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Launched late Wednesday, the token saw a glorious spike in price, only to tumble more than 50% right after. Oh, and it was just another sad chapter in the story of venture-backed tokens — you know, the ones that make you go, “Is this really happening?”
In a rather eloquent thread (for those who enjoy scrolling through the endless noise of the internet), Michaël van de Poppe, the crypto trader with an impressive following of 784,400 on X (formerly Twitter), declares with the sort of certainty only a crypto trader can muster: Bitcoin will likely hang out for a while in the $90,000 range before it accelerates further.
Bitcoin (BTC) is apparently the digital equivalent of your “safe space” blanket—even if some argue that’s just shaky logic akin to claiming your toaster is a dependable friend. While altcoins are performing their usual disappearing act, bitcoin’s dominance struts confidently on the blockchain catwalk.
When asked, “What would you do differently if you were running Ethereum?”, Hoskinson unleashed a flurry of critiques. According to him, Ethereum’s founders made three cardinal mistakes: “the wrong accounting model, the wrong virtual machine, and the wrong consensus model.” A trifecta of poor choices that could doom the network. “They were warned,” Hoskinson quipped, “but they didn’t listen. Now look at them.” The fixes Ethereum has adopted thus far, he claims, have only caused more chaos—layer-2 solutions, slashing economics, and other “innovations” have resulted in unforeseen consequences that are starting to backfire. Classic.
Binance decided to delist and cease trading on all spot trading pairs for the following token(s) at 2025-05-02 03:00 (UTC): Alpaca Finance (ALPACA) PlayDapp (PDA) Viberate (VIB) Wing Finance (WING).
The stage was set in 2022 when Eisenberg, with the arrogance of a stage villain, allegedly exploited the Solana-based DeFi platform. According to the feds, his actions weren’t some “clever arbitrage,” as he might claim to friends over a drink, but a premeditated attack—an exploit, or better yet, a heist—leaving investors holding empty wallets and Mango Markets in tatters. “A fraud that takes over $100 million from investors and effectively shuts down a business”—a melodramatic line, yes, but tragically true. 💸
This precipitous recoil doth hint that the recent fervor which lifted SHIB aloft was begotten more from sheer momentum than from any sound foundation. A closer perusal of the charts reveals a modest ascent from the humble $0.00001130 support, yet absent the fanfare of volume or the eager advances of buyers pressing beyond the formidable barrier near $0.00001450. The rally’s fanfare, sadly, lacked the orchestra.
Filed under the ambitious moniker “Canary Staked SEI ETF Trust,” this legal Frankenstein’s monster is the first step toward managing a fund nobody outside investment circles will fully understand.
The price continued its unsteady wobble upward, only to do what any attention-starved asset would: surprise everyone by spiking wildly in the last couple of days, leaving investors squinting, analysts scratching their heads, and Twitter bots working overtime.
According to the big brains at Dune Analytics (and a humblebrag on X), since Q1 2023, PancakeSwap’s trading volume has shot up by a face-melting 921%. That’s like going from a kiddie pool splash to the Olympic swimming finals! Meanwhile, users and transaction counts are doing a happy dance too, jumping 81% and 159%, respectively. Over 123 million users have tossed their crypto pancakes here, flipping a mind-boggling $1.33 trillion in total trades. Forget maple syrup, this is sticky money! 🐰💸
