Cryptonews

And here’s the kicker: the platform’s been shoveling money into buybacks like a desperate ex buying back their dignity. Spoiler: It’s not working. 🎭

It was in the year of our Lord 2023, when the venerable investor Warren Buffett, whose wisdom is as deep as the Russian winter, did utter a dire warning to the world, as relayed by the author Robert Kiyosaki, whose prose is as sharp as a samurai’s blade. “Behold!” cried Buffett, “the Artificial Intelligence-driven stock … Read more

Bitcoin, once a titan of $90,500, now stumbles like a drunk poet. The former support level, now a cruel gatekeeper at $88,000, watches as traders sip tea and wonder if this is the day they’ll finally break free-or drown in liquidity. 🤷‍♂️

Market flows continue their eternal dance, favoring the venerable safe-havens, as if whispering, “Come to us, weary traveler, we won’t let you down.” Meanwhile, Bitcoin, that digital enigma, lingers in the shadows, hesitating like a cat unsure whether to pounce or nap-failing to muster the strength of new believers. 🐱💻

Wintermute, a most significant figure in the realm of cryptocurrency trading, has come under the discerning eyes of critics for its rather curious decision to divest itself of considerable sums of Bitcoin ($BTC) and Ethereum ($ETH). The timing of these sales, coinciding with an important Federal Reserve meeting, has prompted a flurry of concern among the market’s participants, who are whispering rather loudly about the possibility of underhanded dealings. 😏

This peculiar inertia persists even as stablecoin supply balloons, propped up by U.S. Treasuries like a monocle-holding aristocrat clutching a last shilling. All are content to remain liquid, yet none dare to dip their toes into the market’s murky waters-perhaps fearing they’ll tread on a metaphorical rake. One might think they’re preparing for a picnic, not a trade.

Under the proposal, cryptocurrencies and stablecoins will be legally recognized as currency values that can be bought and sold. However, they remain prohibited as a means of payment inside Russia. 

This decline, coinciding with Bitcoin’s most lackluster fourth quarter since the halcyon days of 2018, is being spun as a “rare setup,” a phrase that might as well be etched on the tomb of every over-optimistic investor. VanEck, with the aplomb of a seasoned raconteur, assures us that such dips are but the overture to a symphony of long-term gains, rather than the dirge of prolonged weakness. 🎻

On a Tuesday, as the sun cast long shadows over the digital frontier, Gnosis took to the X post, their voice crackling like an old radio. “We’ve done it,” they declared, “the funds are out of the hacker’s greasy paws.” A partial victory, perhaps, but a victory nonetheless. 🥳🙌

Glassnode, in a recent missive upon X, declared that nearly all crypto sectors had languished beneath BTC’s performance over the past three months, a state of affairs that bespoke “a market environment where capital concentration favors BTC.” A most solemn affair indeed! 🤷♂️