Even though the rest of the market is sulking in its usual gloomy mood, our dear TRUMP token seems to be finding its feet again. Analysts (the so-called fortune-tellers of this bizarre realm) are watching it like a tired soap opera, waiting for the next twist as more tokens shimmy their way into circulation.
Glassnode, those blockchain gurus, chirped on X (formerly Twitter, but let’s not get bogged down in rebranding, shall we?) that Ethereum is doing the limbo between $1,548 and $1,599. Apparently, this is all thanks to something called “cost basis distribution” or CBD, which sounds like a trendy new wellness product but is actually just where everyone bought their ETH. 🧘♀️
This Hoffman, a cofounder of Bankless, suggests that Ethereum’s price might improve if the network were to undergo a shift in culture and leadership. He suggests, through a missive on the platform X, that the critics of Ethereum are missing the true reason for its recent performance. Could it be that these critics are merely shadows dancing on the wall of a deeper problem? 🤔
Lower collateral ratios mean you can’t borrow as much money against your crypto stash. Translation: your margin buying power just got a downgrade, and if you’re overexposed, you might as well start drafting your “I got liquidated” tweet now. 💸
Alas, it remains most uncertain whether the Fed will employ these fabled tools to shower the markets with liquidity. The dignitaries at this fine institution, in their infinite wisdom, keep insisting they’re far too prudent for any hasty antics—especially amid this grandiose tariff tango.
Much like a traveling bard unveiling secret songs, the “tap to earn” Pi Network mining troupe finally ended its gloomy winter. Lo and behold, it’s now dancing near $0.75, with a sudden burst in trading volume reaching $474 million — an absurdly large sum that makes one suspect investors have found a new crush. ❤️
Forsooth, the initial whisper spoke of these enchanted funds embarking on an enigmatic journey to an unknown destination! The address, ‘rP4X2…sKxv3’, evoked curiosity and wonder. But then, lo and behold! The astute seers of the blockchain analytics, Bithomp, revealed that both the sender and receiver were, in fact, players in Ripple’s own grand game.
While other African nations like Mauritius and South Africa are out there throwing crypto parties, Kenya has been playing hard to get. It seems they’ve just been waiting for the right moment, or perhaps for the dust to settle on the Bitcoin craze.
What, you may ask, has sparked this sudden enthusiasm? The answer lies in the fickle nature of the market, where a mere whisper of a potential Solana ETF approval in the U.S. has sent traders into a frenzy. With Paul Atkins now at the helm of the SEC, the betting odds on Polymarket for a SOL ETF approval in 2025 have climbed to a staggering 76%. It seems the bulls have found their horns, shifting the odds from a mere 65% just three months ago. Who knew that a little bureaucratic shuffle could ignite such fervor?
The Persson and Lundin clans, alongside Carlos Slim, have collectively tossed $96.3 million into their corporate piggy banks, according to Bloomberg. Because, you know, why not? 💸