GBPJPY

Ah, the great puppeteers of the global stage! President Trump, with his golden mane aflutter, proclaimed a “tremendous” détente with President Xi, whose smile, one suspects, hides a thousand unspoken clauses. Tariffs, those pesky imps of trade, have been slashed-Fentanyl to a mere 10%, and the overall burden on China reduced from 57% to 47%. China, ever the gracious host, agrees to chat with Nvidia about chips, unshackle rare earth exports, and even lend an ear to the Ukraine saga. A thaw, you say? Or merely a theatrical interlude before the next act of this grand tragicomedy? 🍿

Hey, world! Bitcoin\’s most enthusiastic cheerleaders, Michael Saylor (MicroStrategy) and Robert Kiyosaki (a.k.a. “Why can\’t I teach this in schools?”), are here to tell us they’re still 100% confident the digital stock will hit $150K-$200K by 2025. Groundbreaking. 🚀

On Wednesday, Ethereum decided to take another stroll below the $4,000 level, dipping to a two-day low of $3,926. After a magnificent Q3 rally – which, let’s face it, felt like the best thing since sliced bread – the King of Altcoins has been struggling to hold onto that psychological support barrier, like a toddler clutching a security blanket. Despite trying to break through the $4,200 resistance, Ethereum has been stumbling, falling down, and getting up again (like Rocky, but less dramatic). 🥊

It appears the archaic world of Wall Street, with its bespoke tailoring and languid lunches, has been reluctantly nudged towards the flashing, pixelated realm of the blockchain. Securitize and BNY, in a gesture of cautious curiosity, have unveiled this STAC thing.

Bullish sentiment? Par ma foi, it’s a fountain! Institutional hoarding of XRP surges like a marquis’ pouffe overstuffed with intrigue. Cryptoquant, our esteemed friend, whisper-crowded us on Oct. 27: Evernorth Holdings, a gilded investment house funded by Ripple and crypto’s A-listers, now guards 388,710,606.03 XRP-a sum so grand, it’d make Louis XIV weep gratitude into his parsnip soup.

A few years ago, Europe strutted like a peacock, claiming leadership in crypto regulation. Today, that peacock’s feathers are looking a bit ruffled. 🦚→🐓 As global frameworks crystallize, the U.S. and EU are playing a game of regulatory tug-of-war, and Europe’s grip is slipping. 😬

In a world where cash is king but crypto is the court jester, Mastercard (MA) is eyeing Zero Hash like a prospector eyes a nugget. The card giant is deep in talks to snatch the blockchain whiz for a cool $1.5 to $2 billion, Fortune blabs, citing whispers from the know-it-alls. Seems Mastercard’s got a chip on its shoulder after Coinbase swooped in on BVNK, leaving them in the dust. 🏎️💨

Word from the CryptoQuant campfire is that Evernorth’s XRP stash is nigh on $1 billion, a figure that’s got the bigwigs tipping their hats in respect. JA Maartunn, the town’s sharpest number-cruncher, reckons Evernorth’s saddlebags are bursting with 388,710,606.03 XRP, just a stone’s throw from their billion-dollar bonanza. 📈 With unrealized profits of $46 million in four days, it’s like they’ve struck oil in their own backyard. Their average buy-in at $2.44 per XRP? Maartunn says it’s the kind of number that could make or break the market’s wagon wheel.

Meanwhile, inflows into spot Ethereum ETFs have resumed, a sure sign that institutional investors are finally taking this market seriously-after years of ignoring it, of course. 🤷‍♂️💸

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. How comforting to know our fate is dictated by a man with a spreadsheet and a PhD in despair. 📊😢