Crypto news

Here’s the skinny on why the first week of December might just be the day traders’ version of a horror movie. Spoiler: it’s not a happy ending for shorts.

This story isn’t new. In 2017, spiraling companies like the infamous “Long Island Ice Tea Company” rebranded to the “Long Island Blockchain Co” and saw their stock price rocket 300 percent. Their experiment, like the many copycats they spawned, ended in disaster. In the five years since Strategy hard-launched the digital asset treasury model with an initial purchase of 21,000 Bitcoin (BTC), some 200 other DATcos have followed suit. 🎭

Solana meme coins are dying faster than a revolutionary’s hope in a gulag. The volume has hit a two-year low, and $SOL is down 7% after a 31.45% nosedive in the last 30 days. Ouch. 😣

The question gnaws at the soul: Does this mark the beginning of annihilation, or a fleeting shadow before the dawn?

Sony, that paragon of innovation, has unveiled its latest scheme: a U.S.-dollar stablecoin to streamline payments across gaming, streaming, and anime platforms. How very 21st century. According to Nikkei, the bank applied for a U.S. banking license back in October. Furthermore, it will have a subsidiary in charge of issuance and compliance. The bank has partnered with Bastion, a US stablecoin infrastructure provider to ensure smooth operations. One can only imagine the excitement of the PlayStation community as they embrace this digital revolution. 🎮

Apparently, BMNR has a thing for mimicking Ethereum’s weekend drama. It’s like that friend who always orders what you order but then complains about it. 🍷🤦‍♀️

Michael Saylor’s Sunday mood swing from orange to green has Bitcoin Twitter in a tizzy.

Bitcoin’s price dropped below $87,000 after a short-lived try to reach $90,000, causing significant losses across the cryptocurrency market and wiping out almost all of the previous week’s profits.

So, HashKey is the big kahuna in Hong Kong crypto…but their IPO papers? A tragedy! A comedy of errors! It shows they’re PAYING through the nose for this “success.” Honestly, you’d think they were giving the crypto away with a nice side of latkes!

The Spectacular Illusion