đ Wild Dog Crypto ¡ Midday Brief (October 22)
1ď¸âŁ The âuncorrelated assetâ in your portfolio is now a derivative of tech earnings. Bitcoin surged to $84,800 in one goâbreaking straight through the $84,000 resistance it had bounced off twice last week. Then it gave back over $2,000 in six hours, falling to $82,600. The culprits: Tesla fell 3% after hours (lowering its capex outlook), Lam Research dropped 7% (its guidance disappointed), and even Metaâs increased AI spending couldnât save the day. Nasdaq futures fell 1.1%, and Asia took a direct hit (South Koreaâs Kospi fell 2.2%). Letâs be real: yesterdayâs buying was driven by SpaceXâs earnings; todayâs pullback is about Teslaâs capex. Bitcoin isnât watching on-chain data right nowâitâs watching earnings season. Meanwhile, spot ETFs have attracted $1.08 billion over three days. The inflows are real, but theyâre not strong enough: historically, major rallies have needed average daily ETF inflows above $200 million; since July, the daily average has been just $86 million. The moneyâs coming back, folks, but not at a âface-meltingâ pace. The market is now watching the $82,500 level.
2ď¸âŁ XRP Ledger got tripped up by its own governance clock. The fixCleanup3_4_0 patch was due to activate the day after tomorrow (October 23 at 09:34 UTC), but three validators âdisappearedâ for two hours (support fell to 26/35), resetting the 14-day approval clock to zero. Rule changes require 29 of 35 trusted validators, checked every 15 minutes, to stay in agreement for 14 consecutive daysâmiss one check and the clock starts over. The new activation time is November 4 at 14:46 UTC. The good news: support has recovered to 31/35, giving the second round a two-vote cushion (the first round only just scraped through). The patch fixes a token-minting vulnerability (under certain conditions, accounts that should only be able to burn tokens can create new ones) and issues with treasury and lending calculations. Honestly, democracy on the XRP Ledger runs around the clock; take a nap and you lose two weeks. Funds arenât at riskâthe schedule slipped, but the chain itself isnât in trouble.
Just the facts. No predictions, no shilling. đ
Not investment advice.
1ď¸âŁ The âuncorrelated assetâ in your portfolio is now a derivative of tech earnings. Bitcoin surged to $84,800 in one goâbreaking straight through the $84,000 resistance it had bounced off twice last week. Then it gave back over $2,000 in six hours, falling to $82,600. The culprits: Tesla fell 3% after hours (lowering its capex outlook), Lam Research dropped 7% (its guidance disappointed), and even Metaâs increased AI spending couldnât save the day. Nasdaq futures fell 1.1%, and Asia took a direct hit (South Koreaâs Kospi fell 2.2%). Letâs be real: yesterdayâs buying was driven by SpaceXâs earnings; todayâs pullback is about Teslaâs capex. Bitcoin isnât watching on-chain data right nowâitâs watching earnings season. Meanwhile, spot ETFs have attracted $1.08 billion over three days. The inflows are real, but theyâre not strong enough: historically, major rallies have needed average daily ETF inflows above $200 million; since July, the daily average has been just $86 million. The moneyâs coming back, folks, but not at a âface-meltingâ pace. The market is now watching the $82,500 level.
2ď¸âŁ XRP Ledger got tripped up by its own governance clock. The fixCleanup3_4_0 patch was due to activate the day after tomorrow (October 23 at 09:34 UTC), but three validators âdisappearedâ for two hours (support fell to 26/35), resetting the 14-day approval clock to zero. Rule changes require 29 of 35 trusted validators, checked every 15 minutes, to stay in agreement for 14 consecutive daysâmiss one check and the clock starts over. The new activation time is November 4 at 14:46 UTC. The good news: support has recovered to 31/35, giving the second round a two-vote cushion (the first round only just scraped through). The patch fixes a token-minting vulnerability (under certain conditions, accounts that should only be able to burn tokens can create new ones) and issues with treasury and lending calculations. Honestly, democracy on the XRP Ledger runs around the clock; take a nap and you lose two weeks. Funds arenât at riskâthe schedule slipped, but the chain itself isnât in trouble.
Just the facts. No predictions, no shilling. đ
Not investment advice.