After the $38 million showdown in November, Upbit’s posse has been riding hard, tracking every move of the black-hatted hackers. They spotted suspicious outflows, slammed the barn doors shut on deposits and withdrawals, and even gave their wallet infrastructure a shiny new saddle. But the bandits, sly as they come, keep slithering through the shadows. 🐍
With expectations leaning toward another rate cut, this is a week where every data point matters. 📊💸
Volatility? Possibly. But only in the way a sleepy cat flicks its tail-no real intent, just muscle memory. The so-called “event” of the week, the Federal Open Market Committee’s biweekly powwow on Tuesday and Wednesday, is poised to deliver a rate cut so timid-a mere quarter-point-it might as well apologize on arrival. The market, having already kissed this outcome passionately and drunkenly at midnight, is now ignoring it at brunch.
This shiny new license lets Binance waltz around in the ADGM’s ultra-serious regulatory system, which is known for having more rules than your aunt’s birthday party. Think strict oversight, crystal-clear rules, and enough investor protection to make even your grandma feel safe. It’s a big step in bringing crypto exchanges closer to traditional financial standards. Like, “Look, Mom, I’m responsible!” 🎓💼
In a surprising twist, XRP is supported above $2.00-probably bribed by the universe-and has managed to crawl above $2.020 and $2.050, entering that sweet spot of positive vibes. Because, who doesn’t love a good rally? 🤪
Bitcoin’s weekend swing didn’t just arrive-it sashayed in with steel-toed boots, stomping on leveraged traders like they were ants at a picnic. After teasing us with a dip toward $87k, it snapped back harder than a rubber band in a middle school classroom. Green candles? More like green fireworks 🎆, signaling that the big boys were done watching this circus from the sidelines.
All this excitement left both long and short traders in utter disarray, raising fresh concerns about the ever-delicate liquidity and the fragility of Bitcoin’s order books as it lingers above a tantalizing $91,000.
In the land of Ethereum, where upgrades are as frequent as a drunkard’s promises, the Fusaka upgrade arrived with much fanfare. 🌟 It expanded the network’s data and gas capacity, allowing blocks to carry more call data and rollup blobs. A marvel, indeed! Yet, the fees, like a cunning merchant, found their way to the L2 realm, offering a modest reprieve to the L1 gas costs. Onchain fees now dip below a single gwei-a pittance, really, for the privilege of dancing in the blockchain’s grand ball.
The new strategy, you see, proposes a rather… unconventional rearrangement of responsibilities. America, it appears, is growing weary of shouldering the burdens of its allies. A perfectly understandable sentiment, perhaps, though one that has sent murmurs of discontent throughout the corridors of power. It is framed, naturally, as a matter of fairness and shared responsibility, but one suspects a touch of fiscal pragmatism lies beneath the veneer of altruism.
Bloomberg ETF analyst Eric Balchunas, a man of discerning intellect, posited that Bitcoin’s recent decline is but a minor setback, a mere cooling of the embers that once burned brightly after its remarkable +122% ascent. “Assets, even the most volatile, are permitted to rest from time to time,” he mused, “and thus, the overanalysis of such fluctuations is, in my humble opinion, a most tiresome endeavor.” 📉
