Arthur Hayes, that mysterious high priest of digital coin and erstwhile co-founder of BitMEX-imagine a James Bond villain who quotes Keynes and drinks espresso in Bali-has casually revealed, as if announcing his breakfast order, that Zcash (ZEC) has now claimed the sacred throne of second-in-command in his family office, Maelstrom (a name so dramatic it could belong to a Tsarist general or a failed vodka brand).
And what of these stablecoins, you ask? Why, they have swelled to a staggering $300 billion! 🤑 A veritable feast of fiat-backed folly, they say. Yet, our wise Cathie, ever the sage, notes that while these stable upstarts may temper Bitcoin’s short-term dance, they but bolster the crypto kingdom’s grand legitimacy. 🏰
Long-term investors, those stoic guardians of the crypto realm, are finally cashing in after months of HODLING. According to CryptoQuant, wallets inactive since the Obama administration are now the biggest sellers. Julio Moreno, the oracle of on-chain data, called it “textbook bull market behavior”-but with a caveat: “This time, it’s different. Like a surprise quiz in a class you skipped.”
Meanwhile, these smaller tokens are like the underdogs of the crypto world, getting all the attention from retail traders who are basically just hoping for a miracle. 🎯 Filecoin, FET, and ICP are the new “I told you so” squad, proving that even in a market of chaos, someone’s always trying to be the star. 🌟
In a recent X thread, Glassnode waxed poetic about the Bitcoin options market-a place where folks bet on the future price of a digital coin like it’s the last horse race in a town full of gamblers. These contracts let you buy or sell at a set price, but only if you fancy it. Sounds like a carnival game, don’t it?
After weeks of being the swirl of wild online chatter, CZ is finally waving his magic wand and clearing up the rumors about a presidential pardon from Donald Trump. Oh, the things the internet will eat up. CZ is simply saying no deal was made, shattering those rumors into bits (and bobs and cha-chings). 🤯
Once upon a bureaucratic morning-a time of ink and red tape-a proclamation was set forth by the beleaguered voice of MUFG bank. Their beleaguered group, joined by their pious brethren in finance, dared court the favor of Japan’s vigilant watchdogs. And lo, the FSA deigned to bless their joint proof-of-concept-a testament to overcoming the absurd pageantry of technocratic oversight.
The suspense came from all corners. Judge Jessica G.L. Clarke announced the verdict late Friday, or was it Saturday? After all, we’re talking overworked people here. The jury, despite their very best efforts, couldn’t agree on whether using code for committing wire fraud and money laundering was akin to a naughty prank or a heinous crime.
Source – X, the land where traders whisper into invisible earpieces.
Now, Bitcoin-bless its heart-has dropped below the ever-important $100,000 mark for four consecutive days. One can only wonder how long this downward spiral will last. If the trend continues, and who are we to argue with fate, it might not only continue to stoke the fires of panic but could very well lead to a full-blown market collapse. Who needs stability when you can have chaos, right?
