFi volumes… wheezing. They call it the ‘old guard’ now, overvalued. Hmph. Like a well-worn boot is ‘overvalued’ compared to a pair of flimsy slippers. They’ll learn.

And the stories spilling forth! A Thodex CEO, rotting in a Turkish jail for eleven THOUSAND years… eleven thousand! One begins to wonder if the laws are meant to imprison or simply forget. Then there’s Custodia, banging on the Federal Reserve’s door-denied, of course. The powerful protect their own. And Tether? Laughing all the way to the bank, boasting profits that shame even the old, established institutions. The world is upside down, I tell you! 🙃

Our beloved DOGE seems to have lost a peppercorn of its weight, settling down 0.21% since yesterday. Over the last week, it’s lost more ground than a mischievous weasel in a henhouse, about 6.55%, by the numbers wizards bandy about.

Ethereum (ETH) just did a 0.28% shuffle this week. That’s like asking if your coffee cup spilled a teaspoon of joy. 😒

According to frantic scribblings on those aforementioned regulatory documents, Canary Capital’s version looks set to burst forth around the 13th or 14th of November. Bitwise’s will waddle along a few days later, between the 19th and 20th. Dates dictated by a 20-day timer that started ticking down now the SEC has momentarily run out of things to delay. (The government shutdown helped, oddly enough. Sometimes doing nothing is the best policy. Who knew? 🤔).

Why, in October, does one see that XRP has, alas, dropped by a further 11 percent, a development which could only be welcomed by the most sympathetic of financial analysts? This unsavory decline can largely be traced back to the noble efforts of long-term holders, who sought to distribute their fortune in the wake of an impending ether tempest.

While the exodus of funds has, thankfully, slowed to a mere trickle, a select coterie of traders appear determined to maintain the status quo of melancholic stagnation. Such dedication to the mundane is…fascinating.

The trouble first brewed when nimble fingers danced harder than a drunk flea on keyboards, pulling out coins like they were playing pin-the-tail on the calf. By some miracle, MEXC don’t seem to croak like a cat in a bag about its wallet. To sweeten the deal, they promised to shine light on their Merkle tree, giving everyone a peek at their stash of crypto coins. You know, so we can make sure Uncle Jeb did not squirrel them away.

The response of Bitcoin-along with its big-cap cousins-is enough to make one question the very essence of crypto. Is it a bubble, or just a really bad dream? Some are worried that the crypto market is going the way of all things that eventually burst. However, in a remarkable display of unwavering optimism, one CEO from a prominent blockchain company has come out to declare that, while the bull cycle might be nearing its end, the pinnacle of Bitcoin’s glory could be just around the corner-perhaps only days away from hitting a new all-time high. Who’s ready for the next rollercoaster ride?

In a Saturday episode of Anthony Pompliano’s podcast, Visser, a man whose knowledge of finance is rivaled only by his ability to speak in riddles, declared that dormant coins are “on the move, not in a panic, but with the grace of a well-trained penguin.” New investors, he claims, are “accumulating on dips,” a phrase that sounds suspiciously like “buying low and hoping for the best.” 🐧📉