Ray Dalio, not just your ordinary hedge fund wizard (with a trophy cabinet as big as the Patrician’s Council Chamber), has tossed his hat into the Bitcoin ring, declaring its role as money and hinting about the charming chinks-the code vulnerabilities-that it defies being robust in that role.
With regulations settling like dust in the American sun, the stablecoin realm has swelled beyond three hundred billion, a colossus in crypto’s whimsical tapestry. Yet, fragmentation-oh, that blessed nuisance-persists, scattering issuers like drunken guests at a provincial gathering, each claiming their patch of stable ground. 🚀
For the fourth time running, spending proposals meant to reopen the nation have been rejected by lawmakers from both sides, leaving the shutdown to nap on the job and pushing any glorious reform into next week. The coffee cups are stacked high, and the general mood is somewhere between “we’ll sort it out” and “please don’t make us fax this again.” 😅
The native token of the oracle network Chainlink pulled back slightly on Friday, yet carved a higher low and posted a 6.7% gain for the week. Price action has been steadied by a string of headlines about institutions and protocols tapping Chainlink’s services-a chorus that sounds suspiciously like normalcy in a world of volatility.
In their grand decree, the company revealed that this bounty sprang from their in-house validator operations, a system they hailed as “fully staked, vertically integrated.” Ah, the beauty of jargon! A phrase so lofty, it could only be crafted by minds steeped in the arcane arts of blockchain and finance. 📜🔗
Stellar’s XLM token, a knight errant in the crypto realm, reversed sharply on Oct. 3 after briefly testing new highs. It rose to $0.4041 in afternoon trading, but heavy selling after 14:00 UTC dragged it back to $0.4015, erasing earlier gains. A tragicomic tale, indeed! 😭
And in September-dear reader-September saw a staggering 20 attacks, looting $127.06 million from crypto exchanges, as if the world’s most precious treasures were mere baubles to be swiped by digital phantoms. The threat grows by the hour. Below are three of the most notorious hackers, whose names have become whispers of dread in the digital underworld.
MARA Holdings (MARA) announced that September brought 736 BTC mined, up 4% on August, and 218 blocks conquered on the Bitcoin network, in an update on Friday.
According to CNBC, OnePay will offer access to Bitcoin and Ether later this year in cahoots with Zerohash. The OnePay app, which already handles the usual banking stuff and those tirelessly accepted Walmart cards, will soon let you manage cryptocurrencies without needing to switch apps or consult a seer about your portfolio. 🪙
Remember last week, when Bitcoin was wading through the murky waters of uncertainty? It had just basked in the glory of a rally to $118,000 after the Fed cut interest rates (we all thought it was time to pop some champagne), but alas! The market rejected it faster than an unsolicited romantic proposal. A mere few days later, BTC dropped almost $10,000, like a knight’s armor after battle, hitting a low of under $109,000.
