Cryptonews

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.”

Michael Saylor, the man who thinks “portfolio diversification” is a dirty word, recently declared on a podcast that STRD is getting ghosted by investors. “Why?” he wailed. “It’s like choosing a lollipop over a piñata! More sugar, more confetti, MORE STUFF!” 🍬🎉

Michael Saylor, der Mann, der Bitcoin zu seinem Lebenswerk gemacht hat, postete kürzlich eine Grafik auf X, die alle Blicke auf sich zog. Mit den Worten „Der wichtigste orange Punkt ist immer der nächste“ ließ er die Welt wissen: Ein neuer Kauf steht bevor. Wer Saylor kennt, weiß, dass solche Andeutungen nicht weniger sind als ein Countdown zum nächsten Milliarden-Blitz. Die BTC-Community reagierte prompt – wie ein Haufen Hunde, die ein Auto bemerken. 🐶

One might have thought that the Friday 10 October crash would have provided a sturdy floor for $BTC’s price, but alas, such a long candle wick to the downside required filling before the price could rise again. And so it was, with the price proceeding to fill that wick and even making a lower low at $103,600. A true testament to the resilience of the market… or its penchant for self-sabotage. 📉

This isn’t a bold prediction about the form decentralized finance will take months or years down the line, either: it’s already occurring if you know where to look. Like all transformative technologies, automated DeFi is here – it’s just not evenly distributed. To witness this shift in action, we need only look to WOLF by Byrrgis, whose use of Curated Packs is pioneering collective trading in which DeFi investment is both simpler and safer. Here’s how it works. 🤯