The technicals? Oh, they’re building pressure, like a wizard holding in a sneeze. The MACD flipped bullish five days ago, but volatility is as compressed as a dwarf in a suit of armor. Calm before the storm, they say. Or just another Tuesday. 🌪️💤
Bitcoin’s daily chart shows signs of consolidation following a powerful rally that carried prices from approximately $107,000 to $126,000 in late September and early October. The move was accompanied by declining volume on the recent pullback, suggesting weak selling pressure.
So, here’s the deal: Yuma, the brainchild of Barry Silbert (the same guy who made Bitcoin a bit easier for the suits to stomach), has launched something called Yuma Asset Management. What does this mean for you? Well, if you’re an institutional or accredited investor (and if you know what that means, congrats), you now have easy access to the decentralized AI ecosystem, Bittensor. 🍾
“Crypto isn’t just digital gold anymore,” Horsley mused at the Token2049 conference in Singapore, “it’s a diverse ecosystem, much like the stock market, where each project has its own flavor-some spicy, some bland, but all unique.” 🌶️🥦
According to the official fanfare, BVNK-already backed by big shots like Visa, Haun Ventures, and Tiger Global-helps businesses move money faster than a banana peel in a slapstick scene. 🍌💨 Jesse Hemson-Struthers, the brains behind BVNK, claims stablecoins are the new black for cross-border payments. “We’re making money moves quicker than a Brooks film punchline!” he quipped. 🤣
Apparently, TRX has been holding a 5.5-year rising trendline, which is impressive because I can’t even keep a houseplant alive that long. 🌱 It also cleared the 2018 high of $0.30, which is basically ancient history in crypto years. 🦖 After retesting that level (because why not?), it’s now eyeing $0.40 to $0.50. Bold move, TRX. Let’s see if it sticks the landing. 🏆
Altcoins displayed a more capricious temper. Zcash surged by a double-digit measure-35%-as if some cheerful villager had discovered a hidden trove behind the granary. Mantle advanced about 9%, while Monero and Ethena rose modestly, 3-4%. Aster, alas, wandered into the opposite corner, down by 12%, like a stubborn mule at the village gate. 😅
Crypto ETNs, for those not in the know, are like the fancy cousins of cryptocurrencies-all the thrill without the hassle of actually owning the digital coins. They’re debt products, mind you, but don’t let that fool you into thinking they’re as safe as a cup of tea. ☕ They trade like regular securities, with the underlying assets tucked away in the hands of regulated custodians. Because, you know, even the wild west needs a sheriff. 👮♂️
To stake, in simple spirit, is to bid your coins do something beyond mere accounting-to set them to guard the very network they inhabit, and in return receive rewards as if the cosmos itself had taken pity and offered a prize for patience. A noble posture, and yet ridiculous in its audacity, that the idle capital should become labor for the common ledger.
BVNK’s not sharing how much Citi invested (you know, mystery is hot right now), but Chris Harmse, co-founder of BVNK, did spill the tea to CNBC. Apparently, the company’s worth more than $750 million now-yep, that’s a decent chunk of change. And it’s already got some heavyweight investors like Coinbase and Tiger Global in its corner.
