The proposal marks a sharp departure from the oversight structure established under the landmark Markets in Crypto-Assets (MiCA) framework and could introduce significant legal uncertainty. Welcome to the EU’s version of “Let’s All Be Bureaucrats.” 🤯
Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment. 🪙📉
Bitcoin fundamentals are as solid as a house made of Jell-O, but hey, at least the Jell-O is in a bear market! 🧁📉
Hayes reckons Zcash is the golden goose, with a teeny-tiny market cap compared to its super-secretive, privacy-focused charm. He’s even dreaming of a 0.2 BTC per ZEC valuation-that’s a whopping $300 billion market cap! Whether that’s as likely as finding a Wonka bar with a golden ticket, who knows? But Zcash has already been zooming like a rocket, up 18% in a week and 235% in a month. Meanwhile, other altcoins are face-planting into the mud. 🏎️💥
So, the Canary XRPC ETF dropped and, like a boss, it slayed the game with $58 million in first-day trading volume and $245 million in net inflows. 💰 Skipper_xrp (yes, that’s a real name) spilled the tea on X, and now everyone’s convinced BlackRock is secretly tinkering with an XRP trust in their fancy boardroom. 🤫 Meanwhile, Ripple CEO Brad Garlinghouse is out here dropping hints at the Swell event like it’s confetti. 🎊 Collaboration with traditional financial firms? Sure, Jan. But is BlackRock actually biting? Stay tuned! 📺
MicroStrategy, that most zealous of crypto enthusiasts, has executed another Bitcoin binge. They acquired 8,178 BTC (yes, really) for a princely sum of $835.6 million. The average price? A mere $102,171 per coin-though “mere” is perhaps too modest a word when one is tossing around eight-figure sums like confetti at a Cossack wedding. This was done during a market dip, which, to the uninitiated, is just a polite way of saying “prices fell slightly.”
According to a report filed with the US Securities and Exchange Commission-think of it as the company’s way of saying, “Look how serious we are”-the purchase marked quite the boost from their previous weekly haul of about 400 to 500 coins. Clearly, Strategy is feeling bullish or perhaps just fancied a change from their usual tiny nibble.
The Ethereum network, that sly fox, has slipped into a phase of “quiet” real-world growth-soaring transaction revenues, stablecoin settlements surging like a Tsar’s treasury, and dApps proliferating faster than rumors in a Moscow tavern. All while the price stumbles like a drunkard at a Red Square parade. 🚩🚀
German digital rights champion and Pirate Party Germany’s very own Patrick Breyer (think of him as the Robin Hood of the internet, minus the tights) declared in a Nov. 15 X post that the EU’s sneaky backdoor-a clause mandating client-side scanning of messages-has been unceremoniously booted from the latest draft of the “Regulation to Prevent and Combat Child Sexual Abuse.” Or, as it’s affectionately known, Chat Control. According to Breyer, the Danish Presidency of the Council of the EU (yes, Denmark, you sneaky rascals) added this gem:
Thin bid support and high leverage risk are tilting investor preference toward stocks, while crypto struggles to find a stable footing. 🏗️📉
