JPYKRW

ZEC’s October carnival ride: 500% gains, short sellers crying “boo!”

The stock recently fell 4.87%, though it still gained ~10% over the past month amid high trading activity. A rollercoaster of investor sentiment, or perhaps a well-rehearsed act of financial theatre. 🎭📉

This follows a week of surprisingly not-disastrous altcoin ETF launches. Solana, Litecoin, and Hedera all got their shiny new ETFs, proving the SEC’s vibe shift is real. Or maybe they’re just tired of saying “no.” 💸

Forget technicals. Forget macro conditions. The real drama is psychological. Bitcoin is now a victim of market flows and positioning, where price is dictated more by emotional impulses than any logical reason. Welcome to the madhouse, where sanity is optional.

✨ The updated Crypto Market Structure Bill exempts staking, airdrops, and DePIN projects from securities classification, signaling the US’s pro-Web3 stance-because nothing says “freedom” like letting algorithms govern your wealth. 🧠💥

Oh, the drama! Bitcoin, that frightfully modern form of speculative indulgence, seems to be having a bit of a wobble. Four days of decline, you know. Quite ghastly. It appears remarkably unmoved by good tidings – a distinct lack of gratitude, I always say – yet utterly, thoroughly flustered by the slightest hint of unpleasantness. 🙄

So, it tried to break through $8.64 like it was some kind of resistance level Mount Everest, only to be turned away faster than someone asking for a loan at a family reunion. 🏔️👎 Now it’s chilling just above $7.25, which sounds like a motivational speaker’s phone number. Behind all this chaos? Two things: one, some improbable rumor about Fight Fight Fight LLC – which, by the way, sounds like a cross between a law firm and a cage match – possibly acquiring Republic.com’s US platform. 🤼‍♂️💼 And two, Bitget’s Onchain Challenge Phase 25, which, let’s be honest, has got the energy of a high school science fair but somehow moved markets. 🚀🎓

Bybit, ever the crypto trailblazer, has expanded its institutional reach in the Solana ecosystem. Now, Anchorage Digital is stepping in to provide custody support for Bybit’s staked SOL token, bbSOL. This collaboration positions bbSOL as a token that’s not only liquid but also fit for the high society of institutional finance, offering regulated investors a very secure way to earn SOL staking yields.

This expiry, my dear reader, surpasses last week’s paltry $6 billion event, thanks to the monthly rollover of October contracts. A mere trifle, you say? Nay! Traders and investors, those poor souls, must now gaze upon max pain levels and positioning with the gravity of a man staring into the abyss. For these, alas, could stir the short-term price action like a tempest in a teapot. 🌪️

But Lordy, the price has taken a tumble straight down to the bottom lands-20% in the last moon’s cycle, and 30% so far in this harrowing year of 2025. It’s got the traders fidgeting like rabbits in a foxhole, and the casual holders gnawing on their nails till they’re stubs.