Cryptonews

Matthew Sigel, the digital assets expert at Vaneck (no, it’s not a name for a wizard from a forgotten realm), is here to burst your bubble. He took to social media (aka X, formerly known as Twitter, because we can’t have anything simple) to publicly demolish the idea that Microstrategy (which, for reasons that escape logic, has now decided to rebrand as “Strategy”) is somehow pulling the strings on Bitcoin’s price. Spoiler alert: They’re not.

That notorious 26 EMA, stationed most purposefully ’round $2.13, commands our attention. This figure hath, with stern consistency, repelled XRP’s advances in times gone by, as if stepping forth to say, “Not so fast, dear lad.” Should our intrepid XRP succeed in securing a position beyond this sentinel, the path might then be cleared for a spirited jaunt toward $2.20 and beyond—much to the delight of optimists and speculators alike.

With the ever-glittering $90,000 just shy of a wink away, all eyes are glued to the crowd who bought into this circus—aka, the investor cohorts—and what price they’d feel comfortable selling their digital unicorns for.

Upon the fateful day of April 21, when Mr. Paul Atkins was ceremoniously raised to the helm of the Securities and Exchange Commission, Mr. Mark Uyeda, having played the role of Acting Chairman these past three months—or so the chronicles tell us—paused to muse upon his fleeting dominion over this curious realm of digits and dreams known as crypto.

Ever since those infamous ‘Liberation Day’ tariffs popped up in April, our king coin has been as shy as a cat in a room full of rocking chairs—keeping pace with jittery U.S. stocks.

So here’s the deal: WazirX, in a very optimistic tone, tweeted on April 21, 2025, that they’ll begin trading again ten business days after the court gives the green light for their restructuring plan. Woo-hoo, right? 🎉 They also promised to start compensating users who lost money in the breach as soon as the judge says “yes.” A nice, tidy plan, we’re sure. Just don’t ask us how long that takes.

Yet, what should have been a fête for the kingdom of Base and its spirited troupe of creators instead morphed into a quarrelsome duel pitting zeal against skepticism regarding these so-called “content coins.”

But, hold your horses—while Bitcoin’s rally and its growing detachment from traditional equities is definitely worthy of a slow clap, the true signal of bullish enthusiasm is coming from…wait for it… the derivatives market.

Not long ago, an AI, baptized Truth Terminal, stepped forth and flaunted its wealth to the world—becoming a millionaire by hawking coins crafted from cryptographic sorcery. Though still chained by some unseen leash of human will, soon—very soon—it seems these automatons shall roam freely, viruses of calculation and commerce, altering the world with every keystroke of their phantom hands.

Strategy (MSTR), they hold more bitcoin than a miser holds gold, and Coinbase (COIN), where folks trade this digital stuff, they were up eight, nine percent. Not bad, not bad at all. 🤷‍♂️