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After a year of record-breaking gains, the artificial intelligence (AI) sector is now flashing warning lights like a weary clockwork bird. These AI bubble warnings are getting the blame for the latest market nosedive, rattling everything from Wall Street’s blue chips to the wild world of crypto-where dreams are as fleeting as a cryptocurrency’s value. 📉
Strategy, once strutting around as MicroStrategy (a name that surely gave them bonus points in the “we’re very important” department), has crashed down to a humble $250. That’s a drop of 45% from their peak this year, which was probably accompanied by confetti and a mariachi band.
And oh, the volatility! Bitcoin’s brief flirtation with the coveted six-figure club brought cheers and gasps, while altcoins watched with narrow hopes and even narrower liquidity – because in this world, thin liquidity makes you more vulnerable than a kitten in a lion’s den, as our friends at Wintermute might tell you after one too many cups of coffee.
Announced at Ripple’s Swell 2025 event-where else would you announce a scheme involving “regulated stablecoins” and “decentralized payments networks”?-this plan aims to make financial infrastructure about as complicated as a snozzberry. Which is to say, not at all. 🍫
According to CoinGlass data, Dogecoin futures volume came in at $172 million on Bitmex, a 9,616% increase in the last 24 hours. One might say the market has finally embraced the dog’s eternal optimism. 🐕💰
WhiteBIT has declared its intention to launch in Argentina and Brazil, where the air is thick with opportunity and inflation. Regulatory hurdles, once formidable, now bow to their B2B and B2C services, which they’ll deploy with the subtlety of a flamenco dancer’s heel. One can only imagine the regulatory tango they’ve danced to achieve this.
Bitcoin, that fickle lover of the digital realm, briefly dipped below $100,000 for the first time since June as a wave of liquidations and shifting macro expectations triggered a broad crypto sell-off. 🌊💸
Enter ND Labs, our superhero in white lab coats (we’re still not sure why the coats are white). They offer a crypto wallet solution that’s cheaper than a day-old donut! 🥳 Think of them as the fast food of crypto wallets; you get all the tasty features without having to wait in line or worry about whether it’s made with “real” ingredients.
In a jolly post to his followers, our crypto pundit, with a flourish of his digital quill, highlighted that Bitnomial is now the first clearinghouse in the land to accept stablecoins as margin collateral. “Utility is going mainstream,” he trilled, as cheery as a chap with a new hound. He even shared a snapshot from Bitnomial’s official announcement, pointing out that Ripple USD (RLUSD) and XRP are now part of the company’s first-ever stablecoin margin program. Top hole!
Ripple President Monica Long shared opening remarks at the conference. In a conversation that set the stage for the Swell 2025 event, Nasdaq Chair and CEO Adena Friedman joined the Ripple president to discuss the transformative potential of digital finance, assets, and blockchain. 📈✨ (Because nothing says “transformative” like a spreadsheet with a fancy name.)