Cryptonews

The numbers, courtesy of CoinGlass, reveal that the Shiba Inu derivatives market is not just simmering; it’s practically boiling over. With open interest rising by a staggering 15% on November 8, traders are once again pouring their faith-and their funds-into the volatile abyss of SHIB. Ah, the sweet scent of market speculation, intoxicating as ever. We also saw SHIB breaking past the legendary $0.000010 mark-because, of course, that’s a big deal, right? 📈

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Let’s pause for a moment and reflect on a timeless goal for any token worth its salt: launch on a major exchange. And guess what? DAG is officially on Kraken now, bathing in public glory like a sunflower turning to the sun. Why? Because being listed on such a platform means exposure to a massive crowd of crypto enthusiasts. Visibility, darling. That’s the secret sauce. With this, more people get to touch DAG, and the decentralized network Constellation has tirelessly built grows more secure. A win-win, one could say-well, unless you’re a fan of centralized systems, but who even remembers those these days?

According to the sacred scrolls of the TopMob, the Alpharetta-based, probably caffeinated, digital-asset infrastructure giant-Bakkt-reported a net loss of $23.2 million. But worry not! This was merely due to the dark art of warrant revaluation in the shadowy realm of the 2024 direct offering. The real marvel? Adjusted EBITDA skyrocketed 241% to $28.7 million. Apparently, restructuring costs are just fairy dust-it’s the operational gains that count. Bakkt’s coffers now brim with $64.4 million, and, more impressively, they abolished that dreadful Up-C structure on Nov 3, simplifying governance like a well-bred aristocrat. 🏰💰

Eric Balchunas, a man with the face of someone who knows too much, whispered that when Canary did the same for HBAR earlier, the very next day, the heavens parted and the ETF was born anew-like a phoenix rising from the ashes of speculation. If fate is consistent (which it often is not), Thursday shall be the day when XRP officially steps onto the stage of the world’s folly. The signs, like old wives’ tales, all point to an imminent debut. Stay tuned, or risk being left behind in the dust of broken dreams.

The SATA stock, ever the prima donna, pirouetted 1.26% to $92.15, while ASST shares leapt a dramatic 4.05% in the after-hours masquerade. 🎭💃

CoinGlass is telling us that traders are leaning more bullish-like, really bullish-at a 0.9 long/short ratio. Basically, people are placing their virtual money where their mouth is, expecting SHIB to go up, up, and away. After last week’s crypto chaos-Bitcoin’s tantrum below $100K-SHIB decided to do a little rebound dance, rallying over 8%. Apparently, everyone’s banking on a Shiba Inu ETF and some political drama (hello, U.S. government shutdown) to make the coin go supernova.

Kalshi Inc., that paragon of predictive alchemy, faced the wrath of three California tribes-Blue Lake Rancheria, Chicken Ranch Rancheria of Me-Wuk Indians, and Picayune Rancheria of the Chukchansi Indians-each howling that its contracts were a wolf in sheep’s clothing: unlawful gaming masquerading as market wisdom. Yet U.S. District Judge Jacqueline Scott Corley, with the wisdom of a cat observing a mouse trap, denied their motion, deeming their claims “unlikely to succeed.” A verdict as poetic as it was pragmatic.

Now, Weisberger isn’t just throwing shade for fun. He says, straight up, that the reason people invest in assets is because they expect them to grow and because they’ve got a solid reason for that belief. For Bitcoin, that reason is simple: it’s the “sound money” for the digital age, replacing gold, which has been kind of lost at sea since 1913 (thanks a lot, 1971). Bitcoin doesn’t need to rely on anyone’s word; it’s backed by a vast network of node operators. Gold? Well, you trust the people who say they’ve got it. Big difference.