Cryptonews

In an act of bureaucratic wizardry, Alchemy Pay has decided to upgrade its Hong Kong license-because who doesn’t enjoy a good upgrade now and then? This bold maneuver enhances their ability to provide crypto trading services, which essentially means they’re now officially recognized as a bridge between traditional finance, those dusty old relics, and the shiny new world of digital assets. Finally, everyone can trade virtual assets in a safe environment, assuming they remember their passwords and don’t accidentally send everything to a cat meme account.

Imagine a place where the protocol’s own earnings become the lifeblood of an ecosystem-a carnival of revenue that replaces the old, relentless monsters of inflation. Midnight says: “We will profit, we will buy our own NIGHT, we will not rely on endless delegations.” It’s a coup against gatekeepers of perpetual token emissions.

Now, as the financial gossip goes, whispers of capital making a dramatic exit from gold into the glittering world of Bitcoin have emerged-or so we thought. New data, however, suggests that both assets are having a bit of a crisis, akin to two friends who just realized neither of them knows how to dance.

The CFO, Simon McWilliams, with a straight face, declares that KPMG was selected through a “competitive process,” as if the choice were not as obvious as a bear in a ballroom. “The Big Four Firm,” he intones, “was chosen because the organization is already operating at Big Four audit standard.” One wonders if this is a statement of fact or a plea for credibility.

He observes with an eyebrow raised and a smirk barely contained, that the S&P 500 is dancing a waltz of bearishness, leading our beloved Bitcoin into a deeper abyss of correction. Imagine, if you will, the S&P versus BTC as two boxers, but only one seems interested in winning the fight.

Ah, XRP, once again teetering on the precipice of destiny, its price a mere $1.36, a number that whispers of uncertainty. The daily chart, a canvas of despair, paints a bear flag-a pattern as reliable as a Chekhovian protagonist’s downfall. Below the moving averages it lingers, a guest unwelcome at the feast of prosperity.

The Kobeissi Letter pointed out that the market index has been lower than its record high for 100 days in a row – the longest period of decline since 2023.

Axel Adler Jr., that astute observer of financial follies, declares in his Morning Brief that the US spot Bitcoin ETFs have devoured 62,986 BTC-a sum so vast it could make a tsar blush. $11.3 billion in net inflows, they say! And yet, the price of BTC lingers near $70,000, as if caught in the grasp of some invisible, bureaucratic hand. Oh, the irony! The institutional appetite grows, yet the retail heart still quivers with fear.

Silo v3 features a new system that safeguards lenders, even if collateral can’t be quickly sold on decentralized exchanges. This update separates the ability to repay loans from needing to instantly sell collateral, allowing lending markets to grow based on the actual value of assets, not just how easily they can be traded. This is a significant change from how most DeFi lending platforms currently work.

So, Ethereum decided to channel its inner Bridget Jones, complete with emotional rollercoasters and questionable life choices. After failing to stay above $2,150 (classic overthinking), it dove below $2,120 and $2,080, landing squarely in the “bearish zone.” Yes, that’s a thing, and no, it’s not a cozy winter retreat.