On a Wednesday that’s likely to be remembered in crypto circles, Madam Pornanong Budsaratragoon, the SEC’s sharp-witted secretary-general, let the cat out of the bag: they’re makin’ room for more than just BTC. 🚀
At the Token2049 bash-where wizards and wizards-in-training gather to swap spells and strategies-Tether’s chief enchanter, Paolo Ardoino, spilled the beans: Rumble’s about to unveil a crypto wallet forged in Tether’s mighty forges. This contraption will cozy up to USAT, granting Rumble’s 51 million monthly warriors (mostly hunkered down in the U.S.) a straight shot at the stablecoin goldmine.
Aster has captured the majority of this activity, even surpassing established players like Hyperliquid. Despite this, one analyst maintains that Hyperliquid remains the ‘most investible’ perp DEX in the market. 🤯
Oh, Pump.fun (PUMP), you cheeky little token! You’ve skyrocketed a whopping 36% this week, now flirting shamelessly at $0.0068. Blame it on those pesky investor inflows turning all bullish and flirty, like a sudden crush at a crypto party. 🙄💃
This smashing rally has more fizz than a champagne bottle at a wedding, fueled by network activity that’s sprouting faster than Auntie’s prize roses – and technical wizardry that’s making the graphs do a little jig. Sarcasm aside, it’s quite the performance, wouldn’t you agree?
In a statement that probably made the markets twitch like a hyperspaced hitchhiker, Morpho plans to launch stablecoin lending markets on the Cronos blockchain, with vaults popping up this year faster than you can say “Douglas Adams would approve.” Users can deposit wrapped Ether or Bitcoin and borrow against them, earning yield in a delightful dance of digital alchemy. Because why leave the planet when you can strut your stuff right here? 🌌🚀
Oh, and on the day Bitcoin ( BTC) decides to hit a sky-high $120,000 for the first time since August (like who wasn’t waiting for this?), those privacy coins swoop in like they own the place. Zcash (ZEC) decided to flex its muscles, rocketing up by more than 20% on Oct. 2, only to do a dramatic retreat to $132. It’s like the stock market version of a Broadway show-lots of drama for a not-so-fortunate finale! 🎭
The ETH price pump has basically copied BTC’s catwalk walk, which in turn has been playing spoiler to gold’s old-money polish. The broader crypto mood is bullish enough to make you want to buy a fluffy scarf with your profits, and about $470 million was liquidated from leveraged traders in the last 24 hours. Ouch, darling. 💸🪙
Take a gander at the recent 1-hour chart-after sinking to a pitiful $0.63 earlier this week, buyers jumped in like it was a Black Friday sale, bidding the price back up. Higher lows, higher highs, all the classic signs of a classic rally. But then again, what’s a rally without a price drop to make it interesting?
In an interview with CryptoMoon at Token2049 in Singapore (where they must’ve been drinking something strong 🍸), Kunz predicted that exchanges, as we know them, will slowly morph into mere frontends for DEXs. “I think it will take like five to 10 years,” he casually remarked, probably while sitting in a comfy chair and sipping some crypto-infused tea.
