“We started this adventure with a modest $0.25 billion in Bitcoin-and, of course, an immediate $0.04 billion unrealized loss,” Saylor proudly proclaimed on Thursday. Oh, the sweet sting of a good gamble, right? Over the past seven weeks, Strategy added 11,085 BTC to its coffers, including a cheeky 196 BTC just last week on September 29. It’s like watching a snail turn into a race car.
Now, this wasn’t just a haphazard bump in the road; nay, it was born amidst whispers of upgrades and a market rally quite like a Discworld festival in full swing. Over a 24-hour spell, it added a cool 7.4%, and across the week, it surged a robust 17.5%, to the surprised delight of number crunchers at a place called CoinGecko.
XRP, in a display that can only be described as mildly encouraging, has ventured north of $3.00. Institutional blokes, it seems, have been rather keen to acquire it, establishing a short-term floor at $2.99. The Japanese, bless their forward-thinking souls, and the looming decision on those ETFs are giving the whole affair a bit of a shove. Resistance, however, appears to be stubbornly lodged at $3.10 – a price point treated with a degree of suspicion.
Well, friends, Ripple has gone and tied its fortunes to UC Berkeley to raise a Center for Digital Assets, backed by a tidy $1.3 million in RLUSD. They say the thing will fiddle with blockchain and digital twins, hunting for practical uses in finance, supply chains, and a passel of other frontiers where money wears … Read more
Approved by Spain’s CNMV, the launch stands as one of the first major applications of the EU’s MiCA framework. It’s like the financial world’s version of a secret society, and BBVA has just been handed the membership card. 🧙♂️
The Central Bank of Brazil has birthed a new monstrosity: a Pix service where fraudulent transactions can be disputed online. A triumph of bureaucracy over blockchain, one might say. 🤷♂️
Perpetual futures-or perps, as the cool kids call them-are crypto derivatives that allow traders to speculate on prices without an expiry date. The decentralized platforms that host them, known as perp DEXes, have surged in popularity as traders flee the centralized exchanges (CEXes) like Binance, as if running from a noseless bureaucrat! 🏃♂️💨
It broke through $100 resistance like Kool-Aid Man through a wall 💥, but spot indicators are about as decisive as my Aunt Sheila at a buffet.
Binance Coin thinks it’s hot stuff now, finally breaking out after sulking under $1,035 for ten whole days, according to this MisterSpread clown. Daily close above that? Converts the neckline into support? Please, it’s just an inverse Head and Shoulders-sounds like a yoga pose for losers. Traders are glued to the charts like it’s the World Series of Poker, but hey, I’m just here complaining. 🙄
Here’s the tea: the tax is tiered, because why not add a little complexity to the mix? Miners using 2.25 million kWh or less per year get a free pass (yay, small fry! 🐟). But if you’re guzzling between 2.26 million and 5 million kWh, brace yourself for a 2-cent tax per kWh. And it only gets spicier from there: 3 cents for 5-10 million kWh, 4 cents for up to 20 million kWh, and a whopping 5 cents for anything over 20 million kWh. Ouch. 😬💔
