Rekt Capital, they call him. A fitting name for one who dissects the wreckage of failed hopes. He points to the echoes, to the ‘historical behavior’ – as if history were a benevolent teacher instead of a cruel jester. Apparently, the game remains ‘consistent.’ A comfort to those who find solace in the predictable misery of cycles. A ‘bearish acceleration’? A rather grandiose term for a plummet, wouldn’t you say?
XRP has slipped a smidge today, down 0.4% against the mighty U.S. dollar, and over the past week, it’s taken a 7.7% tumble. Yet, here’s the kicker-the fifth-largest crypto coin by market cap is still enjoying a 2.3% rise over the last 30 days! For now, it seems XRP is just lounging around the $1.90-2.10 range, as the mood swings from “extreme fear” to “please, not another surprise!” amid lackluster rebounds and general market jitters.
On a fateful Thursday, January 22, a certain character known as ‘Bird’-and I reckon that’s not a nickname he got from his singing voice-announced that if you buy and hold onto XRP at its current penny candy prices, you could be lounging on a beach somewhere sipping lemonade in just a few short years. Naturally, this audacious proclamation tickled the fancy of many in the crypto crowd, and they promptly came flocking, asking Bird for the secret sauce on how to turn those tokens into a fortune.
Now, Agora isn’t just about issuing a shiny new stablecoin called AUSD-though that’s part of the charm. It also offers what you could call “stablecoin as a service,” which sounds suspiciously like giving startups a crypto toy to play with. But Van Eck advises most companies stick to well-known stablecoins unless they’re creating their own little crypto kingdoms.
The wallet tied to the esteemed company sent a hefty deposit to Coinbase’s institutional wing-a place where big traders and corporations go to play their high-stakes games. It’s like sending your prized hunting dog to a fancy kennel, if you catch my drift.
On a Friday, no less, a filing to the U.S. Securities and Exchange Commission (SEC) unveiled that this crypto titan had acquired two CFM56-7B24 aircraft engines for $12.2 million through its newly hatched offspring, ETHZilla Aerospace LLC. A bold stroke, though one wonders if the company has taken leave of its senses.
Meanwhile, the whales are busy playing poker with WHITEWHALE and its AI buddies, but when it comes to DOGE, it’s a different ball game. Will the shiny new 21Shares Dogecoin ETF swoop in like a superhero to save the day? Stay tuned, folks!
In an interview that traverses the landscape of cryptocurrency like a dandy at a garden party, Buterin audaciously cautioned that blind adoration of influential players or projects-merely because they dazzle us with their price tags or popularity-could lead to the long-term ruin of our beloved digital empires. The true challenge, he mused, lies in discerning which ventures merit our enthusiastic applause and which should be met with a resounding thumbs down.
Our dear Bitcoin spot ETFs have suffered quite an ordeal, with withdrawals mounting to approximately $1.72 billion. The twin days of January 20 and 21 proved to be particularly disastrous, with outflows exceeding a billion dollars, leaving little hope of a quick recovery.
Claver, with the gravity of a soothsayer, declares this his most momentous pronouncement, foretelling a “black swan” event of such magnitude that it shall send ripples through the very fabric of global finance. A “domino effect,” he calls it, with the air of a man who has peered into the abyss and returned with a pocketful of riddles. One can almost hear the clatter of falling tiles in the distance, each one a harbinger of financial upheaval.