Mark my words, dear reader, a seismic shift-or should I say, a theatrical upheaval-is upon us! More than 30 cryptocurrency exchange-traded fund (ETF) applications have flooded the U.S. Securities and Exchange Commission (SEC), a deluge so absurd it rivals the plots of my own comedies. Institutional interest, they say, is expanding-or perhaps, simply losing its wits! 🌪️
The SEC’s commissioners took a stroll down opposite sides of the road last week, all thanks to a new no-action letter from the agency’s Division of Investment Management. This letter says registered investment advisers and regulated funds can keep their precious crypto assets with state-chartered trust companies, as long as these companies are following the law – or at least pretending to. Oh, and they tossed in a little clarification on how custody rules from 1940 apply to digital assets. A nice little gift wrapped in 80 years of bureaucracy.
Analysts at The Kobeissi Letter are busy pointing out the bizarre tango between gold and the S&P 500 – a record 0.91 correlation coefficient in 2024. In other words, safe-haven gold and risky stocks are suddenly in sync. What’s that mean? Markets have zero faith that the Fed can keep the dollar afloat while also saving the economy. So what are investors doing? They’re diversifying like never before – into, well, *everything else.*
According to the soothsayers at Defillama.com, between Oct. 4 and Nov. 4, 2025, a billion dollars’ worth of crypto tokens will be freed from their digital dungeons. These projects, with their locking periods and vesting schedules, are like overprotective parents, shielding their coins from the harsh world of trading and selling. But alas, the time has come for these tokens to stretch their legs and face the merciless market. 🦵💸
Starknet, those clever conjurers of the Layer2 realm, have unleashed a frenzy of novelties: Bitcoin staking, an eye-watering 100 million STRK incentive, and a BTC yield product so institutional-grade it might just wear a suit and tie. The revolution never smelled so sweet.
The world, as we all know, is currently experiencing a slight flurry of interest in the whole “companies hoarding bitcoin” fad. It’s a bit like collecting bottle caps, only with significantly more existential angst. OranjeBTC is determined to be at the forefront of this, even though it remains unclear *why*. They’re aiming to be the go-to place for institutional investors who suddenly decide they need a convenient proxy for the wonderfully volatile world of bitcoin. A truly sensible plan. 🤔
Ah, the US government shutdown: a splendid excuse for investors to bail on the dollar like it’s a malfunctioning hyperspace drive. Safe-haven assets like gold and Bitcoin became the cool kids on the block, as folks braced for the USD’s dramatic deflation into oblivion. How pedestrian!
Bitcoin, that mischievous digital darling, reached a new all-time high on Sunday morning, soaring to a smidge over $125,700 on Coinbase, according to Tradingview. That’s right, it’s raining satoshis, and everyone’s got their buckets out! ☔💸
MYX must defend the $2.3 support zone to prevent increased bearish control and deeper price declines. Spoiler: The bears are already drafting their victory speeches. 🐻
So, what’s the deal? On October 3rd, Bloomberg, as usual, spilled the tea on this monumental effort, revealing that Tether and Antalpha-who clearly have an affinity for big numbers-are looking to raise a princely sum of at least $200 million. And all that cash? It’s going to be used to buy XAUT, Tether’s golden child of digital currency.
