Coinglass, our modern-day Cassandra, reports that $1B of this carnage occurred in the last hour alone. One imagines traders clutching pearls and muttering “not again” as the charts turned blood-red. Meanwhile, the average BTC ETF investor-bless their optimistic hearts-is currently marinating in losses like a particularly soggy crumpet.
MSCI, that most esteemed of financial soothsayers, has embarked upon a grand quest to determine the fate of firms whose digital assets exceed half their total assets. One might call it a bureaucratic ballet of exclusion! 🕺
Bitcoin’s price dropped like a lead balloon thanks to a long squeeze, where traders holding long positions were hit with a tsunami of liquidations. According to Coinglass, a whopping $443 million worth of long positions were liquidated in just 24 hours, compared to a paltry $26 million in short positions. Those long holders were probably cursing their luck as they watched their money vanish into thin air. 💸
Bitwise Asset Management, with a flourish of their quill, has launched the Bitwise XRP ETF upon the grand stage of the New York Stock Exchange. The fund, I assure you, is now available for trading, having navigated the labyrinthine NYSE certification and SEC procedures with admirable aplomb. It is a spot exchange-traded fund, designed to offer investors direct exposure to XRP, the third-most esteemed cryptocurrency. 🌟
From the fourteenth to the sixteenth of November, the Carlos Lopes Pavilion played host to this assembly of those who seek to make a living – or, at least, a passable imitation thereof – by discoursing on the marvels of digital currency. Executives, creators, and others of varying degrees of involvement populated the halls, all ostensibly engaged in pondering the shifting sands of influence and monetization. Such earnestness! 🙄
The college announced it will use the cryptocurrency royalties to bolster students from less-represented backgrounds and whisk them off towards the promising careers in business-a philanthropic gesture that now means the electrical grid at college will soon have to carry the load of cryptocurrency mining rigs and not just the coffee makers. It’s noteworthy; this is the first ever crypto donation Trinity has received, seemingly amplifying the college’s role as a crypto old hand.
Coinbase has unveiled a delightful spectacle of financial alchemy: Ethereum (ETH)-backed loans. This new gift allows U.S. patrons, sparing New Yorkers, to borrow USDC, preserving their ETH in its untouched glory. Announced on the 20th of November, this pawn to debut their novel crypto-collateral lending service, previously the sole domain of Bitcoin (BTC).
This is a funny example of how active and involved the ARC Raiders community is. Let’s take a closer look at what’s happening with the ‘ARC Raiders War’ and understand what it’s all about.
Researchers have developed a novel method for automatically designing quantum circuits that achieve both high accuracy and reduced complexity.
Gamers have been eagerly awaiting Hollow Knight: Silksong, and it’s finally here! This new game from Team Cherry lets players control Hornet as she explores the kingdom of Pharloom. Like the original Hollow Knight, Silksong features tough boss battles – some players even think they’re more difficult than those in the first game. While fans discuss which bosses are the hardest, the developers have recently shared insights into how they designed these challenging encounters.
