Towards the tail end of August, those clever chaps at Pi Network unveiled the Pi Hackathon 2025 – a splendid affair designed to coax Pioneers into concocting real-world applications that might, just might, elevate the humble PI token from obscurity to glory. 🎉
stocks, those unpredictable divas, stayed nearly the same, but the Dow, ever the show-off, gained a spry 190 points-how quaint. The S&P 500 tiptoed up a mere 0.02%, and Nasdaq sneered, shedding 0.1%, like a debutante in a sour mood.
They’re holding strong, stacking up their MNT like it’s a hot ticket to a future rally. Optimism or madness? Who can say…🤷♀️
According to some Reuters poll, the Fed’s gonna cut rates twice before the year’s over. Because why not? 🎲 First cut next week, another in December. Groundbreaking stuff. 115 out of 117 economists agree-like that’s supposed to mean something. The other two? Probably just wanted to stand out. “Oh, I’ll say 50 bps in December!” Sure, buddy. 😏
Here’s the twist: a government-approved charity said “no thanks” to a donation worth-wait for it-$33 million. Yes, that soaring figure from a humble 2018 crypto gift, which now makes the initial $200,000 look like pocket change for a billionaire with a sense of humor. 🎢📈
Economists, those modern-day soothsayers, prophesy a 2.3% annual CPI surge in September, a slight rebellion against the BoC’s 2% target. August’s 1.9% gain, meanwhile, now seems quaint. Monthly prices? A mere 0.1% dip, a yawn compared to the previous month’s nap. One might call it a “pause for tea,” if not for the looming shadow of US tariffs, which threaten to turn this tea party into a fiscal circus. 🤡
According to the sagacious Glassnode’s cost basis distribution heatmap, the sum of $16 hath emerged as a point of considerable interest, where a staggering 54.47 million LINK tokens have been gathered with the utmost diligence. This zone, my dear reader, now stands as a bulwark of support, a foundation upon which the price may ascend with grace and alacrity in the sessions to come. 🏰💎
These giggly digital trinkets are the glittering, chaotic circus of crypto, riding the bull-market rollercoaster like a pack of caffeinated squirrels. And lo! Even JPMorgan’s top hats have joined the clown car, cheering on this madness. 🎪🎩
Now, on October 10, there was a bit of a… how do we put it? A ‘liquidation frenzy,’ where around $20 billion of open interest evaporated faster than your motivation on a Monday morning. The market’s total open interest-once frolicking around $78 billion-tumbled to $58 billion, like an over-inflated balloon that finally popped. It was almost like the FTX crash, but without the same amount of screaming. Still, according to Moreno, the dollar magnitude tells us one thing: it was a symptom of today’s massive derivatives base, not a sign of an apocalypse.
