From November 14 to 17, the Bitcoinist crew (yes, that’s us) braved the crypto circus, armed with microphones and a healthy dose of skepticism. 🎤🤡 We chatted with influencers, CEOs, and people who probably haven’t slept since 2021. 😴
That shiny thing, the Bitwise XRP ETF, officially started strutting its stuff under the cryptic ticker “XRP” on November 20th-right in the middle of a blockchain storm. Of course, the management fee is a modest 0.34%, but wait-Bitwise was feeling generous: waived that fee for the first month on the first $500 million in assets under management. talk about a party! 🎉
In the digital agora, a sage named SMQKE has cast a stone into the pond of discourse. With a flick of their quill, they reveal the folly of those who claim XRP is but a wanderer in the desert of finance, untethered to the rivers of payment. A cursory glance, they say, is enough to expose the charade. XRP, it seems, was not born of whimsy but forged in the fires of necessity, a tool to mend the fractured arteries of global money flow. 🛠️💼
In his Monday X post (X = Twitter, because that’s how we’re living now), Check basically said, “No chance we’re ever going to agree to freeze Bitcoin that isn’t moved to quantum-resistant addresses.” Translation: all that Bitcoin just sitting there, untouched for years? Yeah, it’s going to flood the market when quantum computers inevitably break into those old addresses. Oops! Too bad it was your grandma’s retirement fund.
They’re in bed with Naver now-a lovely South Korean internet giant-merging faster than you can say “regulation,” and supposedly this week. Classic move-just do the deal, hope the market doesn’t crash tomorrow, and then go public.
Revolut’s Wild Ride to a $75 Billion Valuation-Hold onto Your Wallets! 🚀💸 What to know: Revolut, the fintech darling, just tossed its hat into the giant ring and hit a hefty $75 billion valuation. Yes, billion, with a ‘B’. The secret? A secondary share sale led by some big-shot funds that probably sip whiskey in … Read more
Meanwhile, our dear banks are shining with newfound enthusiasm for lending in November-how delightful! Mr. Hayes, ever the optimist with a pinch of caution, ventures that Bitcoin, that capricious darling of speculation, may dance below the prestigious $90,000 mark, possibly even taking a dip into the charming low $80,000s-how very dramatic! Yet, worry not, as he truly believes that the formidable $80,000 level shall remain unshaken, standing firm like Jane Austen’s favorite manor.
Looking at the four-hour chart, one notices that Bitcoin found some semblance of steadiness at the $82,600 mark-a humble support, not exactly the fortress one might hope for. Having previously broken through a major trendline, it was imperative for the price to come back and see if the ground beneath would hold. Luckily for those with nerves of steel, it did. Yet, beware-the line may yet be crossed again, and this fragile peace might be but an illusion. A retest of this level is likely, much like knocking on a door that might or might not open. 💥
Bloomberg whispers-as if through a fan in a stuffy parlor-that Bitkub plans to raise a modest $200 million in a Hong Kong IPO. 📰💸 Founded in 2018, this young upstart trades $66 million daily, a sum that would make even a Chekhovian landlord blush. 📈😏
A Tale of Two Empires
