According to a spicy October 9th Bloomberg report, Bitdeer is ramping up its own mining operations as part of its grand strategy to become one of the world’s top five Bitcoin miners. How are they doing? Well, in August, Bitdeer mined 375 BTC, ranking them a cozy sixth place, just behind some of the big boys like MARA Holdings (MARA) and Riot Platforms (RIOT). They’re knocking on the door, folks! 🔨
Ethereum’s onchain activity is structurally higher, signaling durable growth.
A $5 billion drop in Open Interest-like a sudden rain shower on a picnic-signals a healthy reset. BTC dominance, sturdy as an oak, and ETF inflows keep the momentum BTC-led. The market, neither bull nor bear, drifts into neutral territory, a no-man’s-land of indecision. The Season Index, at 55, shrugs its shoulders, and the Fear & Greed Index mirrors this calm, like a lazy cat in the sun. 😼🌤️
The approval lets Bybit legally offer virtual asset trading, brokerage, custody, and fiat conversion to both retail chaps and institutional bigwigs, all under the UAE’s neat regulatory umbrella. A proper step toward turning the UAE into a global hub for digital assets and Web3 finance, with a sunlit bow on top. 😎
On this fine October morn, Ripple announced a union with Bahrain Fintech Bay (BFB), a name that sounds more like a vacation destination than a fintech hub. The Kingdom of Bahrain, ever the early adopter, has embraced blockchain with the fervor of a convert, and Ripple is only too happy to play the role of missionary. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, waxed poetic about laying foundations and offering custody solutions, as if XRP were a fragile artifact in need of preservation.
Yet, in the midst of this despair, a technical signal on the chart dares to whisper of hope. But can XRP cling to its critical support level? The question hangs in the air, heavy as a Dostoevskian existential crisis. 🌪️
Hearken, for Bitcoin has stubbornly clung to its lofty perch above $120,000 after a most curious 8% leverage reset! Imagine the panic in the futures markets, the frantic movements, as if they were players in a grand and chaotic ballet! 🩰
Analysts nod sagely, claiming history repeats itself-capital flees gold like a bad marriage and runs into Bitcoin’s digital arms. 💍➡️💻
Despite the lackluster performance, some sneaky accumulation is going on behind the scenes. Looks like something might be brewing under the surface… maybe? Who knows?
