tag, under 100 characters, and not repeated as a header. End of Thought (21.27s) Bitfarms Dumps Bitcoin for AI: A Tale of Capitalist Survival 🚀

Let us marvel at the Washington site’s transformation: a former 18-megawatt cryptomining vault, now to be “upgraded” with liquid-cooled GPUs. By December 2026, it will stand as a monument to humanity’s unyielding quest to be ruled by machines. The announcement, made on Nov. 13-a date suspiciously close to the Ides of March-hints at a betrayal of capitalist proportions. 🚨

ETF Listing Sparks Hope

Now, don’t get too excited just yet – this doesn’t mean the US Securities and Exchange Commission (SEC) has given it a thumbs up 👍. But, it’s a significant milestone, and market watchers are taking it as a positive sign 🌟.

XRP’s Whales Gone Rogue! Will Retailers Pedal or Fade? 🐳💸

This kerfuffle heralds a new age for Ripple’s court, where beggars and kings might dine in the same crypto tavern. After years of regulators batting you about like a rogue toad in a sock, they now nod with the solemnity of a jester crowned emperor. Institutional nodwits now gawk at you as a “legit digital commodity.” Puh-lease! Next, the moon will invest in Ethereum! 🪙🌕

FDIC’s Crypto Circus: Tokens, Stablecoins, and the Great Blockchain Balancing Act 🎪

The Financial Circus in Full Swing

Acting FDIC Chair Travis Hill, a man who has waxed poetic about tokenization with the fervor of a true believer, proclaimed at the Federal Reserve Bank of Philadelphia’s Fintech Conference (a gathering of modern-day alchemists) that the regulator shall one day bestow upon us guidance for this newfangled tokenized deposit insurance. “A deposit is a deposit,” he declared, as if revealing a profound truth, “whether it dwells in the dusty halls of traditional finance or dances upon the blockchain’s glittering stage.” 🕺✨

U.S. Reopens: Crypto Cha-Cha and Fed Drama! 🎭💸

According to Pal, the first major change will come from the Treasury General Account (TGA). With the government back in action, TGA spending will resume, steadily injecting liquidity into the markets like a bartender pouring drinks at happy hour. He expects this inflow to continue for several months, providing a much-needed financial hug to the economy.

Bitcoin’s Wild Ride! 📉

By 5:00 am, Greenwich mean time, or whenever folks start makin’ coffee, Japan’s Nikkei was down a good 1.73%, sittin’ at 50,392. South Korea? They weren’t farin’ much better, KOSPI droppin’ 3% to 4,045.44. Hong Kong’s Hang Seng took a sip of trouble too, down 1.13% at 26,767. Even Australia’s S&P/ASX, usually a sturdy one, lost 1.44%, endin’ up at 8,627.5. Seems nobody wanted to play today. 😔

Kalshi Partners with Coinbase to Secure USDC Reserves, Expanding Event-Based Trading

On November 13, Kalshi made it official: Coinbase Custody is now the keeper of their USDC reserves. The company says this move will bolster traders’ confidence by ensuring the safety and stability of the funds backing each market. And by “stability,” they mean cold storage, segregated accounts, and those oh-so-precious compliance standards used by the big boys of finance. Talk about playing it safe… 🛡️