Crypto news

The legal fallout from the Terra collapse widened again this week, a spectacle that would have astonished no one who has watched the light on a clock face for too long. The Wall Street Journal reported on Dec. 18 that the court-appointed administrator overseeing Terraform Labs’ bankruptcy has filed a $4 billion lawsuit against Jump Trading and two of its senior figures in U.S. federal court. A novel twist in a story that already reads like a ledger in mourning. 😅

From an April low of $75,000 to an early October high of $126,000, Bitcoin moved about 68%. Nvidia, with its reckless 120% swing from $94 to $207, looks like a drunkard staggering home. The numbers scream of volatility’s brutal caprice, a carnival of madness in this year of our Lord. Yet, whispers grow louder: Bitcoin’s serenity might just be a façade, a fleeting illusion amidst the chaos of human greed and folly.

The U.S. Federal Reserve, that austere arbiter of interest rates, hinted at a pause in their rate-cutting spree, a move that sent risk-takers scurrying for cover like children avoiding a thunderstorm. “Brrr, mustn’t get too cozy with risk,” they muttered, clutching their portfolios tighter than a miser with a piggy bank. 💰

Let us not forget-this paltry offering amounts to around $120 million, a tidy sum indeed by current valuations! The aim? To forge alliances with the titans of both centralized and decentralized realms, securing a place for USD1 at the high table of finance. Who knew the road to riches was paved with partnerships?

Just when you thought crypto fraud was the new avocado toast of crime, the FBI swoops in like a boss to shut down E-Note, the alleged “dry cleaner” for dirty digital dollars. 🧺💸 Because nothing says “I’m a criminal mastermind” like using a service called E-Note. 🤦‍♀️

Key takeaways:

To the dismay of the bulls, crypto markets continued with their whipsawing action again on Thursday, with large early gains being more than reversed over a very short time frame. Because nothing says “I’m a thrill-seeker” like a rollercoaster that’s going nowhere. 🎢

Despite pockets of optimism, akin to a man expecting a rain shower in a desert, the network activity remains as lively as a doorknob at a funeral. 🌧️

They’re channeling all the history vaults, saying the upcoming altcoin ETF could be the hottest thing since sliced bread-if bread were actually volatile crypto assets. 🍞💥

The broader market, too, has been in a most unsteady state, with Bitcoin’s capricious behavior adding to the general air of distress. One can scarcely imagine a more trying circumstance! 😓