Crypto news

So, Tokyo’s fintech darling JPYC just dropped Japan’s first yen-backed stablecoin. Because, hey, why not add more currency chaos to the world? 🌍💸

Ah, Bitcoin, the rollercoaster of the financial world! It’s just hopped over the 50-day simple moving average (SMA), which is basically the crypto equivalent of “Hey, I’m kinda bullish today.” 🎉 Technical indicators are throwing a party with a bullish MACD crossover and SMAs doing the tango. Cha-cha-cha!

Growing institutional demand for XRP and other digital assets continues to reshape the U.S. investment landscape as investors pursue regulated exposure to cryptocurrencies. Asset manager REX Shares revealed on Oct. 24 that its REX-Osprey XRP ETF (Cboe BZX: XRPR) surpassed $100 million in assets under management (AUM) as of Oct. 23, less than six weeks after its launch. 🤯

One observes that the daily graph presents a most unwelcome sight: a bearish pennant, as insidious as the whispers of Miss Bingley’s envy, portending a most disagreeable upheaval. This triangle, confined by lines drawing nearer in ominous harmony, signals that a tumble-perhaps as dramatic as Lydia’s elopement-may very well be imminent.

The daily chart (1D) offers a panoramic view of Ethereum’s story arc. After plummeting from $4,759.9 to $3,379.5 like a falling meteorite of sadness, Ethereum began writing its redemption arc, printing higher lows and giving the impression that buyers are valiantly reclaiming control-cue epic movie music.

On a fateful Friday, the stock of Coinbase Global Inc. ascended more than 9%, following a lyrical upgrade by the venerable JPMorgan. The once-unremarkable stock now wears a new mantle of promise: a price target of $404, a celestial 14-15% increase that sparked a frenzied interlude among those chasing the fantasies of digital currency.

The Observations:

Scorecards ought to sing the praises of four delightful outcomes: lowering the ultimate total landed cost (think of it as the bill), ensuring reliable delivery (because who likes surly waiters?), managing risks (think financial health and cyber chameleons), and ensuring everyone follows the rule book, even themselves! Every metric should take a bow at one of these grand stages.

So, Bolivia\’s Central Bank is considering piloting an interbank CBDC. That’s right, they think it might modernize their financial system and make it more secure. What\’s with a retail-based system, you ask? Well, apparently, they think it would benefit you about as much as a gold-plated toilet seat!

In a move that screams “we’re definitely not panicking,” Russia is fast-tracking crypto into its foreign trade playbook. Because when the world cuts you off from SWIFT, why not just invent your own financial rules? Finance Minister Anton Siluanov, in what we can only assume was a very serious meeting (or possibly a Bond villain brainstorming session), declared that crypto payments for imports and exports should be legalized-but only if the Bank of Russia gets to play Big Brother. Because oversight is fun.