Cryptonews

Key takeaways (because even crypto needs bullet points to sound serious):

Recent data, including the September Personal Consumption Expenditures (PCE) report, shows inflation at 2.8% year-over-year, the fastest pace since spring 2024. 📉 A curious paradox: inflation lingers above target, yet the Fed seems poised to ease its grip. 🤯

So, what’s in this magical fund? Brace yourselves: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Avalanche (AVAX), Sui (SUI), and Polkadot (DOT). And if you thought that was impressive, this ETF marks the first time a major crypto asset manager is including Avalanche, Sui, and Polkadot in the mix. 💥 That’s right, folks – no more picking and choosing – just get ’em all! (Bitwise CEO Hunter Horsley was practically doing cartwheels about it on CNBC, if you missed it.)

On the ninth of December, Bitmex-that pioneering den of crypto derivatives-proclaimed with great fanfare the arrival of crypto-to-fiat on-ramps. A strategic union with Mercuryo, the global payment impresario, promises to streamline the onboarding saga for its globe-trotting clientele. How very convenient, darling! 🎩✨

It appears the Office of the Comptroller of the Currency, in a moment of utterly baffling generosity (or perhaps desperation 🤔), has deigned to permit national banks to dabble in the vulgar world of cryptocurrency. They may now allow their clientele to buy and sell these…digital trinkets… instantly, and with the supremely elegant maneuver of ensuring those coins never actually touch the bank’s own accounts. How perfectly scandalous!

The Financial Times whispers that Mr. Trump and his Treasury Secretary, Scott Bessent – a name that sounds suspiciously like a minor character in a Dickens novel – will be having a little chat with former Fed governor Kevin Warsh this Wednesday. But don’t get attached to Mr. Warsh; administration “sources” (those ever-reliable creatures) suggest Kevin Hassett is the favorite. And that, my friends, is causing a bit of a flutter in the markets. Like a sparrow noticing a hawk.

Darlings, Tempo’s darling development team has flung open the doors to its public testnet, inviting anyone with a modicum of ambition to waltz upon it. This, my pets, is the first milestone since this payments-focused L1 chain sashayed into the spotlight earlier this year. 🌟

The move, fueled by targeted buying in the meme-coin complex, came as the broader market rallied. DOGE, ever the underdog, showed relative strength into the close. But can it hold? The breakout sets up a clean continuation zone-provided the bulls, those fickle beasts, defend the mid-range pivot they so recently reclaimed. 🛡️

Forsooth, what was once the domain of the common folk, eager to partake in the novelty, is now increasingly governed by the whims of grand institutions. These ‘ETFs’, as they are called, do amass considerable fortunes, whilst the activity on the blockchain itself, where the true spirit of Bitcoin resides, dwindles like a candle in the wind. A most peculiar spectacle, indeed! It moves, yes, but with a grace and a participation most unlike that of cycles past. 🤔