Do you recall, in the halcyon days of 2021, when China’s government laid down its infamous edicts against Bitcoin trading and mining? The creativity of the market faltered, the Hasrate cried like a forlorn lover, and mining sought refuge in far-off lands. Let the annals of history remember: China was the belle of the Bitcoin ball before the ban, enviably courting the lion’s share of global mining efforts.
But apparently, there are people-professionals, even-who think it might bounce back. Like, maybe. The whole thing feels…optimistic. Which, as we know, is often a precursor to disappointment.
Hunter Horsley, CEO of Bitwise, announced with the solemnity of a Soviet bureaucrat that Matt Hougan, their CIO, had lectured over 2,000 bank advisors-men in pressed suits who, until yesterday, thought Bitcoin was a type of exotic coffee. Ah, progress! The bankers leaned in, ears perked like pigeons spotting breadcrumbs.
Things like DEX volume, daily users, and transaction counts weren’t just dipping; they were practically plunging through November. It was like watching someone try to skateboard on ice – inevitable and a tad bit tragic.
This Myriad, see, they’re claimin’ to be makin’ waves in this newfangled world of “prediction markets”. They say they’ve done surpassed $100 million in USDC tradin’ since they sprung into existence. Why, in just the last three months they claim to have grown tenfold! Tenfold, I tell ya! Makes a feller wonder what folks are bettin’ on – whether the price of hogs will rise, or if old man Hemlock’s mule will finally win a race.😜
The wise and the foolish alike anticipate that the Federal Reserve, babes in the woods about true economic stability, might cut rates by a humble 0.25%. The global liquidity-an ocean of money-rises like bread dough, making the masses believe that the tide may turn in favor of Bitcoin. Polymarket and Kalshi, those digital sages, have increased their bets, as if their fortunes depend on a tiny interest rate shift that might-or might not-happen next month.
From November 14 to 17, the Bitcoinist crew (yes, that’s us) braved the crypto circus, armed with microphones and a healthy dose of skepticism. 🎤🤡 We chatted with influencers, CEOs, and people who probably haven’t slept since 2021. 😴
That shiny thing, the Bitwise XRP ETF, officially started strutting its stuff under the cryptic ticker “XRP” on November 20th-right in the middle of a blockchain storm. Of course, the management fee is a modest 0.34%, but wait-Bitwise was feeling generous: waived that fee for the first month on the first $500 million in assets under management. talk about a party! 🎉
In the digital agora, a sage named SMQKE has cast a stone into the pond of discourse. With a flick of their quill, they reveal the folly of those who claim XRP is but a wanderer in the desert of finance, untethered to the rivers of payment. A cursory glance, they say, is enough to expose the charade. XRP, it seems, was not born of whimsy but forged in the fires of necessity, a tool to mend the fractured arteries of global money flow. 🛠️💼
In his Monday X post (X = Twitter, because that’s how we’re living now), Check basically said, “No chance we’re ever going to agree to freeze Bitcoin that isn’t moved to quantum-resistant addresses.” Translation: all that Bitcoin just sitting there, untouched for years? Yeah, it’s going to flood the market when quantum computers inevitably break into those old addresses. Oops! Too bad it was your grandma’s retirement fund.
