Last week’s “colossal shakeout” was merely Bitcoin’s way of tidying up after a particularly rowdy party. Imagine a toddler “cleaning” a room by tossing everything into a black hole. 🎉
So, to recap the chaos: Coinbase’s Jesse Pollack recently called Binance’s fee model “expensive and extractive,” suggesting they make listing costs 0%. Because, you know, free money is the vibe. CZ, ever the diplomat, responded with the subtlety of a sledgehammer: “If your project is strong, exchanges will race to list your coin. If you have to beg… ask yourself why.” Oh, CZ, ever the romantic. 💔
The daily chart’s basically a soap opera: Bitcoin trying to “find itself” after that epic faceplant from $126,272. A parade of red candles, crowned by a dramatic bearish engulfing thingamajig with volume so loud it’s like Godzilla belching, busted it down to $108,652. Tiny recovery attempts? Cute, but about as effective as trying to blow up a balloon with your brain. Couldn’t crack $115,000 if it tried. 🙄
In a chat with Thinking Crypto, Yusko was like, “We don’t have the cool, intentional Bitcoin stash we wish we did. Nope, just a digital asset pile-up from all those ‘oops, you’re under arrest’ moments.” 🤷♂️
As Australia’s financial and technology sectors mature under clearer regulation, the country’s wider digital economy is evolving too. Developers and platforms are exploring how blockchain infrastructure can support seamless entertainment, payments, and user engagement across multiple verticals. From digital art marketplaces to online gaming environments, innovation continues to shape how people interact with technology and value exchange. 💸
After Monday’s dramatic sell-off-which was about as unexpected as a plot twist in a soap opera-the crypto exchange-traded fund (ETF) market decided it wasn’t done with its 15 minutes of fame just yet. Investors, ever the optimists, came rushing back like seagulls to a chip shop, with both bitcoin and ether ETFs swinging back into the green. $339 million in inflows? That’s more confidence than a game show host with a glittery jacket. 🌟
Canada’s crypto regulation is a delicate dance between provincial whims and federal rigor. At the federal level, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) stands as the stern choreographer, dictating the steps for registration and licensing. Cryptocurrency exchanges and wallet providers, take note: your ticket to the ball is the crypto license, overseen by the ever-watchful FINTRAC-Canada’s financial watchdog with a penchant for paperwork. 🕵️♂️📜
Gold’s rise, he argued, is part of a grander “macro adjustment”-a societal reckoning where paper money, that fragile parchment of trust, is pitted against the cold, unyielding weight of real assets. “The trend is your friend,” he intoned, as if quoting a prophet of volatility. Should investors keep trading dollars for ounces, gold might yet ascend to heights that make the moon look like a flea market.
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Bitcoin’s NUPL metric mimics past bull-market peaks with a delightful jump from “optimism” to “euphoria.”
