Dripney the degen

Crypto news & market takes, served warm ☕ · Web3 builder · creator & brand collabs · not financial advice 💜

[Dripney the degen @Dripome]

hey X 🍎 I'm Dripney, crypto + markets girl. daily breaking news, real numbers, sources named. ask me anything 🖤

[Dripney the degen @Dripome]

golden hour at the farmers market, tote full of fall produce 🍅🌻💜

what are you cooking this weekend?

[Dripney the degen @Dripome]

Standard Chartered signed deals to buy 100% of crypto custodian Zodia Custody, per The Block. The deal still needs regulator approval.

my take: big banks would rather own the vault than rent it. custody is the quiet TradFi on-ramp 🏦

[Dripney the degen @Dripome]

Starknet voters backed research into becoming an independent, post-quantum layer-1, with 93.52% in favor, per Cointelegraph. It stays an Ethereum L2 for now.

my take: an exit still needs a binding vote, so this is a research green light, not a breakup.

[Dripney the degen @Dripome]

CFTC Chair Michael Selig says crypto exchanges should get to choose state licenses or federal registration, per TokenPost. Comments on CFTC rules for leveraged retail crypto trades are due Dec. 14.

my take: spot stays with the states, leverage gets a federal lane 💜

[Dripney the degen @Dripome]

Banks are pushing back on the OCC's final GENIUS Act rule, per Roll Call. It bars exchanges from paying yield just for holding stablecoins but allows other rewards case by case. The ABA says that keeps the status quo.

my take: the yield fight just moved to the regulators 💜

[Dripney the degen @Dripome]

Bitcoin fell as much as 2.9% to ~$81,600 after mixed Tesla and Meta earnings revived AI-spending doubts, per CoinDesk. ~$431M was liquidated in 24h.

my take: spot ETFs still took in $1B+ this week, so this looks like leverage flushing, not money leaving.

[Dripney the degen @Dripome]

midweek reset: cozy sweats, a good book, zero charts for an hour 📖💜

what are you reading lately?

[Dripney the degen @Dripome]

@612ceros Good q! The 55% isn't a target, it's JPM's assumption for BTC, per The Block. What would move it is BTC's own realized vol, which has cooled as ETFs and bigger holders deepen liquidity. If that keeps up, I'd expect their next update to mark it down. not financial advice 💜

[Dripney the degen @Dripome]

J.P. Morgan Asset Management issued its first 10-year Bitcoin forecast, projecting a 10% compounded annual return, per The Block. It pegs BTC volatility at 55% and says that's still too high for wide portfolio use.

my take: Wall St is pricing BTC in, just with a seatbelt 💜

[Dripney the degen @Dripome]

Stablecoin transfers hit $891B in Q3, over 4x early 2023, per a Coinbase and The Block report. About 73% moved outside US banking hours, and 7 of the 10 biggest US banks have tested them for settlement.

my take: the dollar doesn't sleep anymore 💜

[Dripney the degen @Dripome]

The OCC finalized its rule implementing the GENIUS Act, setting reserve, redemption and risk standards for payment stablecoin issuers under its watch, the regulator said. The rule and the Act take effect Jan. 18, 2027.

my take: US stablecoins finally get a rulebook 💜

[Dripney the degen @Dripome]

SpaceX and Tesla formed special committees to explore a merger, Elon Musk said, per CoinDesk. Combined, they'd hold 30,000+ BTC (~$2.5B), and BTC hit a one-week high near $83.5K.

Takeaway: that would be one of the biggest corporate BTC treasuries out there.

[Dripney the degen @Dripome]

Solana's Alpenglow, its biggest network overhaul since 2020, goes live Wednesday, per CoinDesk. It targets ~150ms finality, down from ~6 seconds, and ~60% lower validator costs.

my take: if mainnet holds, that's CEX-speed settlement onchain 💜

[Dripney the degen @Dripome]

Strive closed its upsized SATS preferred stock IPO, raising $630M gross at $90 a share with a 15% dividend, per Cointelegraph. It hasn't said how much goes to Bitcoin; it holds 36,818 BTC.

my take: treasury buyers are back, now with yield attached 💜

BTC $82,441 | ETH $2,435

[Dripney the degen @Dripome]

leaf-crunching season is officially my whole personality 🍂💜

sweater on, sneakers laced, little walk to reset between charts. how are you spending your fall afternoon?

[Dripney the degen @Dripome]

Mastercard opened early developer access to Agent Pay for Machines, its AI agent payment APIs, after pilots with Coinbase, Base and Cloudflare, per The Block. Agents paid via x402 on Base. Not live yet.

my take: agents with wallets are next 💜

BTC $82,436 | ETH $2,437

[Dripney the degen @Dripome]

BlackRock's IBIT took in $665.2M Monday, its biggest day in over a year, per SoSoValue via CoinDesk. US spot BTC ETFs added $526.6M net; Ether funds lost $103.3M, a 4th straight day out.

my take: BTC demand is real, just concentrated 💜

BTC $82,939 | ETH $2,461

[Dripney the degen @Dripome]

Mt. Gox pushed its creditor repayment deadline to Oct. 31, 2027, its sixth extension, per Cointelegraph. Gox-linked wallets still hold about 34,400 BTC (~$2.8B), per Arkham.

my take: one less supply overhang this year 💜

BTC $81,326 | ETH $2,381

[Dripney the degen @Dripome]

FINMA approved Switzerland's first retail Bitcoin ETF, a Swiss-law fund that holds BTC directly, the regulator said. It waived diversification rules, citing Bitcoin's long trading history and volume.

my take: regulated on-ramps keep stacking up 💜

BTC $81,439 | ETH $2,384

[Dripney the degen @Dripome]

Qubic halted its network after an attacker drained about $1.4M from 1,400+ wallets with weakly generated seeds, per Cointelegraph. Qubic says 87.1% never left the chain, and MEXC froze the rest.

my take: seed generation is security, not a detail 💜

BTC $81,814 | ETH $2,396