Let’s break it down, shall we? A petahash per second (PH/s) isn’t just a fancy metric-it’s the network’s way of saying, “Nope, you’re not hacking me today.” Back when LTC was at 1.7PH/s, they were celebrating like it was a Michelin star. Now? The new 3.7PH/s is so secure, even hackers are filing for early retirement. 💪
In a twist that would make even the most seasoned banker blink, HSBC is set to unveil its tokenized deposits for big-shot clients in the US and UAE by 2026. Bloomberg says, and who are we to question them? 🤷♂️
The catalyst? A shadowy entity known as Cypherpunk Technologies, which has stealthily acquired 1.25% of ZEC’s circulating supply, leaving the market to ponder whether this is a coup or a con. Privacy coins, once the forgotten stepchildren of the digital realm, now bask in the spotlight, while ZEC’s breakout above $616 feels like a magician pulling a rabbit from a hat. 🪄✨
Meanwhile, the cryptocurrency market has rebounded after three days of selling pressure, as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other altcoins trade in positive territory. 🧠
Bitcoin ($BTC) has spent weeks grinding lower, its soul crushed by a liquidity crunch that makes even the most stoic investor weep. But lo! The winds of change are blowing-though whether they’ll bring salvation or chaos remains to be seen. 🌪️
But wait, it gets better! Our flamboyant hero isn’t just stopping at XRP. Oh no, this varchar of volatility has also entangled himself in shorts on Bitcoin and Zcoin, riding the wild winds at 40x and 10x leverage respectively. Looks like someone’s playing Monopoly with real money-just with more risk and fewer rules.
Their missive follows a September report by watchdog group Accountable.US, which claimed WLFI governance tokens were purchased by blockchain addresses connected to the Lazarus Group, an Iranian exchange, and even Tornado Cash. The senators, ever the dramatists, cautioned that selling governance tokens to these actors “gave adversaries a seat at the table,” potentially exposing U.S. national security to risk. 🤯
But hold your horses! History whispers, “This too shall pass.” Maybe Ethereum’s next move is a comeback so dramatic it’ll make a rom-com look bland. 🎬✨
The weekly chart of Bitcoin against the S&P 500 (BTCUSD/SPX) reveals a most intriguing spectacle: the ratio has dipped below a major trendline, a feat as thrilling as a debutante’s first waltz. Yet, let us not be swayed by mere trendlines; the true mark of significance lies in major supports. Lo and behold, the ratio now rests upon the 0.618 Fibonacci, a convergence with horizontal support that would make even the most stoic analyst blush.
The Tokyo Stock Exchange, which you might recognize as the place where people trade shares instead of trading places, is reportedly reviewing “fresh audits” for companies that shift their operations toward “large-scale crypto accumulation.” Translation: If your business model smells like a crypto gold rush, get ready for a knock on your digital door. 🚪
