Crypto news

Oh, just MetaMask’s clever little scheme to tie rewards to the Linea Layer-2 network. You’ll get points for doing the usual on-chain stuff-swaps, bridging, and, yes, probably clicking buttons at random. But hey, they’re calling it a “reward system,” so it sounds nice. These points are supposedly paving the way for the rumored airdrop. Or maybe they’re just another way to make you feel better about your crypto losses. Either way, stay tuned.

Ah, Circle, the proud parent of USDC stablecoin, has blessed us all with its latest masterpiece: the Arc payments blockchain. Yes, folks, this shiny new toy has started its public testnet, and oh boy, who’s involved? Only a few minor players like BlackRock and Visa-just your everyday financial titans. These giants are here to make sure the financial world doesn’t just evolve, but revolves around their shiny new creation. A brave new world of programmable money is upon us!

This sudden surge, emerging from the torpor of early October, suggests that the grandees are once again favoring high-cap assets, as though the crypto market were a mere carousel for their capital rotation. Might this institutional embrace be the catalyst to hoist Ethereum above the $4,200 resistance level? Analysts, those soothsayers of the financial world, whisper of $5,000 as the next logical destination. How very daring! 🚀

Several altcoins have produced impressive gains over the past 24 hours, including FIGR_HELOC, HBAR, TRUMP, TAO, and PUMP. 🚀 (Because who needs a stable economy when you can have a 40% surge in a meme coin?)

But here’s the twist: traders are acting like they’ve just been told the Wi-Fi password is “password123.” Cautious? More like crypto’s version of a conspiracy theorist. 🧠

Now, this little shindig comes hot on the heels of a mNAV dip that had investors clutching their pearls. But fear not, dear readers, for Metaplanet has a plan: maximize BTC yield, boost capital efficiency, and throw in a credit facility for good measure. Because when in doubt, just add more debt. 🤑 Simon Gerovich, the brains behind this operation, tweeted:

On Tuesday, Duong dropped the big question on his X account: “Where are the DATs?” Spoiler alert: Most of the DAT purchases lately? They’ve all been in Ethereum (ETH), much to the disappointment of poor Bitcoin, which has taken a nosedive in purchases, hitting its lowest point of the year. Ouch.

Bitcoin, that old sly fox, now stumbles upon a local floor, where lines in the sand glitter with promises of fortune-or ruin.

But similar technical and on-chain setups in the past have marked strong reversals, and that pattern may be forming again. Because nothing says “hope” like a 84% crash, right? 😂

The whales, those enigmatic sea creatures of the financial world, are busily making their moves. One particularly mysterious whale, perhaps a cetacean with a penchant for risk, has reportedly raked in $48 million through leveraged bets on BTC and ETH. A veritable financial leviathan, if ever there was one! 🐋