Nearly 400,000 accounts got wiped out. A single order on Hyperliquid? Thirty-seven million dollars. That’s a significant chunk of change, even for people who actively enjoy gambling with digital ones and zeros. The long bets – you know, the ones where people confidently predicted things would go up – took the biggest hit. Which, frankly, is how things usually work out. š¤ Iām starting to think āHODLā is less of a financial strategy and more of a cry for help.
Because nothing says “innovation” like buying someone else’s innovation, Coinbase announced-drumroll-it’s acquiring Vector. Because why build when you can just swipe right on someone else’s hard work? The deal should close by year-end, assuming no one changes their mind after a sobering cup of tea.
My dear, Bitcoinās monthly chart isnāt just ugly-itās a full-blown sartorial catastrophe. Peaking above $130,000 like a champagne-fueled party guest, itās now slinking back toward the mid-$80,000s, as if someone just pointed out its outfit was last season. This single candle could erase the entire 2025 uptrend, which is rather like burning down the house because you didnāt like the wallpaper. šÆļø
The acquisition is part of Coinbaseās grand plan for 2025 – expanding services like a well-meaning but slightly misguided personal trainer trying to get you to do more push-ups when you can barely handle one. The company believes that the booming Solana DEX market, with volumes surpassing $1 trillion this year, is worth investing in. And yes, it is a booming market, but letās not pretend like the publicās interest in Solana is undying, shall we?
Bitcoin, that mercurial sultan of speculation, slid 21% from its gilded throne, leaving retail traders clutching their pearls (and margin calls). But Teng, ever the poet of pragmatism, mused in Sydney:
“Every asset class bears the scars of cycles. Why should crypto, that restless child, be spared?”
At $84,997, BTC clings to its dignity, a shadow of Octoberās $126,198 pinnacle. The culprits? Inflationās fever, jobsā frail pulse, and the Fedās icy silence š§-a trifecta of dread for risk assets. Yet Teng shrugged: “When the world sneezes, crypto catches pneumonia. But is this news? Or merely the echo of every marketās lament?”
Yet here we stand, a year wiser and a hundredfold richer. Institutions, once skeptics, now court crypto with BlackRockās ardent advances š¤š. “Corrections?” Teng chuckled. “Theyāre the pruning shears of progress. Let the weak hands tremble; the strong will sow.”
“The sector has bloomed like a desert rose-exuberant, defiant. Now, some roots retreat. Is this death? Or merely the earthās quiet breath before spring?”
And what of Changpeng Zhao, the fallen titan pardoned by Trumpās quill? Tengās lips remained sealed, leaving the million-dollar question hanging like a fruit too bitter to taste š.
The market activity? About as exciting as a soggy sponge. Major indicators are flexing their “weak” muscles, and sentiment is as fragile as an IKEA bookshelf after one too many moves.
This union, fraught with the promise of progress, allows users of Binance Japan to procure cryptocurrencies using the funds of PayPay, a marvel of modern technology. And lo, they may also withdraw their digital treasures directly to PayPay, as if the very gods of finance have smiled upon them. š°
What’s truly surprising is the huge disagreement among top analysts about where Bitcoin is headed ā this level of uncertainty hasn’t been seen in the industry for a long time.
Algorand is now fully entwined with Coinify. This partnership enables USDC payments and settlements. Consumers can use USDC to make direct payments on Algorand at checkout. This is processed through the Coinify gateway. Merchants can also get settled in USDC on Algorand. This is even the case when customers are using other cryptocurrencies. Coinify handles more than $140 million a year for more than 60,000 merchants.