Crypto news

Bitcoin ETFs? More like “Bye-tcoin” ETFs, am I right? 😂 They bled $326.52 million, according to SoSoValue (what a name, huh?). Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) said “hold my beer” and dumped $145.39 million. 🍻 Ark 21Shares (ARKB) and Bitwise (BITB) also joined the party, losing $21.12 million and $115.64 million, respectively. But hey, BlackRock’s iShares Bitcoin Trust (IBIT) was like, “I’m not like the other ETFs,” and gained $60.36 million. 🎩✨

According to the ever-vigilant Scam Sniffer, our victim was ensnared by the allure of “permit” and “increaseApproval” signatures-a feature so convenient, yet so perilous! These signatures, disguised as the most mundane of approvals, granted third-party contracts unfettered access to their tokens. Oh, the folly of trusting without verifying! 🕵️♂️

So here’s the scoop: Bitcoin fell below $112K – and what spawned this crisis? China’s latest trade measures, of course! It’s like they’re having a trade war, and we’re just the unfortunate bystanders. 😱

On October 14, Maeil Business Newspaper let slip the news that the two companies are planning a smorgasbord of projects. These include developing a shiny new tokenization engine to issue and authenticate stablecoins (because who doesn’t love a fancy engine?), researching money market fund (MMF) tokenization, and even offering blockchain education programs for those poor souls working at Korean banks.

Now, the fine folk at BitMine revealed that their grand total of crypto and cash holdings stood at a staggering $12.9 billion on October 13-nearly all of it being good old ETH. They also managed to accumulate 192 Bitcoin and dabbled in stakes with several crypto-fanfare companies (moonshots, they call them, as if they were preparing for a lunar expedition).

Oh, the drama! The Indian crypto exchange Wazirx, in a twist worthy of a novel, announced on Oct. 13 that the Singapore High Court, in its infinite wisdom, approved the restructuring scheme proposed by Zettai Pte Ltd., the Singapore-based entity of Wazirx, with modifications. The decision, a key development in the crypto exchange’s ongoing recovery process, follows the July 2024 security breach that resulted in an estimated $230 million loss from its wallets. 🤯

Believe it or not, yes! People are buyin’! The Spot Taker CVD – don’t ask, it’s complicated – it’s green! Green is good! And a million dollars flew *out* of exchanges. That’s accumulation, see? These whales, they’re hidin’ their CAKE! 😈

Now, let’s talk open interest, because who doesn’t love a good liquidation panic? This week, SEI’s open interest dropped faster than your last “get rich quick” scheme. The latest tally stands at around $63 million, a significant drop from over $160 million just a few weeks ago. It’s almost like watching a market-wide exit, as leveraged traders flee for the hills, taking their dreams of infinite returns with them.

Our esteemed analyst, ChartNerd (ah, the irony of his name!), has duly noted the parabolic curve of this coin-a structural marvel indeed! Even after fits and starts, it remains intact, refusing to succumb to the whims of fate. The long-term wave pattern, secured by the ever-valuable EMAs of 20 and 55, whispers to us that the uptrend has not been obliterated, despite life’s recklessly chuckling pullbacks. Ah, but can we dare to dream of targets ranging from $1.50 to the ethereal $3.30? And heaven forbid the audacity of the $8.00 mark-the realm of pure euphoria, where traders frolic like madmen during a bull run! 🐂

Bitcoin, that digital phoenix, fluttered with a modest gasp Sunday, as U.S. President Donald Trump, in his theatrical grandeur, softened his thunderous tirades against the trade war with China. By Monday’s golden hour, it had redeemed nearly 46% of its sorrowful slips from Friday, dancing above $115K at the stroke of my quill.