PeckShield, via the medium of X (formerly known as Twitter, which, for the record, was already a fairly strange medium), alerted the populace to HyperVault’s little disappearing trick. Apparently, someone wasn’t feeling the joy of auto-compounding vaults anymore. Which, frankly, is understandable. Auto-compounding sounds exhausting. They absconded with a sum that would make a reasonably ambitious space program pause and reconsider its budget.
On an unassuming Friday, the hallowed architects of finance, UK Finance themselves, unveiled their live pilot-a dramatic foray into the realm of tokenized sterling deposits. Representing over 300 disgruntled or hopeful financial firms across this fine nation, the master plan aims to breathe life into the realm of digital commercial bank money. With a timeline stretching until the illustrious year of 2026, this cinematic journey seeks to enthrall audiences with themes of speed, transparency, and an astonishingly heightened sense of fraud prevention surrounding the mystical world of UK payments.
This week’s Crypto Biz (a title that drips with the sort of earnestness one expects from a second-rate financial newsletter) regales us with tales of Morgan Stanley’s grand plans, Jamie Dimon’s feigned nonchalance, and the CFTC’s bureaucratic noodling. Oh, and Michael Saylor, that indefatigable optimist, assures us Bitcoin’s bull market is far from over. How reassuring! 🐂💹
But hold your horses! The data says this dip might just be the market maturing like a fine wine. It’s not crashing, it’s just resetting its fancy leverage. Phew, right? No apocalypse in sight!
Bitcoin is teetering on the edge of a cliff, or at least the “support” range. Maybe it’s a relief rally? Or maybe it’s just a trick of the light. Who knows? The bears are probably watching from the sidelines with popcorn. 🐻
The mighty Bitcoin’s been feeling a bit under the weather lately. After taking a 6% dive last week, it briefly dropped below $109,000. Naturally, the usual suspects, like economist Peter Schiff, are jumping at the chance to say, “I told you so,” and declare Bitcoin officially in a bear market. But let’s not get ahead of ourselves, folks.
Behold the PIPE, that sly serpent in the grass, offering discounted shares with a wink and a promise. But lo! When the time comes to sell, the market roars like a beast unleashed, devouring the hopes of the unwary. A stock soars to the heavens, only to plummet like a stone, leaving investors gasping in the dust. 🚀💥
According to a report from Crypto In America, fresh out of the oven on September 26, this sudden shift is apparently a response to an insatiable client demand and, naturally, the ever-evolving regulatory landscape. So much for holding the line, eh? Perhaps it’s time to dust off those old “Crypto is a fad” speeches.
The Canary Marinade Solana ETF, a creature both sly and sweet, is an exchange-traded product that issues shares upon the sacred Cboe BZX Exchange. Its primary ambition? To mirror the price of SOL held by the trust. But lo! A secondary ambition: to earn additional SOL through staking, as if the network itself were a benevolent patron bestowing gifts upon the worthy. The ETF calculates its net asset value (NAV) using the CoinDesk Solana pricing benchmark, a number so precise it makes a Swiss watchmaker weep.
Lo, the 4-hour chart reveals a descent so prolonged, so agonizing, that even the most stoic must avert their gaze. The price, once buoyed by the $200 horizontal support-a pillar of false hope-crumbled beneath the weight of despair. Yet, a flicker! A potential double bottom emerges, two green arcs like the trembling hands of a penitent sinner. And mark this: the RSI, that oracle of momentum, whispers of bullish divergence! A divergence so profound it last occurred in January, when hope was young and the market still believed in fairy tales. 🤭📉
