NYDIG is calling time on what it says is one of crypto’s most persistent myths: that stablecoins are pegged to the U.S. dollar. (Or, as I like to call it, “the digital equivalent of a chocolate teapot.”) 🍫
Short answer: probably the latter. With all signs pointing to bearishness and a few whisperings of a slight bounce, traders should probably sit tight and sip their coffee-or panic quietly, either way.
It all kicked off when some bright spark pointed out that folks are so dazzled by Ripple’s billion-dollar shenanigans and their highfalutin partnerships with financial bigwigs that they clean forgot a public ledger oughta stand on its own two feet. Imagine that! A ledger with its own spine-what a novel idea! 😏
On the 18th of October, Mr. Kesmeci took to X (formerly Twitter) to regale us with a series of on-chain signals so profound they could make a stoic Greek philosopher weep into his ouzo. The Fear and Greed Index, that most melodramatic of financial barometers, has plunged into the “extreme fear” territory, a place where even the most bullish investor might pause to reconsider their life choices. Yet, as Mr. Kesmeci astutely observes, such moments of collective dread are often the prelude to a market bottom, not unlike a thunderstorm preceding a particularly enthusiastic sale at Harrods.
While most altcoins meander through the week like confused travelers, their weekly journeys reveal a more tumultuous tale, painted in shades of despair and resignation.
Announced on the fateful day of 17 October 2025, this agreement sees Fragbite – a Nasdaq First North-listed Swedish gaming and esports entity, no less – clutching its modest stash of 19.75 BTC and dreaming of the day it amasses 100 BTC by the year’s end. Lo, roughly 80 BTC shall be purchased through Safello’s platform in Q4 2025. A truly Herculean task, indeed. 💪
Tempo, a project so ambitious it makes even the angels in Stripe look like mere mortals, is venturing into the realm of blockchain payments. And oh, how they’ve scraped together a handsome bag of money-$500 million-note that it’s practically a small kingdom in the crypto universe. This round, led by Joshua Kushner’s Thrive and Greenoaks, hints that perhaps the gods of Wall Street and Silicon Valley have finally decided to take blockchain seriously-after all, what’s a little decentralization between friends?
In the fertile lands of ambition, the esteemed family office of Arthur Hayes, known to the world as Maelstrom, endeavors to raise an exorbitant sum well exceeding $250 million. This venture, suprisingly magnanimous, heralds the establishment of an aggressive private equity fund.
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. 💸
