During a chat on the legendary Thinking Crypto podcast, Zach Pandl, the herald of all things research at Grayscale, mused that only a tiny sliver of global assets are basking on blockchain beaches. But hold your horses! In the next decade, this sliver might turn into a vast digital coral reef as the old finance crowd decides that blockchain isn’t just a fad but the future. Who knew? 🤷♂️
At first glance, the market looks about as enthusiastic as a sloth on sedatives. Big money isn’t flowing in, long-term holders are quietly panic-selling like it’s Black Friday at the crypto outlet, and the price is compressed tighter than a sardine in a yoga class. Yet, against all odds and reason, there’s still a path. Not a rational one. Not a safe one. But a path. And it involves the financial equivalent of setting fire to a pile of margin calls.
Economist and gold advocate Peter Schiff has warned that the U.S. dollar is approaching a dangerous breaking point that could trigger severe inflation, destabilize financial markets, and sharply erode living standards, arguing that the loss of safe-haven status risks cascading economic damage across currencies, bonds, and risk assets. 🚨
XRP has gone on a wild ride, starting its decline below the $1.9350 zone, joining Bitcoin and Ethereum in this sad little pity party. It dipped below $1.90 and $1.880-talk about a downward spiral!
Well, well, well! It appears Ethena’s synthetic stablecoin, USDe, has taken quite the tumble following the crypto market’s spectacular belly flop on October 10. What a show! 🎪
“If one delicately waltzes through the charade of adjusting Bitcoin’s halcyon days to the innocent visage of the 2020 dollar, dear reader, BTC exhibited nary a smidgen of courage beyond the $100,000 mark,” Wyatt the watchful Thorn cheerily divulged on a Tuesday most ordinary.
Back in an earlier AMBCrypto missive, we declared this token was in a bearish slouch. But this 16% bounce? A riddle wrapped in a mystery, sir! It plugged a gap on the 6-hour chart, and even the grumpiest whale sellers couldn’t drown it out. Still, the long game remains a bear’s picnic. 🐻
Once upon a time, global banks were wrinkled up like old laundry when it came to digital goodies. But guess what? JPMorgan Chase & Co. might just be contemplating setting up a nice little shop for institutional clients who are hungering for some crypto bites. A cheeky whisper from Bloomberg on Dec. 22 reached our ears, and suddenly, it’s as if Wall Street and digital goldsmiths are on speaking terms!
In a stroke of bureaucratic genius, the Bank of Russia has unveiled its latest masterpiece: “Cryptocurrency Access: The Deluxe Limited Edition.” Both the financially sophisticated (qualified investors) and the financially curious (non-qualified investors) are now permitted to dabble in digital assets-though the latter must do so while wearing metaphorical training wheels. Non-qualified investors get an annual allowance of 300,000 rubles (roughly enough to buy a decent samovar), while qualified investors may frolic freely-so long as they avoid the forbidden fruit of privacy coins. The proposal, naturally, has been tossed into the government’s lap like a hot potato.
The Highlights, Dear Reader, Are As Follows:
