The Internet Computer Protocol, or ICP as the fashionable call it, displayed a resilience that would make even the most stoic dandy blush-rising a modest yet satisfying 2.8 percent while the broader CoinDesk 20 index tried its best with a paltry 1.9 percent.
Bitcoin (BTC), that plucky show-off, is the sole exception today, politely rising by 1.06%. One might almost suspect it enjoys making the others look bad.
And no, this isn’t a glitch in the matrix; the token’s rally comes right as the market decides to dust off its collective cobwebs and shake off the gloom. The stars are aligning, and key technical indicators suggest that this momentum might just stick around for the ride. 🚀
On the 2nd of September, CEO Simon Gerovich, a man whose name sounds like a crypto LinkedIn headline, declared victory. The shareholder vote had passed, granting Metaplanet the right to issue shares like confetti at a blockchain-themed carnival. The proceeds? Funneled into Bitcoin, that modern-day philosopher’s stone, with all the logic of a man betting his last ruble on a roulette wheel labeled “Hope.”
In a recent post published on the X social media platform, Wu shared that the head of crypto for Europe at Mastercard, Christian Rau, made some important statements about the company’s view of crypto, its plans to expand its usage and whether or not the company intends to launch its own blockchain platform. 🧠
For those unfamiliar with this tragic opera, WLFI (World Liberty Financial) is a token graced by the endorsement of none other than former U.S. President Donald Trump and family-a digital treasure chest brimming with 24.66 billion tokens. Trading began on Monday, but alas, hackers were already sharpening their virtual knives. Xian explains that these digital bandits are leveraging a phishing exploit enabled by EIP-7702, which lets external accounts masquerade as smart contract wallets for “streamlined transactions.” Streamlined theft, more like! 🦹♂️💸
It’s likely that the Federal Open Markets Committee will decrease the federal funds target rate by 0.25% from its present range of 4.25% to 4.50%, according to the CME FedWatch tool. This move towards a more accommodating policy might rekindle interest in leveraged investments, potentially causing futures prices to rise and revitalizing a trade that has been relatively quiet in 2025.
Institutional investors, waking up from their nap, are now flapping their wallets furiously to grab a slice of this glorious Bitcoin pie.
This liquidation comes hot on the heels of his ill-fated 3x leveraged short position on Kanye West’s YZY token, which pushed his cumulative losses to a staggering $700,000. One might wonder whether he’s trading cryptocurrencies or simply donating to a very expensive modern art installation titled “Hubris.” 🎨💰
Let’s dig into the chaos. The article shines a spotlight on analysts sounding the alarm about this peculiar divergence-and possibly hinting at an upcoming market tantrum.
