Crypto news

Ah, Circle, the proud parent of USDC stablecoin, has blessed us all with its latest masterpiece: the Arc payments blockchain. Yes, folks, this shiny new toy has started its public testnet, and oh boy, who’s involved? Only a few minor players like BlackRock and Visa-just your everyday financial titans. These giants are here to make sure the financial world doesn’t just evolve, but revolves around their shiny new creation. A brave new world of programmable money is upon us!

This sudden surge, emerging from the torpor of early October, suggests that the grandees are once again favoring high-cap assets, as though the crypto market were a mere carousel for their capital rotation. Might this institutional embrace be the catalyst to hoist Ethereum above the $4,200 resistance level? Analysts, those soothsayers of the financial world, whisper of $5,000 as the next logical destination. How very daring! 🚀

Several altcoins have produced impressive gains over the past 24 hours, including FIGR_HELOC, HBAR, TRUMP, TAO, and PUMP. 🚀 (Because who needs a stable economy when you can have a 40% surge in a meme coin?)

But here’s the twist: traders are acting like they’ve just been told the Wi-Fi password is “password123.” Cautious? More like crypto’s version of a conspiracy theorist. 🧠

Now, this little shindig comes hot on the heels of a mNAV dip that had investors clutching their pearls. But fear not, dear readers, for Metaplanet has a plan: maximize BTC yield, boost capital efficiency, and throw in a credit facility for good measure. Because when in doubt, just add more debt. 🤑 Simon Gerovich, the brains behind this operation, tweeted:

On Tuesday, Duong dropped the big question on his X account: “Where are the DATs?” Spoiler alert: Most of the DAT purchases lately? They’ve all been in Ethereum (ETH), much to the disappointment of poor Bitcoin, which has taken a nosedive in purchases, hitting its lowest point of the year. Ouch.

Bitcoin, that old sly fox, now stumbles upon a local floor, where lines in the sand glitter with promises of fortune-or ruin.

But similar technical and on-chain setups in the past have marked strong reversals, and that pattern may be forming again. Because nothing says “hope” like a 84% crash, right? 😂

The whales, those enigmatic sea creatures of the financial world, are busily making their moves. One particularly mysterious whale, perhaps a cetacean with a penchant for risk, has reportedly raked in $48 million through leveraged bets on BTC and ETH. A veritable financial leviathan, if ever there was one! 🐋

After a rally that grew ten hearty steps in a week to kiss $4,232 on a Monday where the skies seemed boundless, Ethereum found its vigor sapped as profit-takers swooped in like vultures. It fell close to the $4,100 mark-akin to a turnstile the trader needs to jump through to avoid the southbound wagon train of losses. 🏜️💨