Cryptonews

It was on a Friday, a day much like any other, yet marked by a filing that would later be spoken of in hushed tones. Grayscale sought to metamorphose its existing Avalanche Trust, a creature of the digital world, into a publicly traded ETF, a transformation as profound as the turning of the seasons. This revelation, contained within a registration statement released on Monday, sent ripples through the market, akin to the first droplets of rain on a calm lake.

Bitcoin’s price, once a soaring eagle, now plummets like a fallen leaf, settling at $111,000 on Monday. 🧨

Private credit, U.S. Treasuries, commodities, stocks, and bonds-ah, the sacred cows of TradFi-stand poised to be tamed by the digital shepherds of RWA tokenization. “The estimated $400 trillion addressable market,” the researchers pen, “is but a prelude to the symphony of growth.” One wonders if the orchestra will play in C-sharp or B-flat. 🎻

As governments across the globe whip out their regulatory whips, threatening to snatch personal data from the hands of citizens, the U.S. is gearing up for a showdown. The Federal Trade Commission (FTC) has dispatched letters to the likes of Akamai, Alphabet, Amazon, Apple, Cloudflare, Discord, Godaddy, Meta, Microsoft, Signal, Snap, Slack, and X, warning them against the folly of weakening encryption in a bid to appease foreign demands.

The pantheon of Bitcoin’s top holders reads like a modern-day Who’s Who: Trump’s media empire, Elon’s Tesla, and others who’ve traded ink for code. It’s a circus of capitalism, and the tickets are priced in zeroes. 🎪📜

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This $MVRK launch is no small feat! Mavryk dreams of shoving $10 billion worth of real-world assets into the blockchain, creating a world where tokenization, DeFi, and lending all hold hands in a happy, interoperable dance. 🕺💰

Bitcoin futures opened with a wide gap on the CME chart, one of the largest in recent weeks. The range stretches from approximately $113,800 to $116,700, following the substantial crash that occurred on Sunday evening. At press time, Bitcoin was at around $111,400, sitting well below the gap zone. As if the market needed another reason to panic, this gap is like a cliffhanger in a bad soap opera, leaving traders on edge and eagerly awaiting the next episode. 🎬

Charles Hoskinson, the eternal optimist, said during an AMA (which is basically a virtual meet-and-greet where he talks to himself) that he had a “great conversation” with Garlinghouse about throwing XRP into the Cardano mix. Oh, and Lace Wallet will support XRP “before the end of the year.” Yeah, sure, I believe that when I see it. Maybe at some mysterious future date, when pigs fly. 🐖✈️

Our dear ADA is currently prancing about within the confines of a symmetrical triangle, a formation so classic it might as well be wearing a monocle. Support is holding firm near $0.88, while resistance is being ever so politely contested just shy of $0.95. Analyst William, a chap with more charts than a pirate’s treasure map, notes that such a pattern often signals that the price is preparing for a grander move. Buyers, bless their souls, continue to step in at higher levels, while sellers valiantly defend the same lofty ceiling. On the 4H chart, ADA has managed to stay above its 50-period EMA, indicating that short-term momentum is decidedly bullish. Quite the setup, wouldn’t you say? 📈