Crypto news

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.

The world of digital coins – that strange, shimmering mirage of hope and hype – saw its river of money swell again last week. $921 million flowed into crypto ETPs like thirsty farmers watching rain finally hit their parched land. And all because folks started whispering that maybe, just maybe, the mighty Fed might cut rates. Hope – that old trickster – is back in town. 💸

On the twittering grounds of X, one Tom Tucker-a fellow of dubious distinction but undeniable charts-has proclaimed a trend so robust it could only be described as a hoarding frenzy. The blue line on the Glassnode chart, a thing of beauty and terror, plunges like a socialite’s morale at a bad review. Holders, it seems, are spiritedly withdrawing their tokens into the icy embrace of cold storage, leaving exchanges as bereft as a Waugh novel’s protagonist. ❄️

Pour yourself a cup of the strongest coffee you can find, dear reader, for this week promises to be a circus of economic acrobatics. 🌪️ Between the US-China trade tango, the Fed’s impending decision, and Bitcoin’s stubborn grip on six figures, the air is thick with anticipation-or is it desperation? 🤡

Summary

This grand act of fiscal arson was no mere whim but a calculated performance by the Auto-Burn mechanism, a system so precise it could make a Swiss watchmaker weep. Tokens are dispatched to a “blackhole” address, where they vanish like dreams in a capitalist nightmare. Independent of Binance, yet beholden to the whims of block production and BNB’s price, it’s a ballet of destruction choreographed by algorithms.

The travel company has officially announced that Dogecoin is now a legitimate payment option for flight bookings. No longer just for internet jokes, you can now use the beloved canine currency when you check out for your next getaway. Joining the ranks of other forward-thinking companies like AirBaltic and Cielo Aviation, which already accept Dogecoin through Bitpay, Alternative Airlines is proving that, indeed, anything is possible when you’ve got Elon Musk on your side. 🐕💰

Though they’ve yet to announce a token (perhaps they’re saving it for a grand reveal at a gala where the only currency is wit?), the trademark filing is as telling as a man in a bowler hat clutching a ledger at midnight. Legal groundwork, they whisper? More like a pre-emptive waltz through regulatory red tape. After all, big finance companies are nothing if not preparatory-like a wet weekend with a suitcase full of umbrellas. 🌧️

On-chain data? More like “on-chain drama.” Top wallets like yolow11l are “accumulating” like it’s 2021 again. 🤡 The whale dashboard says “2.16 million PENGU in net inflows” – sure, whatever. The Kung Fu Panda collab? More like a “Kung Fu Panda” of hype. 🐉

This crypto soap opera has more twists than a pretzel! 🥨 Governance? More like govern-mess! Trust and transparency? Ha! More like trust issues and opaque shenanigans! 😂