HYPE Soars: The Wild Ride of a Token on the Brink of Glory! 🚀💰

Hyperliquid (HYPE) is trading at $47, creeping ever so closely to its peak of $50. After a 20% nosedive earlier this month, the token has clawed its way back from the $34-$35 range, now poised above the $44.70 support level. Market sage McKenna opines that the surge is “led by spot buying” with the AF (Activity Factor) ratio above 5%, signaling that sellers have run out of steam. He also forecasts “more than $5 million per day in buybacks” to soak up the supply above $50 in the coming weeks.

Crypto’s Wild October: Burniske’s Bold Predictions 🤑✨

BTC Price Chart

In follow-ups, our dear Burniske elaborated with the precision of a Noël Coward quip. “The crazier the price action, the higher my conviction,” he purred, as if selecting the perfect cravat for a soiree. Should the market accelerate into August-September-October, his “conviction” in an October peak becomes as unshakable as a Coward wit. But, he cautions, should the market pull back, “we might extend this bull for longer.” Oh, the drama! 🎭💸

Falconx and Copper Clearloop Join Forces-Wall Street Reborn?! 🦅🔥

Here, in the gloom of digital exchanges, where risk lurks behind trading screens, the Copper integration offers a peculiar kind of sanctuary: clients may now clutch their gold off-exchange, yet barter with wild abandon. A fragile safety, perhaps-a mockery of true trust-replacing collateral with the hollow echo of “control.” Falconx’s DMA, a single door into the world’s clamorous markets, lets traders imagine their assets are theirs, while the real custodians-let’s not kid ourselves-remain the exchanges, waiting, always waiting. 👀

SEC’s ‘Safe Harbor’ Proposal: A Lifeline for DApp Developers or Just Another Mirage?

Crypto Innovation

On a rather unremarkable Wednesday, a16z and the DeFi Education Fund, in a display of camaraderie that would make even the most stoic of hearts flutter, dispatched a letter to the esteemed SEC Commissioner Hester Peirce. They implored the regulatory body to grant an exemption to dApp developers from the burdensome rules that govern broker-dealers. Ah, the sweet scent of freedom wafting through the air! 🌬️