Why is this Friday so special? Well, it’s the first time since 2018 that CPI is released on a Friday. Because nothing says “excitement” like a surprise economic report on a day when most people are already over their coffee. ☕️📉
You see, ZK proofs are the backbone of privacy and scalability in the Ethereum realm, but they’ve always been a bit of a slow coach. GKR, however, skips the tedious commitments that traditional systems like STARKs insist on, much like how one might skip the boring bits of a never-ending story. Instead, it only commits to the inputs and outputs, saving time and resources like a clever fox hoarding its treasures. 🦊💰
As both digital titans dare to lift their identities from the rubble, Ethereum appears to be leading the zealous dance of institutional acceptance. It’s a slow waltz, but oh, such melodious potential! Where once Bitcoin held the spotlight, a seismic pivot towards Ethereum has sent ripples through both crypto and traditional finance circles. Nothing says ‘trust me’ like a little institutional frenzy-Blame it on BlackRock, the heavyweight champion of asset management, which is now flinging a chunk of Bitcoin into the ether-as if it were last season’s fashion! 💼
A newly formed Nevada company says it will go public and build what it calls a large, publicly traded xrp treasury through a merger with a blank-check firm. 🧠💸
The number of XRP whale addresses has soared to a dazzling 317,500, a record that even the most extravagant of us would applaud. Accumulation, my dear, is the new black. 🦈💼
Bitcoin mining profitability slid more than 7% in Sept. as the price of the world’s largest cryptocurrency fell 2% while the network’s hashrate jumped about 9%, according to investment bank Jefferies. One might say the crypto gods are in a particularly cruel mood. 😈
As of the latest price data, Ethereum sits at $4,037, marking a 4% rise for the day-just a little reminder that even the most battered assets can bounce back. Despite still being in the red for the week and month (we’re not going to sugarcoat it), ETH’s upward momentum is creeping in like a slow but inevitable tide.
One cannot help but ponder the Faustian bargain forged ‘twixt man and machine, commenced in that balmy summer of ancient BTC lore, when Strategy, in its infinite wisdom-or blindness-devoted nigh $47.4 billion to this spectral hoard. And what doth it yield, in this carnival of volatility? The USD shadow of their crypto epiphany swells to over $71 billion, bestowing upon them a phantom profit of nearly $24 billion, paper-thin and ethereal as a saint’s halo! Yet, in the theater of tragedy, the firm’s stocks-for they too bleed red-have plummeted southward, from pinnacles above $450 in those halcyon days, to a mere $289, a 13% descent in thirty miserly rotations of the earth. Sarcasm drips like bitter nectar: “To hold forever,” they cry, but dear Saylor, doth thou not tremble at the soul’s ledger? 😂 This is no yield of redemption, but a dance with chaos, where greed whispers sweet nothings and bankruptcy lurks like a jilted lover. Beware, for even Dostoevsky knew the underground man laughs aloud at such financial fits! 🙃💸
All these tears and tantrums follow a weekend tempest that swept through crypto, wiping out over $19 billion worth of leveraged fools playing the game with fire. The culprit? An unexpected, eyebrow-raising act by none other than Donald Trump-yes, that Trump-who declared a 100% tariff on Chinese imports, sending markets into a frenzy of panic and low liquidity. The kind of chaos where morals and rationality go out the window faster than you can say “pump and dump.”
