The stablecoin sector is still puffing up, now just $4.203 billion shy of cracking the $300 billion mark, defillama.com stats show. At this clip, crossing that milestone isn’t a matter of if-it’s a matter of when. Odds are, it’ll happen in a week or two, if not sooner. 🚀
Ever since then, it’s been meandering within a narrow horizontal channel-like a hamster on a wheel-with support at $0.2565 and resistance at $0.2917. With the market wrapped in gloomy clouds, the PI token may just revisit its old, miserable lows. Can anyone hear the echo of the past? 🐹📉
Luke Dashjr, Bitcoin Knots’ most prolific code-wizard, has unleashed chaos with leaked scrolls (yes, scrolls!) revealing his plan to fork the blockchain. Why? To purge “naughty data” like Child Sexual Abuse Material (CSAM), which he insists is lurking in Bitcoin nodes like gremlins in a digital playground. 🧙♂️🧹
XRP, that most elusive of digital tokens, has been anointed as Shariah-compliant by the Shariyah Review Bureau (SRB), a bureaucratic oracle under Bahrain’s Central Bank. This decree, penned with the solemnity of a medieval scribe, now permits XRP to dance in the ballrooms of Islamic finance-a realm where interest (riba) is a social faux pas, gharar (excessive risk) is a mortal sin, and speculation is akin to heresy. Ripple, ever the court jester of fintech, now parades this certification as a golden ticket to $2 trillion in ethical transactions. One might say: “By the beard of Zarathustra, the blockchain has learned to pray!” 🙏
On-chain data, that mystical oracle of blockchain divination, claims this 12% dip is “modest” compared to past cycles. Modest! Of course, it also followed capital inflows so massive they’d make a Venetian banker blush. 🏦
Elkaleh, the chief marketing officer of Bitget Wallet, says the DEX revolution is powered by “airdrop cultures and points systems” that make retail traders feel like they’re winning at a casino. Meanwhile, quants are lured by “low fees, fast fills, and programmable strategies” that make them feel like they’ve cracked the code. Spoiler: They haven’t. 🤯
Nate Geraci, that prophet of paper profits, whispers that Solana’s ETF could be stamped “Approved” within fortnight. Two weeks! As if the SEC were a bureaucratic bartender finally handing out the last drink at a crypto cocktail party. Staking included, no less. How dare they?
What followed, you ask? A long, grueling correction-no surprise there-that dragged XRP below $2 for a time. Yet, it somehow managed to claw its way back to around $2.2-$2.3 by the start of summer, still strutting confidently. Then, the big moment arrived in July, when it not only surpassed the 2018 ATH but actually reached a new peak of $3.65. Cue the confetti!
Short-term caution could extend into early Q4, but in the mid-term, traders were positive.
Reports reveal that the court sentenced Hwang to two years in prison, but-plot twist!-the sentence was suspended for four years. 🕰️ Translation: Hwang won’t see the inside of a cell unless she decides to break the terms of her probation. Prosecutors, ever the sticklers for justice, had pushed for a three-year term, but the court, swayed by Hwang’s full repayment of the stolen funds and her pristine criminal record (or lack thereof), opted for leniency. 🕊️
