jpyxx Barry Ritholtz, the wise owl of finance, wonders aloud-what cosmic problem does this shiny new crypto solve? Will it hold any intrinsic value, or is it merely digital vapor, a phantom lurking in the circuits? He reminds us that crypto and iPhones debuted roughly the same epoch-one now indispensable, the other⌠well, a fancy paperweight. Why, he asks, has one become essential and the other a mere gadget?
Perpetual DEXs have surpassed $1 trillion in trading volume last month, thanks to the emergence of new contenders like YZi Labsâ Aster, which debuted on the BNB Chain platform earlier this year. And now, on this fine Wednesday, Astros, another Sui-based perp DEX, quietly launched after months of beta testing. Mon Dieu!
Ethereum (ETH), the eternal bridesmaid, trails behind, clutching her pearls and hoping for a comeback. Altcoins, those fickle sirens, sing their songs of mixed momentum. Binance Coin (BNB), Solana (SOL), and XRP dance the tango of uncertainty, while Cardano (ADA), Dogecoin (DOGE), and Toncoin (TON) perform a choppy waltz. Polygon (MATIC) and Avalanche (AVAX) stand by, waiting for their cue-or perhaps just a drink. đ¸
During their latest earnings call (which is to say, more boardroom scuttlebutt), CEO Devin McGranahan, who probably refers to himself as the “gatekeeper of fortune,” explained how this pilot project is going to revolutionize the entire remittance business. Apparently, they’re keen on “leveraging onchain settlement rails,” a fancy way of saying they want to shrug off the help of those bothersome old-fashioned banking systems. Go, modernize!
AVAX has dusted itself off, rekindling its spirit after a period of finicky tightrope walking. Look at that 4-hour chart! Itâs as if AVAX has thrown open the window and shouted, âFreedom!â-breaking above the hallowed $20 mark, a fortress of resistance now crumbling like stale bread. D2Handler ominously notes a surge in buying interest-a drama worthy of the finest Russian novels! The candle has closed above the short-term EMAs, a signal that the market structure may be shifting gears in the bullish direction.
The Spot Taker CVD and Buy-Sell Delta are both negative. Yeah, thatâs right, folks. The sellers are in control, and theyâre holding onto their $0.20 support level like itâs the last lifeboat on the Titanic. đ˘
The week after bitcoin ( BTC) vaulted past the $126,000 mark, both metals climbed in tandem, fueled by the debasement trade and a dash of safe-haven appetite amid U.S.-China trade jitters and a softening dollar. Who wouldâve thought? Even gold and silver are swept up in the drama of it all.
Enter US Secretary Bessent, whoâs basically the human version of a âbreaking newsâ alert. Chinaâs âreadyâ to make a deal, which is just code for âweâre tired of your nonsense.â đ¤ˇââď¸ Trumpâs 100% tariff? Letâs just say itâs the financial equivalent of a toddlerâs tantrum.
They whisper tales of Bitcoin as âdigital gold,â a bulwark against the ravenous beast of inflation. Like some shiny trinket to ward off hardship. But these fine gentlemen at NYDIG, they’ve poked and prodded the beastâŚand found the shiny trinket is mostly air.
