Some market sage, known only as Bird to the people on X, lays out three possible scenes as XRP circles the $1.52 mark. Last week, it saw a good jump, but then dropped back to $1.46-turns out the beast isn’t that stubborn after all, falling 4% in a day, according to CoinMarketCap.com, which, let’s face it, is the nearest thing we have to a weather report.
In a moment that could have spun out of a cocktail party in the white‑hot, MLB has officially signed Polymarket as its exclusive prediction‑market exchange. Bejeweled in this binding, the league has granted Polymarket the privilege to flaunt its branding wherever a ballpark’s heart beats.
According to Brave New Coin’s Zcash price index, ZEC is currently trading near $276, which is basically the “I’m back, baby!” moment of crypto. Short-term momentum? Stronger than your uncle’s Wi-Fi signal during a Zoom meeting.
On the XRP/USDT chart, our protagonist has clawed its way back to the mid-$1.40s, which is like celebrating because you found a dollar in your couch cushions. Earlier this month, it defended the $1.10 to $1.20 demand zone, a move as impressive as successfully microwaving leftovers without setting off the smoke alarm. But let’s not get too excited-it’s still trapped in a descending structure, like a houseplant you keep forgetting to water. The first major supply band at $1.75 to $1.80 looms overhead, a reminder that XRP’s ambitions are about as realistic as my New Year’s resolution to run a marathon.
As if the universe were mocking us, a chorus of analysts, those self-proclaimed sages of the digital realm, warns us that the bears-those ominous creatures of despair-are still very much in control. They predict, with an air of grim satisfaction, that we might soon witness plummeting prices that would make even the most stoic investor weep.
The Algorand Foundation has announced a 25% reduction in its workforce, citing persistent macroeconomic uncertainty and a prolonged downturn across digital asset markets. The decision, described internally as difficult but necessary, is aimed at aligning resources with the protocol’s long-term strategic priorities. Because nothing says “strategic” like firing people when the market is down. It’s like closing a restaurant during a famine, but with more buzzwords.
A new bill proposed by South Korea’s People Power Party aims to eliminate taxes on profits earned from cryptocurrencies. The bill, introduced on Thursday, would change the country’s Income Tax Act to remove the planned tax on crypto gains, according to reports.
Bitcoin (BTC) did the financial equivalent of tripping over its shoelaces when it dipped beneath the psychologically significant $70,000 level for the first time since March 12. This no doubt sent traders into a tizzy, as a volatile reversal erased more than 3% of its value faster than you can say “Satoshi Nakamoto.” According to market data, our beloved cryptocurrency bottomed out at $69,536, all thanks to reports of a massive liquidation by a Satoshi-era whale. But fear not! Bitcoin showcased its trademark resilience, reclaiming $70,500 within a mere three hours before deciding that $70,200 was a nice place to hang out for a while.
McEvoy’s thesis, you see, is as elegant as it is audacious. “Zcash is the most mispriced asset in crypto,” he declared, “because privacy is the most mispriced asset in society. The market has no real framework for valuing privacy, so it gets ignored. The upside is asymmetric nonetheless.” How droll! Imagine that: an entire industry failing to price discretion, as if one could simply stroll through life shouting their bank balance at every passerby.
The updated filing (because the first one was so last season) covers the Morgan Stanley Bitcoin Trust, set to trade under the ticker MSBT on NYSE Arca. It’s the most detailed version yet, finally confirming that they’ve figured out how to price shares daily using the CoinDesk Bitcoin Benchmark. Specifically, they’re using the 4:00 PM New York settlement rate, which is basically the crypto equivalent of “happy hour pricing.”