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. 🎭💸
Followed by a series of tepid attempts to regain charm-oh, the tragedy of $0.205 rejected-our dear meme coin seems content to shuffle back and forth like a no-good actor in a play nobody asked for. Technical analysts, those hopeful prophets, whisper tales of grandeur once this slow decline finally, mercifully, ends. Or so they pretend. 🤷♂️
The market is feeling particularly bearish, folks. According to CoinGlass, the long-to-short ratio for ADA is now sitting at a dismal 0.75, the lowest we’ve seen this month. That means more traders are betting on ADA to fall further-because who doesn’t love a good underdog story, right? 😒
🚨 Crypto alert:
[#XRPUSDT] Near Horizontal Support (1h)
Yes, you read that right. Balancer, the platform that was supposed to be the Fort Knox of DeFi, has reportedly been breached. The hacker didn’t just grab a few spare coins; they went for the whole treasure chest. Nansen, ever the vigilant watchdog, noticed the unusual transfer and sounded the alarm. Meanwhile, the Balancer team is either busy investigating or practicing their “no comment” skills. 🤐
Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for ETH itself. Or, you know, it could just be a bunch of bots arguing over fractions of a cent. Either way, it’s so 2021.
The XRP Ledger, once a mere ledger, now draws the eyes of many, as its RealFi project may, nay, shall, tokenize the global real estate market, which is worth more than a king’s ransom. The anticipation grows, and the market dances with hope, as ETFs loom like specters on the horizon. 🧙♂️✨
Ethereum ETFs are bleeding faster than a broken fountain pen-$364 million in three days. Ouch. 📉
Now, the price is doing a rather sad jig at around $175, which, let me tell you, is a 6.4% drop in a single day! It feels as if it’s on a slippery slide that has seen a rather dismal week-long correction, croaking nearly 12% off its once proud value. But wait, hold those horses! Even with the likes of Bitwise, Grayscale, and 21Shares strutting around with over $500 million in their pockets, prices still refuse to play nice.
And, as if that wasn’t enough to make your crypto-loving heart skip a beat, Ripple took to X (formerly Twitter) to share that this new service will allow clients to indulge in over-the-counter (OTC) spot transactions across a dazzling array of digital assets and stablecoins. That includes the ever-popular $XRP and, let’s not forget, the newly beloved $RLUSD. Because why wouldn’t you want to trade those over-the-counter, like some financial connoisseur enjoying a fine bottle of vintage wine?
