The U.S. Federal Reserve (Fed) pumped $29.4 billion into the banking system on Friday, sparking optimism on crypto social media. While the move aimed at easing liquidity concerns and is supportive of risk assets, including bitcoin, it’s nothing out of the ordinary. đ
Kyrgyzstanâs President Sadyr Japarov, with a flourish worthy of a Lancre mayor, announced the launch of Bereket Bank. This shiny new institution is all about digital dosh, thanks to a nudge from Changpeng Zhao, the wizard behind Binance. The goal? To hoover up foreign investments like a goblin with a gold fetish. Japarov was quick to clarify: âItâs private, no government meddling here. Weâre not running a state-sponsored piggy bank!â đˇđ°
The OI-Weighted Funding Rate, that most fickle of courtiers, is positive, showing derivatives traders are predominantly betting on the upside. đ§
CZ, in his usual understated way, shared his wallet holdings on X (formerly Twitter, for those still clinging to 2022) with the kind of nonchalance usually reserved for people announcing theyâve bought a sandwich. “I bought some Aster today, using my own money on Binance,” he wrote, as if this were just another Tuesday. “I am not a trader. I buy and hold,” he added, which is crypto-speak for “Iâm rich enough to ignore volatility.”
Creditors of the defunct FTX exchange now face a major shortfall. This is, naturally, despite the promise of a nominal payout of 143% – a number so specific it almost feltâŚoptimistic. FTX creditor representative Sunil has confirmed the real recovery rate. He said the actual crypto recovery is between 9% and 46%. So basically, youâre getting a participation trophy made of regret. The final value could be even lower because of the high prices of cryptos at present. Because of course it could. Why wouldn’t it? đ¤
Behold, the Google Trends index, that sacred ledger of human curiosity, scales its search interest from 0 to 100-a metric as fickle as a court jesterâs mood. It claims 100 as the pinnacle of obsession, a number so lofty it makes even the most ardent speculator blush.
At this hour, the current XRP price teeters near $2.502, a fragile balance between hope and despair. Trading volumes, like weary travelers, persist across exchanges. The marketâs gaze fixates on whether the bulls can muster the strength to sustain this fleeting momentum. A decisive close above $2.50 might herald a breakout, yet repeated rejections could plunge it into temporary despair before another futile attempt to rise. đď¸đ¸
Well, it looks like du, a big player in UAE telecom, has officially unleashed its new âCloud Minerâ service. This is basically a Cloud Mining as a Service (MaaS) initiative. The residents of UAE can now mine crypto without breaking a sweat. The best part? You just rent computational power on a subscription basis and voilĂ – you’re mining. Oh, and don’t worry about servers, duâs got it all covered through its extensive data centers. đ
This ongoing shift marks Bitcoinâs transition into a more mature and stable market, a feat as improbable as a snowball surviving in the Sahara. Institutional capital now dominates, as on-chain data reveals dormant wallets reactivating like a sleep-deprived bear in spring. The assetâs evolution from speculative play to global financial infrastructure continues, albeit at the pace of a snail with a broken shell. đđ
Romaniaâs National Office for Gambling, a bureaucratic colossus with a fondness for paperwork, has declared war on Polymarket. The platform, led by the indomitable Shayne Coplan, now finds itself blacklisted for daring to gamble without a permit. Go figure.
