Bitcoin’s descent below $116k was not merely a price drop—it was a spiritual crisis, a moment when the fragile architecture of leverage crumbled like a house of cards. 🏚️💸 A staggering $585M in long liquidations? A testament to the hubris of those who believed they could outwit the market’s wrath. ETH, ever the loyal follower, lost $104M in its own delusions. Dogecoin and PAAL AI? Victims of the whims of a fickle crowd. 🐕🤖
This, of course, has likely caused a rather sharp Bitcoin price drop, as if the market itself were weeping at the loss of its cherished assets. 🫠
Meanwhile, Bitcoin spot ETFs decided to join the party as well, with a wild resurgence, claiming a neat $227 million. After three weary days of dashed hopes and retreating figures, here it is stepping back into the spotlight. A round of applause, if you please! 👏👏
On an otherwise unremarkable Wednesday, Nature’s Miracle Holding Inc. – a beacon of agricultural innovation (ticker: NMHI) – announced with a flourish its intention to establish a corporate treasury of XRP tokens, with an initial allocation that might well reach the sum of $20 million. This decision, akin to a bold harvest amid the uncertainty of the marketplace, has elicited both admiration and a hint of incredulity. Who would have imagined that those entrusted with the bounty of the earth would now seek refuge in the ethereal realm of digital currencies? 🤔
The price meanders like a drunkard in a fog, yet the hawks still scream bullish sentiments. Caution, however, dares to poke its head from the crypt—a harbinger of something just short of a market revival. Arab Chain, the astute oracle from CryptoQuant, raises a flag—a warning of potential overheating in the bitcoin apparatus. Think of it as a kettle about to whistle except, well, it’s full of cash and dreams instead of water. 💰💨
All the funds are coming in over the next two weeks, and guess what? They’re *all* going straight into Bitcoin. No chit-chat, no “maybe later” — just a straight-up Bitcoin splurge. If this were a movie, it’d be called *The Great BTC Buy*. 🎬
According to Hacken (who, presumably, get paid to tell us this sort of depressing news), it’s all down to old, clunky code, terrible access control (seriously, who’s letting *anyone* in?), and now… AI. Because of course it’s AI. Everything’s AI’s fault these days. It’s like the robots are deliberately trying to steal our digital pennies. 🤖
Franklin OnChain US Government Money Fund | RWA.xyz
The noble SHIB seemed poised for one of those glorious parades one hears about in the tales of old—its volume crested in mid-July, breaking the elusive 200 EMA like an overenthusiastic dancer at a wedding. But lo and behold! As it pranced joyfully towards the resistance zone at $0.0000155, a sudden gust of selling pressure knocked it off its feet. A multi-day sell-off ensued, brutal enough to make the harshest of critique sound like a gentle whisper. Who knew that volatility could cut through support levels like a hot knife through butter? 🍰
Behold the chart, a tapestry of numbers where Tether’s market cap, a green serpent, coils around Bitcoin’s price, an orange flame. Mallers, with the gravity of a seer, proclaimed that to fuel the growth of stablecoins, one must first ignite Bitcoin’s embers. For in the vaults of Tether, the US Treasury’s treasures slumber, and a swelling tide of stablecoins would drown the nation’s debt in a sea of demand.
