But wait, there’s more! The watchful eye of the state now turns to stablecoins and RWAs, those elusive creatures of the financial wilderness, while the draconian 30% tax and the pesky 1% TDS tremble under the scrutiny of reconsideration. 📉 Will they survive? Will they evolve? Only the ledger knows. 🧮
On the 24th of November, a significant day in the chronicles of Solana ETFs, data from SoSoValue revealed that these funds, particularly the Bitwise BSOL, managed to rake in a hefty $58 million in net inflows. And let us not forget the jewel in the crown: Bitwise’s BSOL, which alone accounted for $39.5 million of that sum. Remarkable, is it not? This figure, the third-largest in the history of Solana ETFs, stands as a testament to their growing appeal. A success so profound, it raises the question-has Solana arrived?
The advent of a Dogecoin ETF has transformed murmurs of doubt into enthusiastic chatter; charts now display a reversal as clean as a dandy’s cuff, and whales-those plump, oceanic tycoons-have begun to nibble at the buffet again. Yet, the most formidable resistance remains perched above a certain price level, mocking all attempts at conquest.
Picture this: The global stablecoin market has ballooned past $280 billion, mostly flaunting US dollars in front of euro-denominated cousins who are still shy at €395 million. Think of it as the crypto party where the Americans brought the fireworks, while the Euros brought the snack drinks-small but with potential for chaos, especially if someone yells “fire!” (or de-pegs). The ECB’s report-crafted by the trio Aerts, Lambert, and Reinhold-highlight risks like de-pegging, bank runs (the digital version of panic buying toilet paper), and the tangled web connecting stablecoins with traditional finance-because nothing says stability like a good ol’ financial spider web.
According to the wizards at CoinMarketCap, XRP has surged 6.5% in the last 24 hours, hitting $2.20. 🎉 Meanwhile, it’s confirmed a golden cross on its hourly chart, which is apparently a big deal if you’re into lines crossing each other. 📈 The golden cross happens when the short-term moving average (MA) does a little dance over the long-term one, and everyone interprets it as a “buy signal.” Because, you know, lines crossing = financial wisdom. 🤷♂️
But before you start making your “XRP to the moon” memes, let’s pump the brakes for a sec. Sure, the rally’s nice, but there’s a little thing called “whales” lurking in the background, and they’re really good at spoiling the party. 🐋
BTC now finds itself struggling under the heavy shadow of the $90,000 resistance zone, as if it were a poor student trying to pass a difficult exam. The momentum indicators, once hopeful, are now cooling off faster than a pot of soup left on a windowsill. And with price action failing to break key levels, we might just be on the verge of another lower high. If this trend continues, don’t be surprised if BTC soon flirts with the $80,000 support zone. Just the thought of it makes you want to stock up on popcorn.
A bullish stochastic RSI bounce (fancy talk for “things are looking up”), rising volume, and a liquidity cluster at $400 bigger than the BFG’s ear suggest TAO’s aiming for the stars. 🌟📈
According to the blockchain sleuths-those folks who spend their days tracing digital breadcrumbs-Satoshi’s on-chain holdings are estimated at around 1.1 million BTC. At Bitcoin’s October peak, that was a jaw-dropping $138 billion. Now? A mere $96 billion. Ouch. That’s enough to knock our pseudonymous hero down a peg or two on the rich list, placing them below Bill Gates, who’s sitting pretty at $104 billion. But let’s not shed too many tears-after all, it’s only paper wealth, and we all know how fickle that can be. 📉📜
