Ah, the former mayor, Eric Adams, has once again stirred the pot with his latest venture: the NYC token. On X, he proclaimed it would “fight the rapid spread of antisemitism and anti-Americanism”-a noble cause, to be sure. The token surged to a lofty $600 million market cap, only to plummet below $100 million with the grace of a falling feather. 🪶📉
In a shocking twist that could only be described as “slightly inconvenient,” the LISA token found itself nosediving to depths that would make a submarine envious, all in the span of less than 24 hours. The poor project team now finds themselves under the withering scrutiny of their bemused and aggrieved supporters. A veritable soap opera, if you will! 🎭
It seems the firm is busy juggling digital assets like a drunken juggler at a medieval fair. As part of its review process, the investment manager updates its product catalog around 15 days after the end of each quarter. Because nothing says “we’re serious” like a 15-day delay. 🕒
It fed the fires at bull peaks and kept coaxing Bitcoin through brutal drawdowns and long, grinding consolidations. The result is a ledger where the average cost climbs morale-high to about $75,000, not because the market sang, but because the workers kept adding despite the cold. 🔥
Prime Minister Anutin Charnvirakul, bless his cotton socks, has told the regulators to get their act together and start policing gold dealers, crypto platforms, and currency exchanges like they’re herding cats. 🐱 Or, more accurately, herding “grey money”-which sounds like something a particularly shady wizard would conjure up in a back alley. 🧙♂️⚫
According to CoinShares-yes, that’s a real name, not a pirate’s treasure map-the early-week gains of $1.5 billion were about as stable as a Jenga tower after a few glasses of wine. By the end of the week, it was all just a pile of wooden blocks and shattered dreams. 🧱💔
Enter, with a twinkle in his eye and a chart in hand, the estimable CRYPTOWZRD, a fellow whose sartorial elegance (were he to don a waistcoat) would put the very Duke of Westminster to shame. He beholds the XRP chart with the joy of a man who’s just discovered that the butler is not, in fact, the villain. “By thunder!” he ejaculates. “This setup is as familiar as a monocle in a toff’s pocket. Notice the sideways frolicking-pardon my language!-that has been going on for nigh on a year. It’s a precisely reductive dance of accumulation, like a country gentleman pacing the bounds of his estate, ready to break into a gallop the moment the peer of the realm permits.”
Bitcoin, predictably, had a little existential crisis and dipped. Thankfully, it found a safety net around $90K. It wasn’t a complete disaster, thankfully, but it did highlight how utterly reliant this whole enterprise is on what moody central bankers happen to say.
Ripple, in a very dramatic letter to the SEC Task Force (Jan. 9), insists crypto regulation should be based on “actual legal obligations” instead of “speculation, trading behavior, or whatever that decentralized thing is.” Because, obviously, the SEC should care more about contracts than people trying to get rich quick. 🙄
XRP is hot again after Binance’s top trader metrics revealed a heavy bias: 76.16% of the best accounts are holding long, with only 23.84% still betting against it. The long/short account ratio has shot up to 3.19, which is one of the most bullish positions in months. A fever dream of crypto euphoria. 🌡️
