Between Nov. 24 and 28, Zurich became the stage for this operatic raid, where servers were raided like a butterfly collector trapping ephemera, the Cryptomixer domain usurped, and replaced with a law-enforcement banner that likely left users gasping in existential horror. One can only imagine the chaos: “Wait-my dark web drug purchases are now framed by a gavel?!”
Dear reader, if you thought the CoinDesk 20 Index was a rollercoaster, you’ve clearly never seen it try to parallel park. The index is currently trading at 2768.6, which is up 2.7% since Monday at 4 p.m. ET. For context, that’s like your morning coffee spiking from 80% to 82.7% strength-still weak, but technically an improvement.
Falcon, that universal layer that strives to turn on-chain liquidity into a glittering fountain of yield, has gone beyond the familiar shores of the U.S. Treasury. Now it embraces CETES-those little paper notes of Mexico’s government, now in digitized form-and provides investors with a taste of sovereign yield from a land of mariachi and maracas, all while prancing within the digital realm. Truly, it’s a curious mix of the old-world sovereign debt and the new-world crypto playground. Who knew sovereignty could be so decked out in blockchain bling?
Daily chart? Bearish. Lower highs, lower lows-it’s like a sad country song. November’s price action? A red candle so big it screamed, “Sell! Sell! Sell!” near $91,000. Bounce from $80,537? Cute, but it fizzled out faster than my New Year’s resolutions. Volume’s up on the latest red candle, meaning sellers are having a party while buyers are stuck in traffic. 🚗💨
On the street corners and shouting halls, Dorman notes that everything else-stocks, gold, even bonds-is behaving like good, obedient children, reaching record heights thanks to the Fed’s rate cuts, the end of QT, and a consumer spending spree that would make a king blush. But crypto? Nope. It keeps sinking, refusing to play the game. It’s like the crypto assets are the stubborn mules in the parade-despite everyone saying “All is well!” they keep pulling back. “MSTR isn’t selling, Tether isn’t broke, NVDA isn’t exploding into fireworks, and yet, crypto is sliding into the mud.” And here he is, blinking in the sunlight, admitting, “I still have no idea why crypto is down,” as if that’s some kind of punchline. 😂
Of course, this fresh endorsement comes at the most opportune time for retail investors, who are currently holding the bag as they see their Bitcoin ETFs sink faster than a stone in a pond.
And yet, amidst this apparent decline, there are murmurs of hope, faint as they may be. Technical signals, those arcane scribbles of the financial soothsayers, hint at a stirring of strength among the buyers. Traders and analysts, their eyes glued to charts as if to the pages of a sacred text, await the confirmation of a trend’s reversal. Will it come? Only time, that implacable judge, will tell.
Imaginez, si vous le pouvez, ces grands messieurs du commerce réduisant leurs ambitions pour 2025, bâtissant une réserve d’argent de 1,44 milliard de dollars, comme si cela allait apaiser la tempête volcanique des cycles de trésorerie de notre cher Bitcoin. Ah! La sécurité de leur précieux, voilà qu’elle devient aussi fragile qu’un château de cartes dans un ouragan. 💸🌪️
Ah, Canada-land of maple syrup, polite apologies, and now, a stablecoin framework that’s more plumber than policeman. Scotiabank, ever the voice of reason, argues that Ottawa’s proposed rules are less about crypto crackdowns and more about modernizing digital cash. It’s like giving your grandmother’s antique clock a new battery-still ticks, but with a bit more flair. ⏰
The Federal Reserve injected $13.5 billion into the U.S. banking system through overnight repurchase agreements, according to data shared by financial analytics firm Barchart. 📊