The Cardano Decentralized Finance (DeFi) ecosystem is facing harsh criticism after a crypto pundit, Fallen Icarus, called out the leading blockchain for its core problems. His statement, which was mainly targeting the network’s discrepancy, was shared by Andrew Throuvalas, the co-founder of Charmsdevs. 🤯
In a note, as dry as a Moscow winter, strategist Nikolaos Panigirtzoglou and his coterie proclaim: the deleveraging, that specter of October and November, has passed. The stage is set for Bitcoin’s encore. 🎭
In a scroll dated November 5th, Ripple didst declare its alliance with Mastercard, WebBank, and Gemini. Behold! The Gemini Credit Card, once a humble plastic chalice, shall now be filled with the nectar of RLUSD on the XRP Ledger. A public blockchain, settling transactions betwixt Mastercard’s empire and WebBank’s coffers? Verily, this is a spectacle! 🎪
Wood, ever the romantic, laments that stablecoins have commandeered the roles she envisioned for Bitcoin-a store of value, a global settlement system. Alas, the market, that fickle mistress, now fawns over stablecoins as the true digital money. How dare it! 😤 Her $300,000 adjustment is but a tear in the fabric of her once-unshakable conviction.
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On-chain data, that immutable ledger of the digital age, reveals a sum of 45,000 ETH-approximately $154.5 million, a figure that would make even a Victorian banker weep into his brandy-was spirited away from Aave, that lending protocol of yore, into Lido’s staking pool, a sanctuary for those who wish to keep their coins in a state of perpetual limbo.
But the market grows, and the days of a cute dog or a viral frog sustaining a multi-billion-dollar valuation are fading. A new trend has emerged: the meme coin with a mission. Suddenly, every new coin is launching with staking, a Layer 2 solution, an AI component, or a metaverse plan. Is this a genuine evolution or the most sophisticated marketing ploy yet? 🧠⚡
The clowns are holding loan guarantees.
A quick guide to awaken your inner high-roller:
