According to David Duong, head of investment research at Coinbase Institutional, those digital asset treasury (DAT) companies that used to gobble up Bitcoin like there was no tomorrow have “largely ghosted” since the market took a nosedive. And guess what? They’re not exactly rushing back to the party either. It’s like that one guy who promised to bring the chips and dip but just… didn’t show up. Classic move, right?
Thus far, the specter of financial regulators and the whims of macroeconomic winds have left the stage shrouded in ambiguity. Neither token has rallied, despite this news, which one might expect to be bullish. But then, life, like the market, is full of disappointments and unfulfilled promises. 😏
So, some clever analyst (probably wearing a hoodie and sipping a cold brew) spotted a symmetrical triangle pattern in HBAR’s chart. 🧐 Fancy, right? Apparently, this means buyers are tiptoeing back in after the market’s recent meltdown. The token’s bouncing around $0.179, up from its mid-October sob story at $0.155. Go, HBAR, go! 🏃♀️💨
Arbitrum’s price has found new strength, dancing around the $0.34 mark, up by 8.8% in the past 24 hours, as reported by Brave New Coin. Its market cap is now strutting at a respectable $1.9 billion, and the trading volume has crossed the $200 million mark. Yes, folks, this is not a drill. The reversal from the $0.31-$0.32 zone? Absolute proof that demand is making its grand return, ending weeks of dormancy.
Market data, that sly archivist of greed and fear, reveals short positions retreating like timid hedgehogs. The climb from $190 to $205 is a masterclass in bearish despair-a ballet where liquidity pools shimmer like dew on spiderwebs. CW8900, that oracle in a lab coat, confirms shorts are “nearly exhausted,” a phrase as thrilling as a broken clock. Buyers now hold the reins, galloping toward $230 with the grace of a drunk giraffe.
According to the ever-so-serious Brian Armstrong, CEO of Coinbase, this collaboration shall “improve stablecoin utility and digital assets adoption.” How thrilling! 🌟 And let’s not forget, Citi, with its 200 million customers spanning 160 nations, is the perfect sugar daddy for this crypto escapade. 💼✨
This year’s affair is as thrilling as a surprise party at a bank vault, with the world’s most formidable financial titans descending upon the scene. 🏦👑 BlackRock, Nasdaq, Bloomberg, and Citi-oh my! 🚀
Apparently, this little shopping spree was funded entirely by selling preferred stock. Yes, you read that right-they’re basically printing money to buy more money. According to their Form 8-K filing with the SEC, they sold a bunch of STRF, STRK, and STRD shares like they were handing out Halloween candy. 🎃 The average price per Bitcoin? A mere $111,117. Bargain! 🛍️
First, the great Trump pardons CZ, Binance’s fallen star. A gesture of magnanimity, or a calculated move in the grand chess game of finance? 🧑⚖️
According to people who definitely know people, Bloomberg reports that government officials have been hobnobbing with regulators and industry insiders for weeks. One can only imagine these meetings involved polite sighs, excessive handshakes, and maybe a Tim Hortons coffee or twelve. The update could land on Nov. 4, when Finance Minister François-Philippe Champagne unveils the budget, probably with a flourish and a polite apology for all the fine print.
