In the latest episode of CNBC’s “Closing Bell: Overtime,” Tom Lee, the head honcho at Bitmine Immersion Technologies (BMNR), Fundstrat Global Advisors, and the Chief Investment Officer of Fundstrat Capital (does he sleep?), shares his optimism for the year ahead. Buckle up, this could be a ride-both literal and figurative.
On the twenty-fourth of October, Ripple completed the acquisition of Hidden Road, a brokerage of some promise, and has, with a flourish, renamed it Ripple Prime. Rather bold, don’t you think? This establishes Ripple as the first crypto firm to command a global prime brokerage, offering institutions direct access to XRP, Ripple USD, and RLUSD for settlements and as collateral. Such ease of access! One can only imagine the possibilities… and the potential for a decidedly brisk trade across the more than 300,000 FX derivative markets. Truly, a daring scheme!
On Friday, Pump.fun made the rather predictable announcement that they’ve snapped up Padre, the multichain trading terminal. And yes, it was for an undisclosed amount-because who needs transparency when you’re this successful? As part of their grand mission to “tokenize the world’s highest-potential opportunities,” they decided Padre was an obvious choice. After all, terminals like Padre have been “capturing most trading volumes in the ecosystem” for a year. How could they resist?
Currently, it’s at $2.49, having bounced off a low of $2.32. A decent little hop, sure, but don’t go popping champagne just yet. This move happened deep inside the lower half of the Bollinger Bands, which is about as comforting as finding a rat in your soup. 😬
Market watchers are holding their breath, wondering if this crypto Cinderella will finally get its glass slipper (or at least a 10% rally) or crash back down into the pumpkin patch. 🎃
In a tweet that could have been written by a sleep-deprived intern, Bit Origin announced its plan to mimic Strategy’s playbook. They’ll conduct a “DOGE-denominated private placement,” a fancy way of saying “we’ll take your money and buy more DOGE.” Saylor, meanwhile, might be rolling in his grave-or laughing. Either works. 💸
The team basically said, “We’re broke, y’all. Audits? More like au-don’t-have-the-money-for-that.” 💸💔
Behold, the sage Crypto Joe, whose wisdom is as rare as a stable market, hath charted thy path. A falling wedge, that sly serpent, hath coiled around thy price, tightening its grip with each lower high and lower low. Yet lo! At the moment of reckoning, thou didst burst forth, as if the heavens themselves had opened to greet thee. 📈 The volume, that fickle witness, hath roared in approval, a tempest of buyers heralding thy ascent. 🌪️
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