In case you’re wondering, this report surveyed 122 hedge fund managers who collectively control a whopping $982 billion in assets. That’s a 17% year-over-year surge in crypto adoption. Looks like the mainstream finance world is finally starting to acknowledge that digital assets are here to stay… at least for now.
My First Bitcoin, the once-local Bitcoin education initiative sprouted in the vibrant, sun-kissed soil of El Salvador, has now dramatically cut ties with the country’s Ministry of Education. What’s the next big move, you ask? Oh, just a little pivot to global Bitcoin education. No biggie.
Ah, the siren song of DeFi yields! 🦜 A tantalizing 200% APY, you say? Sounds like a wizard’s promise in a world of boring 2% savings accounts. But hold your horses-or rather, your crypto wallets-because the numbers have a nasty habit of telling the truth. 🧮 And the truth is, half of retail investors end up with less gold in their pockets than they started with. Why? Because the math is a harsh mistress, and hidden costs are like the Discworld’s Auditors: they show up when you least expect them and take what’s yours. 💸
According to these so-called “experts,” the Z-Score is at 0.87, which is basically the financial equivalent of a shrug. Meanwhile, the USDT Z-Score has hit 3.87, a number so high it’s probably plotting a coup with the stablecoin. The Relative Z-Score is also playing the field at 3.0, because why settle for one drama when you can have two?
Ripple President Monica Long made a significant announcement. At the Swell conference in New York, she stated the company has “no plans or timeline” for an IPO. This means no intention for the short term. As a result, Ripple will not be participating in other crypto companies going public. A decision as thrilling as watching paint dry, but with more digital assets 💸.
In a 24-hour period mostly characterized by boredom with an occasional gasp of volatility, Stellar (XLM) clung to its modest decline, ending Nov. 7 at 14:00 with prices dropping from $0.2705 to $0.2702. Price action was confined to a narrow $0.0109 corridor-because apparently, even crypto prefers restraint.
The big scene happened when Bitcoin dipped below the seemingly indestructible $101,000 – a number as reliable as a weather vane in a hurricane. This triggered a chain reaction, like dominoes crying out for mercy, pushing prices down to a humble $99,200 before the market’s sense of self-preservation kicked in and pushed it back up to around $100,100. Not exactly a rollercoaster designed by a genius, but enough to make anyone who bet the farm consider growing vegetables instead.
With a flourish of regulatory ink and a dash of digital optimism, Kazakhstan aims to modernize its financial system-though one could argue it’s merely attempting to keep up with the rest of the world. 🌍
After what seemed like an eternity of monetary tightening, the Federal Reserve is giving us a juicy surprise – they’re talking about shifting gears from quantitative tightening to more rounds of quantitative easing (QE). In simple words: get ready for those money taps to open up again.
