“A paradise for illegal miners,” Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, declared with a mix of exasperation and irony. Cheap power, covert hookups, and the cloak of darkness have transformed parts of this ancient land into a haven for those who seek to strike digital gold. But paradise, as always, comes with a price-one paid by the grid and the people it serves.
The occasion? The November Unlock. Not a coronation, not a festival of abundance, but a release-as though a horde of caged speculators were suddenly given keys and a one-way ticket to the sell wall. The question on every trembling lip: will this act of token bravado ignite a new bull run, or simply provide kindling for a ceremonial pyre of lost dreams? 🔥
Oh, just a casual $1.2 billion in leveraged positions. Small potatoes, really. 🙄
XRP’s network activity has plummeted, darling. In fact, it’s crashed harder than my attempt to cook Thanksgiving dinner. On-chain data shows that XRP’s payment volume has nosedived by nearly 90% from its October peak. Yes, you heard that right-90%. A small consolation, however, is that it’s now resting comfortably at a mere 200 million XRP. What a comforting number. Truly.
On Nov. 3, Currenc Group (Nasdaq: CURR) unveiled its grand plan: to swallow Animoca Brands whole in a reverse merger that’s slated to close in 2026. Because why build a empire when you can just merge into one? 🚀
Whales are waking up, folks! Balances are dropping faster than my patience at a family BBQ. Traders are probably gearing up for a rocket – or a really expensive fumble.
In their very humble press release, the firm mentioned they had boosted their cash reserves to $389 million (up from a measly $305 million) while casually stating that they plan to acquire 5% of Ethereum’s circulating supply. Well, nothing says “confidence” like buying up all the ETH in sight, right? 🤑
Donald Trump, never one to mince words (or facts), recently declared that while he wouldn’t invite Cuomo to a backyard BBQ, he’d still pick him over Mamdani, whom he compared to a “used car salesman for the Bolsheviks.”
This experiment was part of Brazil’s Drex CBDC project, basically the blockchain version of “Netflix and chill” between Brazil’s Drex network and Hong Kong’s Ensemble platform. 🌐✨ Think of it as a dating app for blockchain networks-except instead of swiping left, they’re swiping data.
In a dramatic twist worthy of a Parisian opera, the SEC now contemplates the Grayscale Hedera Trust ETF. 📜🎭 Rumor has it Paul Atkins, that architect of standards, might wave his wand by November 12! 🪄📅 But let us not forget: in this theater, hope is the lead actor, and reality? Merely a stagehand. 🎭💸
