Ah, the morning! A time when the sun rises, the birds chirp, and the crypto world teeters on the edge of existential crisis. Welcome to the US Crypto News Morning Briefing-your daily dose of financial melodrama, served with a side of sarcasm. 📰☕
Pour yourself a coffee, dear reader, for the sages at Standard Chartered have spoken. Geoff Kendrick, the bank’s Head of FX and Digital Assets Research, has declared that Bitcoin is not merely a currency but the very backbone of DeFi’s aspirations. Should it falter, the dream of decentralized finance shall crumble like a poorly baked soufflé. 🥞💔
The Crypto Oracle Speaks: Bitcoin, the Apex Predator of DeFi
In a world where financial systems are as fragile as a Tolstoy protagonist’s psyche, Kendrick has proclaimed that DeFi’s fate rests upon Bitcoin’s structural integrity. Speaking ahead of the Singapore FinTech Festival (SFF), he anointed Bitcoin as the “apex asset,” a title that carries the weight of a thousand ledger entries. 🦁💼
“It is fair to say these days I spend most of my time talking about DeFi taking over TradFi…but for that to be possible, as the apex asset, Bitcoin needs to not collapse,” Kendrick wrote, his words dripping with the gravity of a man who knows the stakes. 📧🌍
“DeFi can’t replace traditional finance if its cornerstone asset is volatile or unreliable,” quipped a market observer, echoing the sentiment with the wit of a jaded aristocrat. 🧐💬
As institutions, regulators, and innovators prepare to converge in Singapore, the air is thick with anticipation. Will Bitcoin hold the line, or shall it succumb to the whims of the market, leaving DeFi to wander the financial wilderness like a lost peasant? 🌆🤔
Standard Chartered, one of the few major banks to dabble in digital asset research, has shifted its gaze from speculative whimsy to systemic necessity. Kendrick’s framing is clear: Bitcoin’s stability is not just a desire but a prerequisite for DeFi’s legitimacy. ⚖️🔍
In a move that would make even the most stoic investor chuckle, Kendrick has laid out a three-step accumulation plan for Bitcoin, suggesting that the recent dip below $100,000 “may be the last one ever.” His strategy, as precise as a Tolstoy novel’s character arc, includes:
- Buying 25% of a target allocation at current levels, 📈
- Another 25% if Bitcoin closes above $103,000, 🚀
- The remainder (50%) once the Bitcoin-gold ratio climbs above 30. 🏆
This aligns with his previous musings, where he hinted that Bitcoin’s sub-$100,000 days might be numbered. As US Crypto News has noted, this could mark the final entry point before a renewed bull phase-or, as some might say, the last call before the financial apocalypse. 🎢🌋
Charts of the Day
Byte-Sized Alpha
Crypto Equities Pre-Market Overview
| Company | At the Close of November 5 | Pre-Market Overview |
| Strategy (MSTR) | $255.00 | $252.70 (-0.90%) |
| Coinbase (COIN) | $319.30 | $318.90 (-0.13%) |
| Galaxy Digital Holdings (GLXY) | $31.44 | $32.17 (+2.32%) |
| MARA Holdings (MARA) | $17.33 | $17.09 (-0.23%) |
| Riot Platforms (RIOT) | $18.97 | $19.03 (+0.32%) |
| Core Scientific (CORZ) | $21.80 | $21.96 (+0.73%) |
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2025-11-06 17:46