Bitcoin’s $100K Rollercoaster: Institutions Are In, Miners Are Out 😅

Since mid-August, Bitcoin’s on-chain activity has been a theater of contradictions-a grand opera where resilience battles weakness in an eternal duel. Delta Cap, standing tall at $739.4 billion, serves as Bitcoin’s valuation floor, while the Coinbase Premium Gap gleams at +11.6, a testament to U.S. institutional fervor. Ah, institutions-those modern Medici families-are buying with gusto! Yet, beneath this glittering façade lies volatility, ever-present and mischievous. Despite its wobbles, Bitcoin remains perched above $100K, signaling conviction among investors who seem to believe they’re holding tickets to financial salvation. 🎟️

UK Crypto Tax: The Maze That’s Driving Investors Mad!

In a BeInCrypto podcast, Susie Violet Ward, CEO of Bitcoin Policy UK, warned that the country’s current tax and regulatory policies seriously threaten the crypto industry. As she sees it, without urgent reforms, these rules risk permanently reversing the industry’s growth in the UK. 😬

🇯🇵 Gumi’s $17M XRP Gamble: Ethereum Who? 😏

While the rest of the world was busy fawning over Ethereum like it’s the prom queen of crypto, Japan was quietly plotting its own moves. 🇯🇵🤫 Because, let’s face it, Japan does things differently. Like eating sushi for breakfast. Or investing in XRP when everyone else is shouting “Ethereum!”