On December 12, 2010, the father of Bitcoin, Satoshi Nakamoto, ceased to converse openly with the world through the forums-an act as subtle as a wizard vanishing in a puff of smoke. That day, he pushed out a humble little update-a build so modest yet crucial, version 0.3.19-accompanied by a message that was, in essence, a gentle nudge: “Keep going, folks.” Such confidence, huh? 😅
Meanwhile, Bitcoin, that newsworthy rock in the crypto pond, has bounced back above $94,000 – only to crumple nearly 2% on a sleepy Friday, as if it couldn’t decide whether to stay in bed or get up and conquer the world. Ether, the ‘almost-too-cool-for-school’ sibling, took a 4% vacation, nosing around $3,100. The other alts (SOL, XRP, BNB, ADA – we see you) decided to follow the trend of uncertain teenagers, losing yesterday’s gains with all the grace of a cat falling off a windowsill.
In the labyrinthine world of Exchange-Traded Funds, the XRP funds have emerged as the unexpected prima donnas, their growth as audacious as it is bewildering. Since their debut, they have not merely kept pace with their Bitcoin and Ethereum counterparts but have threatened to eclipse them, a financial Cinderella story sans the glass slipper. 🌟📈
Oh, modern grids-those chaotic beasts-generate enough power to make a Roman god jealous. During perfect weather, renewable sources surge like drunken poets, while old coal plants blunder along, producing too much power-power that, alas, vanishes like dreams at dawn. Huang, with the smugness of a wizard who’s just discovered the secret to eternal life, suggests Bitcoin mining as the magic trick-turning wasted energy into a borderless digital feast. 💡➡️💸
Let us now dive into the thrilling world of these three cryptocurrencies, and-brace yourself-perhaps even uncover some truths about their less-than-heroic journeys.
The XRP Ledger (XRPL) released version 3.0.0 of its reference server software, rippled, introducing a wide-ranging set of amendments, bug fixes and internal changes aimed at improving accounting accuracy, developer tooling and long-term protocol extensibility. Because who doesn’t want a ledger that’s just slightly less error-prone? 🤷♂️
On December 12, Santiment revealed that XRP’s 30-day Market Value to Realized Value (MVRV) ratio sits at a cozy -6.1%. Translation: the average buyer is nursing a paper loss while the rest of us might just have a swing trade opportunity. Or, in plain English, it’s a financial “wait, what?” moment.
The Bank of Japan, with its air of quiet determination, is poised to nudge its policy rate to 0.75% at the December 18-19 gathering-a modest 25-basis-point adjustment, yet one that whispers of a bygone era. Analysts, ever the pragmatists, assure us the markets have already factored this in. How reassuring. 🙄
Sei Network has clarified the details of its partnership with Xiaomi, highlighting that the partnership focuses on pre-installing a Sei-based crypto wallet on Xiaomi smartphones. Because nothing says “innovation” like a wallet that’s already on your phone but won’t let you use it. 🚫
An exhortation most pressing has emanated from the esteemed market analyst, Steph Is Crypto, whose wisdom has spread like wildfire through the community. He implores, with a fervor that cannot be mistaken, “Touch not XRP anymore!” In a recent missive shared upon the platform X, he unveiled a forecast most disquieting, wherein the long-term indicators of this altcoin portend a scenario most dire, echoing the tribulations of bygone market cycles. 🕵️♂️