qfx Indeed, it appears that Taiwan is poised to unleash its first regulated stablecoin, much like a finely-aged wine being uncorked just shy of expiration. Lawmakers and regulators are painstakingly perfecting the Virtual Assets Service Act, with a launch aimed for no sooner than mid-next year.
On December 2nd, during the House Financial Services Committee (FSC) hearing-yes, that grand theater of “serious talk”-Republican Rep. Bryan Steil leaned in, cleared his throat, and said, with the urgency of a man whose Wi-Fi is buffering:
The centralized exchanges, once the titans of the digital realm, now find themselves in a state of quiet despondency. Their volumes, which had soared to 2.17 billion dollars in October, have now dwindled to 1.59 billion, a loss so steep it would make a monk weep. 🧘♂️ The lowest since June 2025, a time when the world still believed in the alchemy of blockchain. 🪄
To grasp the magnitude of this reset, let’s peer into the crystal ball of Coinglass data. Back in July, XRP open interest hit a staggering $10.9 billion, a number so high it made even the Auditors of Reality raise an eyebrow. 📈 But, as is the way with all things in the Discworld of crypto, what goes up must come down. Faster than a broomstick with a loose screw, the open interest tumbled to a mere $3.75 billion, a 65% crash that left traders clutching their ledgers in dismay. 📉
Oh, what a day for Chainlink’s native token, LINK! It soared 7% over the past 24 hours, outpacing the broader crypto market like a squirrel racing a train. 🐿️⚡
Initially available in 10 states and heading toward giants like California, Texas, Florida, and Washington, it lets folks bet on everything from sports scores to political decisions and economic rollercoasters. By 2026, they want to throw in crypto prices, IPOs, tech innovations, movies-basically any chaos you can bet on.
This landmark legislation creates a completely new category of property rights specifically designed for the digital age. For the first time in UK legal history, cryptocurrencies like Bitcoin, stablecoins, and NFTs have clear legal standing as personal property that can be owned, inherited, and recovered when stolen. 🧠✨
Whispers from the Market:
Ah, Ethereum! A volatile beauty that dances between glory and despair, like a diva caught in a tragic opera of liquidity swings and ETF outflows. One moment it’s soaring, the next, it’s plummeting. Truly, it’s the drama we never asked for, but are all too happy to witness.
Pi’s market cap has slipped to $1.91 billion, and trading volume has dipped more than 16%. Because nothing says “investment opportunity” like a 16% drop. 😂
