Crypto news

HYPE, that darling of the decentralized exchange Hyperliquid, has burst through resistance like a champagne cork at a society wedding, eyeing a 40% ascent to $56.5 by November. How utterly thrilling! 🥂

Though veiled below former peaks, ASTER’s journey reflects a burgeoning faith in its realm, a coordinated ballet of retail dreamers and colossus holders poised for ephemeral victories, all under the indulgent gaze of the crypto heavens, where Bitcoin’s might lends a benevolent hand. One must ponder the irony: in this electronic steppe, do we not mirror the peasants of old, yearning for lands we shall never till?

The infamous exploit, which took place on the fateful day of September 2, targeted the sacred Liquidity Distribution Function (LDF) of Bunni. This, dear reader, was a special mechanism designed to optimize liquidity (so we were promised) for traders. Little did they know, hackers had something more creative in mind.

On Oct. 24, the Polymarket titled “Will CZ return to Binance by December 31?” (because nothing screams urgency like a deadline) has hit a 50% chance. Half the traders are shouting YES, while the other half are probably shrugging and saying, “Eh, maybe?” So far, this circus has racked up a trading volume of $45,974. Not bad for a guessing game. 🎪

Yet, alas, ’tis a fickle fortune! For though it strives to reach the dizzying heights of its former glory, it finds itself perpetually thwarted, beset by sellers of a most stubborn disposition. Some whisper that this grand bull run, as they term it, hath already breathed its last. Oh, the lamentations!

As per the BBC’s Oct. 24 report, this 90,000-square-foot marvel-er, public service-will be erected on the East Wing grounds, funded entirely by private donations. A veritable Who Framed Roger Rabbit of corporate generosity, with crypto firms leading the charge like they’re funding a blockchain-themed Las Vegas show.

As open interest hits levels that would make even the most hardened trader sweat, the market’s resilience is about to be put to the ultimate test. Will the prices dance or dash? Who knows! But one thing is certain: volatility has decided to take a coffee break – for now. ☕️

A Clear Pattern Emerging

Deribit, the crypto options exchange so dominant it makes black holes look indecisive, reported an all-time high OI of $50 billion. Their latest update, delivered with the urgency of a Vogon poetry reading, noted that “$100K puts are gaining traction.” Whether this means Bitcoin is heading for the moon or a dramatic faceplant remains to be seen.

Behold, XRP lingers at $2.40, a mere 1% uptick in the fleeting span of a day. It clings to its bastion, that sacred range between $2.30 and $2.40, as if holding a fragile teacup in a hurricane. Will it steady its course, or shall it plummet into the abyss of $2.25? The gods of charts alone know. 🤔