Bloomberg, that most solemn of scribes, reports Ripple’s grand design: a SPAC-fueled heist to siphon $1 billion into an XRP treasury. This digital Aladdin’s cave will hoard XRP as its primary asset, while Ripple, the magician, conjures funds through a SPAC. A fiscal ballet, one might say, though the audience includes only those who speak the language of volatility. 💸
Yes, behold the wisdom of CryptoQuant, as their metrics reveal that Bitcoin’s open interest variation has stumbled into a desolate wasteland, scoring a chilling negative 25-its lowest mark for 2025! This decline is akin to a rigorous spring cleaning of a house that didn’t even need it! But fear not, dear reader, for one must ponder: is this the dawn of a majestic resurgence or merely the darkest hour before an even deeper correction sweeps the floor?
Enter Julio Moreno, crypto’s version of a therapist who charges you in Bitcoin. In a recent X post, he declared $100,000 the next “critical level,” which sounds important until you realize it’s just a number we humans assigned meaning to, like how I think my toaster is sentient. Moreno’s fancy metric, the Bitcoin Trader On-chain Realized Price Bands, basically says, “If the price drops below this line, you’ll feel it in your soul.” Spoiler: My soul is already $5,000 in debt.
So, guess what? Beast Holdings, the operation behind Jimmy “MrBeast” Donaldson (the man who gives away cars like it’s a weekend hobby), is now dabbling in crypto. He’s filed a trademark for “MrBeast Financial” – and the crypto world is losing its mind. Well, probably.
According to the ever-vigilant BeInCrypto data, XRP leapt more than 4% in the past 24 hours, settling at a regal $2.38, rising from a measly $2.25 low on October 17. And for those keeping track, that was its most pathetic price point since the summer, when the birds were chirping and prices were soaring-sort of.
According to the sharp-eyed folks over at XRPScan (they don’t miss a trick, those lot), XRP’s “burn rate”-that’s the amount of XRP getting torched as transaction fees-plummeted from a chubby 616 XRP on October 17th to a measly 178 XRP on October 18th. That’s a drop of a whopping 71.26%! Talk about going cold turkey on burning, eh?
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Last Friday, the market trembled like a leaf in a storm, and this Friday, it continues its dance with the abyss. Behold the chart, a grim mural of despair, where BTC’s price wavers like a drunkard’s step. 🌊
October started as a farce and turned into a tragedy. Bitcoin, that digital Prometheus, soared to $126,000, only to be cast down by the gods of liquidity and leverage. Glassnode, those modern-day soothsayers, noted that Bitcoin “broke through the $114k-$117k supply zone,” a triumph as fleeting as a Russian summer. ☀️❄️
