Let’s recap: the shutdown started on October 1 because Congress couldn’t pass a budget. Shocking, I know. 🥱 About 750,000 federal workers got furloughed, and another 650,000 worked without pay. Airports turned into chaos-2,300 flights canceled, 8,000 delayed. 🛫✈️ And let’s not forget the 42 million Americans whose food assistance was on the chopping block. 🍎🚫 But hey, at least our politicians got their screen time, right?
Behold, the liquidity sweep! ARB, with the grace of a startled goose, has reclaimed its lost territories, forming a “textbook reclaim pattern” (a phrase so technical it sounds like a spell from a grimoire). From $0.38 to $0.40, the price wobbles like a toddler on a tricycle, then charges toward resistance like a bull in a china shop-except the china shop is a chart, and the bull is hope. The $0.50 pivot looms, a gatekeeper to a realm of $0.65-$0.70 dreams. Will it hold? Or will it crumble like a stale cake at a funeral?
Behold, two acts of macroeconomic folly threaten to unleash a torrent of liquidity and sentiment so potent, even Bitcoin might blush with excitement. Or collapse in laughter. Who can say?
Hedera Hashgraph, in a bold move of social ambition, hath been added to Google Cloud’s BigQuery public datasets. This means developers, analysts, and enterprises may now peruse the full transaction history of the Hedera network, alongside the illustrious Bitcoin and Ethereum-though one wonders if the latter two will suffer from the company of such a pretender.
Bitmine Immersion Technologies (NYSE American: BMNR) revealed on Nov. 10 that it now holds 3,505,723 ethereum ( ETH) valued at $3,639 per token, alongside 192 bitcoin and $398 million in unencumbered cash. 🤑
Who’d have thought eight Senate Democrats would ditch their party to save the economy? Spoiler: It worked! Republicans charmed enough cross-aisle votes to pass a measure that might just end the longest government shutdown in U.S. history. Bitcoin briefly hit $106K on the news, then settled at $105K like it was saying, “Nice try, but I’m still chaotic.”
On Monday, November 10, in what can only be described as a shockwave through the crypto universe, Aster, the decentralized exchange (DEX) for perpetual futures, overtook Hyperliquid. According to DefiLlama data, Aster’s 24-hour trading volume hit a record-breaking $11.94 billion. Yes, you read that right. It’s not a typo. It’s more than a modest sum.
This wasn’t just a bunch of mooning retail traders with too much time and not enough sense; it was the real deal, with institutional bigwigs jumping in like it was Black Friday. The 6.37% extra juice compared to the CD5 index showcased some serious asset-specific love, maybe even a whisper of confidence in the chaos.
The commencement of Phase 4 – Aster Harvest, and the most gracious decision of Coinbase to include ASTER in its Listing Roadmap, have kindled fresh hopes that this project might yet regain its former glory, despite its price lingering a full 53% below its peak. 🌱
Indeed, these tokenized euros have leapt from a mere $100 million in the early days of 2023 to a rather impressive $750 million in our present age. How very… continental. 🧐
