PricPR

Why, you ask? Well, apparently, they’re just *so* interested in supporting “local innovation” (read: make money from it), expanding access to digital assets (which basically means more ways for you to lose money), and, of course, enhancing global collaboration. Because the crypto world really needed more collaboration – what with the whole “decentralized” thing going on.

On Friday, Bitcoin, the crypto titan, nosedived from $122,000 to $103,000, much to the dismay of investors clutching their altcoins like talismans. The broader market wilted, with altcoins shedding value and stablecoins-yes, even the ones named “USDe”-wobbling like a toddler on a trampoline. 🤯

Some very clever analyst – Maartunn, bless their data-crunching heart – over on X (formerly Twitter, remember that?) noticed this whole thing. It’s about “Exchange Withdrawing Transactions”, which is a fancy way of saying people are moving their stablecoins from the exchanges to… well, themselves. Basically, digital self-custody. Because trusting anyone else these days? A risk. 🙄

So, what’s causing this meltdown, besides the obvious answer: everything? Well, Ethereum followed suit, shedding 5% and slipping below the magical $4,000 mark. XRP, however, was the real drama queen, plunging a heart-stopping 7%. At this rate, XRP is about to start offering emotional support to all the other cryptocurrencies with its sob story hovering around $2.40. Get a tissue, guys, we might need it.

And no, it’s not just a place where tech nerds can hang out and discuss the finer points of cryptocurrency over overpriced lattes. This new office, led by the oh-so-serious Moises Rendon (because, of course, it has to be someone named Moises), has grand plans. The goal? To put blockchain and crypto on the map in NYC like never before. Talk about *blockchain goals*.