Crypto news

Hougan frames the development within his long-running meta thesis that crypto is “going to reinvent the fundamental aspects of finance.” He highlights Bitcoin as “reinventing gold,” stablecoins as “reinventing dollars,” and tokenization as “reinventing trading and settlement.” He stresses that crypto remains early in each cycle but says the endgame is already visible: “I expect that eventually most assets will be tokenized, most dollars will move on stablecoin rails, and bitcoin will be as widely accepted as gold.” 🪙✨

Michael van de Poppe, that prophet of pixels and candlesticks, proclaims that SUI may yet rise from its grave. The same cursed zone that once birthed monstrous rallies now beckons again-some lunatics even mutter of $20. Madness? Perhaps. But then, what isn’t?

Ever since the Bitcoin bulls found themselves rather stuck near that dizzying height of $126,000, they’ve appeared to have misplaced their enthusiasm. Their inability to defend a perfectly good interim support level is, to put it mildly, concerning. We’ve had a procession of lower highs and lows, culminating in a rather undignified tumble to $96,712. A bit of a rebound to above $97,000, naturally, but the threat of further decline hangs over one’s head like a particularly gloomy cloud.

Inactive supply is on the rise as exchange reserves plummet-sounds like classic accumulation to us.

Investors have pirouetted around with $2.64 billion in just three weeks, coaxing us to don the tinfoil hats and believe something sinister is afoot. It’s akin to our love for Diet Coke, full of bubbly potential followed by the rapid descent of reality.

The culprit? It’s the daily unlock-glorious drip, drip, drip of tokens flooding the digital gulag. More pioneers = more supply = more panic selling. Is this innovation? No. It’s economics with a smiley face emoji. 😊📉

And, of course, the great promise-utility! Ah yes, the mythical “real-world use.” You know, like buying a kilo of potatoes in Siberia with Pi. Except… there are no potatoes. There is no store. But plenty of PowerPoint slides. 🥔🚫

Without utility or a moral obligation to HODL (Holy Digital Grail!), demand staggers beneath the weight of endless liquidity. Reclaiming all-time highs? That would require miracles. Or manipulation. We’ll leave it to the reader to decide which is more likely. 🤫

Tether is doing its thing, dominating the crypto world like it owns the place. Its market cap is a whopping $184 billion, making it the largest dollar-pegged stablecoin. So, it’s basically the “safe” choice for people who don’t want their money to disappear into the crypto abyss. 😅

As the financial world races toward a digital future, Mastercard has made a bold leap. On November 13, Mastercard announced that their Mastercard Move platform would now support stablecoin wallet payouts through a partnership with Thunes. This move aims to provide global users with faster, more flexible money-movement options. But let’s be honest-is this the dawn of a new financial era, or just another attempt to stay relevant in the crypto craze? 🤔💸

Steven McClurg, the CEO (and presumably, a man who owns at least one expensive watch), graced the plebeians with his wisdom post-launch. Topics included: “Why XRP isn’t just Bitcoin’s weird cousin,” “How to sound smart at crypto parties,” and “The art of predicting prices without getting sued.”

Amidst the chaotic dance of the market’s volatility, where even whales are trembling and giving up their treasures, there remains one steadfast believer: the great crypto oracle, Arthur. With all the conviction of a philosopher in a powdered wig, Arthur pronounces that XRP could soon find itself in the midst of a supply crisis. And lo and behold, this could ignite a magnificent price explosion, bringing joy to the masses and filling the coffers of the faithful. 💸