Bank Indonesia (BI), that stalwart of monetary order, now strides boldly into the digital frontier with its latest brainchild: a stablecoin. This marvel, underpinned by SBNs, shall purportedly “revolutionize” Indonesia’s financial system. One wonders if this entails replacing the national bird with a blockchain. 🐔➡️💻
According to the latest figures from CryptoQuant, SHIB’s exchange netflows have been as negative as my mood when my phone dies at 1%. On October 30th alone, a mind-boggling 11.7 trillion SHIB left exchanges. You’d think this would be a sign that people are stocking up, right? Wrong. This could mean people are simply giving up on it. Trading volume is tanking, and investor participation is dropping faster than a bad TikTok challenge. The conclusion? Traders aren’t showing up, and no one’s getting excited about it. 📉
Alright, so Zcash (ZEC) made a surprise appearance at a 7-year high-$370.11 on Monday, October 30. Let’s just say this token is making a comeback that could rival any of your favorite ’90s bands. The last time it saw this high was May 2018, but we all know time flies when you’re in crypto.
This move plonks one of Ethereum’s most vital cogs into the spotlight of public market scrutiny and, more importantly, the treasure trove of capital. After nearly a decade of being a privately held, founder-controlled Web3 software company, it’s time to see if the big bad world of stocks will give them a warm welcome. Or a cold shoulder. Or a sideways glance. Who knows? 🤷♂️
Thompson spilled the tea: “Powell was basically doing interpretive dance for the admin-like, ‘If you don’t fix the shutdown, I’m not cutting rates. And yes, I did just comment on market pricing. Surprise!’” Classic Powell. Normally, he’d be like, “I don’t do market forecasts,” but this time? He broke character. Why? Because the Fed’s been running on fumes since October 1st-no labor data, no inflation numbers, just vibes. 🤷♂️
This marks the latest step in the custody bank’s measured approach to bringing traditional financial products on-chain. 🧠 Because who wants to rush into a blockchain future?
The Fedi collective, in their infinite wisdom (or perhaps sheer audacity), has unleashed the G‑Bot Federation Setup Service upon the world. This chatbot, with its three-step ballet of simplicity, guides the uninitiated through the creation of private federations, complete with hosted Fedimint servers, trusted guardians, and the elusive “stable balance” module. For a mere $30 a month, one can ascend to the ranks of Whale, Shark, or Dolphin-titles that, alas, do not come with aquatic abilities. 🐳🦈🐬
Ah, but here we have our gallant Securitize-the very paragon of RWA tokenization-revealing their ambition to make these high-quality floating-rate credit instruments as accessible as a common jest! All of this, with the enchanting power of blockchain technology to lighten our path! 🌟
As the Hong Kong press whispers, Kelvin Wong Tin-yau, the SFC’s steward, has declared war on the illusionists who trade in premiums higher than the value of their assets. “What madness,” he intoned, “when a company’s stock soars twice the worth of its crypto hoard! Is this not the height of folly?”
Ah, XRP. For years it lingered, a curious thing in the digital ether, primarily spoken of in hushed tones concerning the swift transfer of funds across borders. A practical concern, to be sure, but lacking the… drama of its brethren. Now, it appears, the world is taking notice. Or, rather, a few large entities are, and proclaiming this awareness with the solemnity of accountants auditing a particularly lucrative quarter. One begins to suspect a touch of self-importance, doesn’t one? 🙄 The past three months, it seems, have been a period of ‘reshaping’ for those who observe such things – the ‘investor view’ of the XRP Ledger. A grand pronouncement indeed!