Yes, folks, a staggering $1.1 billion has vanished faster than a magician’s rabbit, marking the fourth-largest outflow in history, according to those clever folks at Farside Investors. It’s like watching a sinking ship with a CEO smiling and saying, “Well, folks, it’s just a tiny leak.” 🌊
In a most curious turn of events, Tether hath been observed contemplating a most substantial financial commitment of approximately £1.15B (or thereabouts) into the German robotics firm Neura Robotics. Such a sum would value the startup between £9.3B and £11.6B, a figure so grand it might make Lady Catherine de Bourgh herself blush with envy.
How the wallet, dubbed “add…4×534,” attempted such a futile transaction in a parched market conditions caused a loss as profound as it was unexpected. In the insightful observations shared on Lookonchain’s post-a gleaming testimonial to the risks of feeding monstrous trades into liquidity-starved maws-the jest was not lost upon critics. “Cardano’s market cap higher than hyperliquid? Ha! What a jest of an industry,” quipped a user, disbelief and mirth entwined.
According to the scribes at crypto.news, the world’s largest digital asset was last seen trading around $95k in the mystical hour of Asian morning on November 17. But alas, it could not hold, and like a tragic hero in a Shakespearean play, it fell below the $94,000 threshold to an intraday low of $93,029. The lowest since April 12, a date now etched in the annals of crypto infamy. 📉🗡️
The price is doing the emotional rollercoaster thing-up 0.7% one day, down 0.7% the next. It’s like Pi can’t decide if it’s a hero or a zero. 🤷♀️ Technical data, whale moves, and developer upgrades are throwing a party, and Pi’s the awkward guest trying to fit in. Will it end in a dance-off or a food fight? Only time will tell. ⏳
Adams believed the proposal would create a single, authorized entry point for cryptocurrency trading in the U.S. One company would be legally allowed to act as a crypto brokerage, and another, connected to FTX, would be the sole licensed exchange. This would effectively shut out all other platforms from operating legally in the U.S.
Meanwhile, the macro spotlight shines fiercely upon Wednesday’s FOMC Minutes-the whispered secrets from the monetary gods that may gently, or violently, sway the market’s delicate ballet. The dollar, a swaggering knight, re-emerges with newfound strength, while Treasury yields dance and flirt, coaxing traders to reduce their daring bets on the fireworks of future interest rates. The grand waltz of risk appetite falters, and poor BTC is caught in the tempest, vulnerable as liquidity thins faster than a designer perfume in a scandalous scandal. 💃💸
Speaking of chaos, this launch is just one of many XRP ETFs popping up like mushrooms after a rainstorm. Bitwise is joining the party on November 20, and a bunch of other big names are lining up behind them. It’s like Black Friday, but for crypto enthusiasts. 🛍️💸
Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507. Sighs What a rollercoaster! 🎢
The numbers tell a tale as sad as a dried-up riverbed. FLOKI/USD, once a sprightly colt, now limps at $0.0000555, down 1.44% after failing to muster the strength to climb above $0.0000660. The hourly charts paint a picture of defeat-lower highs, sharp falls, and buyers as scarce as rain in a drought. It’s a consolidative phase, they say, but it’s really just a slow dance with despair. 💃🕳️
