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. 😂
ABTC ended the day in a sorry state, down 38.83%, settling at $2.19. However, the resilient (or perhaps delusional) investors managed to push it up by 10.96% in after-hours trading on December 3rd. It’s like watching someone trip and then awkwardly stumble back up – the effort is there, but the damage has already been done.
And just when you thought they couldn’t get any more overachieving, CleanSpark expanded its contracted power capacity by 11%, hitting more than 1.4 gigawatts. This is a fancy way of saying they can now mine even more Bitcoin, probably using their very own nuclear-powered Bitcoin machines. Not really, but you get the idea.
