“We’re financially sound,” said Arjun Sethi, co-CEO of Kraken, in his best ‘we’ve got this’ tone during a chat with Yahoo Finance last Thursday. “We know how to handle our own risk management. We don’t need to leap into the public abyss.”
According to Pal, the first major change will come from the Treasury General Account (TGA). With the government back in action, TGA spending will resume, steadily injecting liquidity into the markets like a bartender pouring drinks at happy hour. He expects this inflow to continue for several months, providing a much-needed financial hug to the economy.
By 5:00 am, Greenwich mean time, or whenever folks start makin’ coffee, Japan’s Nikkei was down a good 1.73%, sittin’ at 50,392. South Korea? They weren’t farin’ much better, KOSPI droppin’ 3% to 4,045.44. Hong Kong’s Hang Seng took a sip of trouble too, down 1.13% at 26,767. Even Australia’s S&P/ASX, usually a sturdy one, lost 1.44%, endin’ up at 8,627.5. Seems nobody wanted to play today. 😔
On November 13, Kalshi made it official: Coinbase Custody is now the keeper of their USDC reserves. The company says this move will bolster traders’ confidence by ensuring the safety and stability of the funds backing each market. And by “stability,” they mean cold storage, segregated accounts, and those oh-so-precious compliance standards used by the big boys of finance. Talk about playing it safe… 🛡️
Among the merry band of memecoins, PENGU stands as the black sheep of a blackened flock. While DOGE and PEPE prance about with the gaudy grace of carnival clowns, our penguin plummets like a stone in a well of shame. Jesse Peralta’s chart, a modern-day Da Vinci of despair, lays bare the truth: PENGU lies at the bottom of the heap, a fallen prince of the meme realm. One might almost pity the poor creature-if it weren’t so absurdly expensive to own. 🐧💔
In a stunning press release, Bybit has laid bare a list of blockchains that can freeze your funds faster than you can say “decentralization!” Their new study dives into this alarming feature, and spoiler alert: they didn’t find just one or two. Oh no, they uncovered 16 blockchain networks with freezing powers-AND, 19 others that might soon join the “freeze team” in the future. Brrr! ❄️
Once the hackers have their claws in, they don’t stop. Oh no. They apply some pressure, making victims transfer their crypto into scam-controlled wallets faster than a kangaroo on a caffeine high. Poof. All that hard-earned digital wealth? Gone.
Pray tell, as BitMine doth mine Bitcoin and hold Ethereum, it danceth like a high-beta courtier, ever dramatic in its swings. With Bitcoin whispering of a bottom and Ethereum steadying its wobbly legs, BMNR standeth at a precipice-one breakout away from resuming its grand charade of a trend. 🕺
In a move that is somehow both predictable and still a little bizarre, Visa’s pilot program lets businesses send payouts in fiat, and, oh, the recipient will get those funds in USDC (a nice, stable stablecoin) in their crypto wallet. So… it’s like getting paid in dollars, but cooler. Also, let’s not forget that some regulations will need to be followed, like the whole KYC (Know Your Customer) thing. Because of course. 🤔
While institutional inflows, thanks to ETFs, are still holding strong, it’s clear that Solana’s fate hinges on its ability to cling onto that precious $140-$150 demand zone. Will it manage to hold steady, or is this the beginning of a deeper plunge? Time, and the market’s mood swings, will tell.
