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Turns out, Coinbase’s venture squad is already cozy with BVNK, like that friend who borrows your sweater and never gives it back. They’re poking around to see if an “aren’t we just friends?” situation can turn into “we’re totally an item.”

According to the latest study by Electric Capital, stablecoin usage is global, but the Americas generate more stablecoin activity than even more populous regions. The report highlights that large wallets-those holding $100,000 or more-tend to be active during business hours across Asia, the Middle East, Europe, and the U.S. East Coast. This pattern suggests institutional or professional users operating in major financial centers. Or, perhaps, just insomniacs with too much time and money on their hands. 🌃💸

This grand scheme, currently enjoying a mNAV equivalent to roughly 1.2x of what they call net asset value, indicates that investor excitement might have ebbed as BTC settles its hash around the $110,000 mark. But wouldn’t you know it, Strategy shares often have a knack for Party Hardy, jumping over 5% on a Friday because apparently, optimism about market stability and whatnot is more potent than a Dwarf King’s ale.

The chaos erupted after traders slashed their leveraged positions, following the catastrophic $19 billion liquidation. This signals that demand is now shifting towards actual Bitcoin ownership and self-custody-imagine that, huh? No more gambling with your savings! 🤑

Traders, those ever-anxious souls, are in full-blown panic mode after Fed Chair Jerome Powell hinted that the recent 25-basis-point rate cut might be the last one until 2025. He warned that the Fed might “wait a cycle” before introducing further easing, dashing hopes for faster monetary relief like a cruel joke at a miser’s funeral.

On October 31 (yes, Halloween-spooky financial decisions abound), they announced on X (formerly Twitter, because why not?) that every Bitcoin payment will be tucked into their SBR. And get this-they’re donating 210 satoshis (aka $0.23, or roughly the cost of a fry) from every Bitcoin-themed meal to the OpenSats Initiative. Because nothing says “we care” like rounding down to the nearest sat. 🧡

Commotion wiggles all over social media, like a drawer full of ferrets-ye can’t miss it! New arrangements with the x402 protocol and some clever incorporation with Coinbase’s AI payment standards have whispers of gold rush in the air. Big wigs, or “whales” as they’re affably called, have been swimming close by, and a big ol’ buy-side blush can be seen on the charts. Each moment brings new kindles to the fire and leaves the so-called “FOMO” more buildin’ than the Calloway mansion itself.

On Thursday, the ever-optimistic investor and analyst Will Clemente tweeted on X (yep, that’s still a thing) that “the vibes in the crypto group chats are just sad.” Apparently, the once vibrant crypto crew now feels “jaded, depressed, and defeated.” Who knew investing in crypto could feel like a breakup? 😬

On October 31, Bitwise filed Amendment No. 4 because apparently four amendments just feel fancier than one. The big reveals? NYSE as the venue (“because who doesn’t love tickers and Broadway?”) and a 0.34% fee. Eric Balchunas, that SEO-obsessed crypto oracle at Bloomberg, spilled his coffee over the keyboard praising it: “Bitwise checked nearly all boxes!”

Currently, our sturdy Bitcoin is battling beneath the $110,000 level, with traders scratching their noggins and hearts wobbling like jelly in a storm. Ever since the Fed’s little dance with the interest rates, folks are all antsy and discordant; volatility has been afoot, and sentiment is more sour than a day-old lemonade. Disappointingly, the sweetness of optimism was chased away faster than a rattlesnake on a hoe. The markets seem to be adjusting their gears after a spell of frenetic speculation and an episode worthy of a Wall Street soap opera in October.