ebaster For context: That’s 1.096 million BTC sitting in wallets untouched since 2010. Imagine! They could’ve bought a sandwich in 2011 and called it a day. Instead, they’re down 28% from their peak. Maybe they’re just waiting for the perfect moment to sell… or maybe they’re a ghost and can’t log into their MetaMask. 🕯️
In December, this very wallet, having held 514 BTC for over a year, chose to part with 255 BTC, a transaction valued at $21.8 million, which it then wielded to fund a staggering $80.2 million in Bitcoin shorts and $2.1 million in ETH shorts. Such a move, akin to a chess grandmaster sacrificing pawns for a checkmate, yielded a profit of $8,283,137.32-a sum that would make even the most stoic investor blush.
Come fall 2026, brave crypto asset service providers (CASPs)-think of them as the digital gold miners of the 21st century-will be able to apply to operate in the UK. Mark your calendars for September 2026, because that’s when the fun begins. Expect a flood of applications, haircutting, and perhaps some cheerful chaos as everyone rushes to get their paperwork in. Because nothing says “we’re ready to regulate” like a last-minute scramble, right?
Now, let me tell you, this dip has resulted in a staggering $440 million being liquidated quicker than you can say “bankruptcy,” with a hefty 70% of those losses coming from eager long positions. And wouldn’t you know it, the Coinbase Premium Index has been screaming about weak buying pressure from our friends over yonder in the U.S., while the general market sentiment appears to be as cautious as a cat in a room full of rocking chairs, despite some bullish gains in this fine month of January.
XRP, that darling of the crypto world, has entered a state so rare it borders on the absurd: simultaneous dual signal conflict. On the daily chart, bulls are frothing at the mouth over a “golden cross,” while on the weekly, bears are gleefully pointing to a “death cross.” Both, mind you, stemming from the same setup-the interaction between the 23-day and 50-day moving averages. It’s like watching a tennis match between optimism and despair. 🎾😱
So, POL bounced back to $0.151, which is basically its November glow-up. At the time of writing, it’s chilling at $0.1505, up 18.12% on the daily charts. December’s losses? Erased. Like, poof, gone. Magic? Nope, just crypto being crypto. 🪄✨
Pi Network users are reporting that some investors are losing money, likely due to expectations about the future price of the GCV token.
The crypto world, usually as stable as a one-legged stool on a trampoline, was treated to another spectacular implosion today. The Truebit Protocol, one of Ethereum’s so-called “infrastructure projects” (a term we use loosely, like “waterproof” in a monsoon), was hacked with the precision of a butter knife through warm brie.
These two countries, with the gleeful glee of a child peeling an orange, have decided that exchanges, intermediaries, and those pesky self-custody wallets might want to hold onto their hats because the tax nets have been cast with a vengeance. It’s a tax paddy whack – and the crypto guys just can’t catch a break!
