Cryptonews

It’s like watching a tornado tear through a candy store-$430 million in altcoin liquidations, ZEC dropping 20%, and ENA/TIA taking a dive faster than a goldfish in a hurricane. 🧨

Ripple Labs has finally received the green light from Singapore’s central bank to expand its payment activities across the country. It’s like a high school student getting an “A” on a paper they didn’t actually write. This comes at a time when Ripple has been busy working on various strategic initiatives, including acquiring companies faster than a college student buys textbooks. Ripple’s Singapore subsidiary, Ripple Markets APAC, now operates with enhanced regulatory powers under the company’s shiny new Major Payment Institution (MPI) license. Oh, the power!

Speaking at the “Payments in the Evolving Era” conference (a title so grand, it could only be matched by a Gogol novel), Yaron lamented that stablecoins, with their $300 billion market cap and $2 trillion in monthly transactions, are now as embedded in global finance as a nose is to a face. Or, as he put it, “Given adoption among the public, it cannot be said that this is a marginal phenomenon”-a statement as obvious as declaring the sky is blue. 🌌

Altcoins, naturally, join the parade of doom. ETH, the ever-hopeful, has now kissed goodbye to the $3,000 and $2,900 levels, while XRP-bless its heart-finds itself clinging desperately to a faint lifeline at $2.00. Oh, the struggle…😩

In a recent interview (because who needs hobbies?), Hayes dismissed bear market rumors like they’re last season’s drama. “Oh, a 15-35% dip? Just a coffee break for liquidity,” he quipped. Sarcasm served, folks. 🐻❄️

Now, if you’ve been following Bitcoin’s daily temper tantrums between $86,000 and $93,000, you might be thinking: “This is going to the moon, right?” Well, Mr. Brandt’s latest post on X (where he tends to throw these little reality checks) has a different story. He pointed to a long-term channel that’s been as consistent as your grandma’s homemade pie – and let me tell you, this pie’s ingredients include the numbers from 2013 onwards. And, surprise, surprise, Bitcoin hasn’t reached the top of this channel yet. It’s like a teenager trying to touch the top shelf but can’t quite make it. 🥴

But wait, there’s more! Inflation is still lurking in the shadows like that one colleague who always steals your lunch. Sure, the numbers are slightly better (IMF says global inflation is down to 4.2%-yay? 🥳), but let’s be real, it’s still higher than my standards for a Tinder date. And while it’s not dominating headlines anymore, it’s still calling the shots behind the scenes, dictating where your money goes and which assets get the VIP treatment.

Alas, another month unfurls its shadow upon the desolate wasteland of the cryptocurrency realm, where the once-vibrant hues of hope have been drained into a monochrome abyss. Behold, the market bleeds, and the coffers of $200 billion vanish in a mere 12 hours-what dire omens hang in the air?

Within its rhythmic bounds, Zcash navigates a bullish pattern, each grand leap since autumn’s gaze, guided faithfully. Touching now the lower thread of that metallic web, a lifeline, that, if profaned, could spell doom for the long hanker for days more kind. Two arcane metrics do suggest: the sellers might be loosening their grip, but to keep that vital line safe, ZEC must bend but never snap.

The entire crypto market collectively lost $144 billion in a few hours. That’s more than my entire dating history’s worth of disappointment. Ethereum, XRP, and Solana followed Bitcoin’s lead like sad little ducklings trailing their depressed mother.