Cryptonews

Peering at the 4-hour chart for $BTC – yes, I’m sitting here with my reading glasses on, pretending I understand – the price has dipped below its short-term uptrend, like a bad date who just won’t commit. It’s clinging to that 0.236 Fibonacci level, the shallowest of the bunch, but let’s be real, it’s probably just flirting with disaster. Dark clouds are gathering, my friends, and no, I’m not talking about my penchant for over-dramatizing weather. 🎭

In the official guff spouted from their lofty perches, the two entities vow to harness their idiosyncratic charms-whatever they may be-to concoct novel apparitions in the marketplace, and to tinker with contraptions that marry cashless trifles with digital baubles. It’s all frightfully synergistic, or so they claim, in a world where synergy seems to entail little more than slapping labels on each other and calling it progress. 🤑

According to Arthur Hayes, Bitcoin is quite unlikely to experience the dreaded bear market in the near future. Why? Because the warm and fuzzy monetary conditions of the moment are expected to persist, rendering the classic four-year halving cycle completely and utterly obsolete. Hooray for that, right?

Oh, what a tangle of bewilderment we find ourselves in, dear reader! The FOMC Minutes, that most solemn of documents, have revealed that a majority of Federal Reserve officials believe it would be “appropriate” to ease monetary policy further this year. One might almost think they’re hosting a tea party with a side of economic jargon. A few dissenters, however, hinted they might have preferred to keep rates steady in September, perhaps due to a sudden craving for stability-or perhaps they simply forgot their own policy. And lo! Some participants questioned whether the current policy is “truly restrictive,” which sounds suspiciously like a polite way of saying, “We’re all confused, but let’s pretend we’re not.” A delightful ballet of indecision, wouldn’t you say? 🤷♂️

Square, the payments processor owned by Jack Dorsey’s Block Inc., has unveiled a new feature that allows local businesses to accept Bitcoin at the point of sale. Merchants can now hoard this digital gold in an integrated wallet on Square’s platform. This groundbreaking initiative, announced on Wednesday, is a monumental leap in Bitcoin’s journey to becoming as mainstream as avocado toast. 🥑📈

In a world where traditional investing feels like a dull, predictable movie, Graniteshares is here to spice things up with its plan to launch eight leveraged and inverse exchange-traded funds (ETFs). They’re not just dabbling in crypto – they’re going all-in with 3x Daily Long and Short ETFs for XRP, Bitcoin, Ether, and Solana. Talk about betting on the underdog! 🏆

On the evening of October 1, SimpleSwap hosted an electrifying soirée during Token2049 at Moon Rooftop Bar & Lounge, Singapore. The storm outside was nothing short of biblical-rain fell like the heavens had just had enough, and thunder echoed as though Zeus himself had decided to join the party. But inside? The energy was electric. Over 1,200 requests flooded in, and the venue was packed with representatives from Ledger, KuCoin, OKX, Cointelegraph, Trust Wallet, Tangem, and many others-BeInCrypto, naturally, being the official media partner. As the rain poured down, so did the ideas, over food, drinks, and two insightful panels that went on into the late hours of the night.

Falling Open Interest and lower network participation show fading confidence-akin to an audience walking out mid-performance. Could this lead to another downward move? Quelle horreur!

Old TON’s price is currently lounging around $2.77, having taken a 2-3% dip, much like a fellow who’s had one too many at the Drones Club. This minor setback aligns with the broader crypto market’s 2.3% correction, no doubt spurred by those pesky U.S. Treasury auctions and a sudden craving for safer assets. But fear not! This fleeting pullback is about as threatening as a wet sponge in a custard pie fight. Toncoin’s upward trajectory remains as steady as a butler’s hand pouring the morning tea. ☕

Square, the payments arm of Block (XYZ), unveils a merry troupe of tools designed to make bitcoin as easy to handle as a ready-to-wear cloak, letting sellers accept crypto and mind their assets beside traditional ledgers. 🧵💳