jpyxx A recent milestone, akin to the discovery of a new galaxy, has sent ripples of excitement through the Pi Network cosmos. An early release of a digital banking app on the Pi Testnet has become the talk of the town, causing a stir that would make even the most jaded internet troll raise an eyebrow.
The sky don’t always turn blue, but the Bitcoin analysts are like weathermen with no real skill-some seeing it at $120,000, others wild enough to say $170,000 by 2025. Ah, the days of their dreams.
The Facts (or as Close as We Can Get)
Now, hold onto your blockchain hats, because this ETH/USD pair has been flirting with a supply wall thicker than a brick wall at a construction site. Will it be a romantic breakthrough or a painful rejection? Only the crypto gods know, but capitulation might be lurking in the shadows, ready to pounce. 😱
JPMorgan’s holdings of iShares Bitcoin Trust ETF, an exchange-traded fund by BlackRock, increased by 64.26%, according to financial data and insights provider Fintel. Because nothing says ‘I’m a serious institution’ like investing in a digital asset that’s more volatile than a teenager’s mood. 🤷♂️📉
Charles Edwards, founder of Capriole Investments, has noticed a disturbing trend-one that echoes the grim sounds of panic among Bitcoin investors. The “OG” Bitcoin whales (those who’ve held their precious BTC for over seven years) are now cashing out like they’ve just seen a new, shinier coin. He posted about it on the platform formerly known as Twitter-now called X, because why not complicate things even further? Anyway, Edwards shared a chart showing these whales offloading their BTC. And, let me tell you, it’s a spectacle.
Indeed, SUI has soared to $2.08 over the past day, shattering a significant resistance level, while the rest of the crypto world gracefully treads water or finds itself slipping. It is as if SUI has donned a cape and taken flight, while its peers remain grounded.
In fact, Bayberry’s report dares to compare XRP’s humble current phase to the early days of the internet – you know, when everyone was so busy marveling at the flashy things that they missed the real groundwork being laid. It’s the quiet, invisible stuff that makes the whole system tick, but alas, no one notices until the price starts to zoom. Meanwhile, Ripple’s CEO, Brad Garlinghouse, is over here stressing how XRP’s actually handling some pretty serious settlement duties. But who’s listening? Anyone? Hello? 🖐️
The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed the attackers to withdraw funds directly from liquidity pools. It’s like having a treasure chest with a lock that’s been left open. 🔐💀
The downfall began, as all tragedies do, with a whisper. Technical fissures appeared across the charts, as subtle as a yawn in a silent theater. Bitcoin, once soaring above $103,000 like a proud eagle, now flutters downward, threatening to breach the $100,000 mark. Oh, the humiliation! The DeFi Report, ever the harbinger of doom, declares that while the rally looks splendid on parchment, the reality is as grim as a winter in Siberia. Below the 50, 100, and 200-day moving averages it sinks, like a stone in the Volga. These averages, once stalwart supporters, now turn their backs, signaling a fading bullish spirit. 😢📉
