Michael Salyor’s Bitcoin buying machine could face a reckoning that could wipe out more than 20% of its total market cap. On Wednesday, November 19, analysts at JPMorgan warned of the impending decision that could exclude Strategy (formerly MicroStrategy) from MSCI’s passive funds. 🚨
The move arrives like a snowstorm, just after the company launched its Solana ETF on November 19, a testament to its relentless expansion, as if the crypto gods themselves have blessed its path. ❄️⚡
Alas, macro uncertainty and the Fed’s indecisiveness-imagine a Shakespearean actor tripping over his own cape mid-monologue-threaten to derail this potential rally. 🎭💸
Brian Armstrong, Coinbase’s CEO, went ahead and shared this “big news” with the world, proving that even in the middle of market madness, there’s always room for a little more optimism. The takeaway? Ethereum holders on Coinbase might actually have a reason to smile, especially with a product that’s meant to “expand” crypto loan services. But, is anyone really surprised at this point? They’ve been milking that crypto cow for a while now.
MoneyControl, that oracle of business gossip, claims the Ministry of Finance will “present its case” in the Survey-a case as fragile as a moth’s wing. Meanwhile, RBI Governor Sanjay Malhotra, draped in the robes of prudence, scoffs at the notion of crypto’s grandeur:
In a report that seems almost too good to be true, Cornerstone, in its infinite wisdom, announced that, compared to fiscal year 2024, the SEC has been far less diligent in keeping those pesky public companies and their subsidiaries in line. How could this happen, you ask? Well, apparently, this reduction in vigor is nothing short of “consistent with the general pattern for other fiscal years when the SEC administration changed.” Ah, yes, it’s all so predictable, isn’t it? The circle of SEC life! 💼
In today’s installment, Dovile Silenskyte, the high priestess of Digital Assets Research at WisdomTree, deigns to explain Crypto Indices. Apparently, they’re not just random numbers on a screen. Who knew? 🤷♀️
The wedge resistance near $0.1819 looms like a mountain, while Taker Buy CVD strength dances like a flickering candle. Open Interest rises like a tide, promising chaos. ⚠️
The rate of Bitcoin (BTC) has declined by 1.71% over the last day. Like a confused squirrel falling off a tree. 🐿️😭
