Crypto’s Rough Day 😬

Oh, just a casual $1.2 billion in leveraged positions. Small potatoes, really. 🙄

Oh, just a casual $1.2 billion in leveraged positions. Small potatoes, really. 🙄

XRP’s network activity has plummeted, darling. In fact, it’s crashed harder than my attempt to cook Thanksgiving dinner. On-chain data shows that XRP’s payment volume has nosedived by nearly 90% from its October peak. Yes, you heard that right-90%. A small consolation, however, is that it’s now resting comfortably at a mere 200 million XRP. What a comforting number. Truly.
On Nov. 3, Currenc Group (Nasdaq: CURR) unveiled its grand plan: to swallow Animoca Brands whole in a reverse merger that’s slated to close in 2026. Because why build a empire when you can just merge into one? 🚀

Whales are waking up, folks! Balances are dropping faster than my patience at a family BBQ. Traders are probably gearing up for a rocket – or a really expensive fumble.

In their very humble press release, the firm mentioned they had boosted their cash reserves to $389 million (up from a measly $305 million) while casually stating that they plan to acquire 5% of Ethereum’s circulating supply. Well, nothing says “confidence” like buying up all the ETH in sight, right? 🤑
Donald Trump, never one to mince words (or facts), recently declared that while he wouldn’t invite Cuomo to a backyard BBQ, he’d still pick him over Mamdani, whom he compared to a “used car salesman for the Bolsheviks.”
This experiment was part of Brazil’s Drex CBDC project, basically the blockchain version of “Netflix and chill” between Brazil’s Drex network and Hong Kong’s Ensemble platform. 🌐✨ Think of it as a dating app for blockchain networks-except instead of swiping left, they’re swiping data.

In a dramatic twist worthy of a Parisian opera, the SEC now contemplates the Grayscale Hedera Trust ETF. 📜🎭 Rumor has it Paul Atkins, that architect of standards, might wave his wand by November 12! 🪄📅 But let us not forget: in this theater, hope is the lead actor, and reality? Merely a stagehand. 🎭💸

Followed by a series of tepid attempts to regain charm-oh, the tragedy of $0.205 rejected-our dear meme coin seems content to shuffle back and forth like a no-good actor in a play nobody asked for. Technical analysts, those hopeful prophets, whisper tales of grandeur once this slow decline finally, mercifully, ends. Or so they pretend. 🤷♂️

The market is feeling particularly bearish, folks. According to CoinGlass, the long-to-short ratio for ADA is now sitting at a dismal 0.75, the lowest we’ve seen this month. That means more traders are betting on ADA to fall further-because who doesn’t love a good underdog story, right? 😒