This here price dance puts SOL in a mighty precarious position, testin’ the 20-day Exponential Moving Average (EMA) at $123.90 as a crutch to lean on. If it can stay upright above this EMA, it might just have a chance to keep on truckin’.
Joining him in this rather illustrious endeavor is none other than Nobel Prize-winning physicist Konstantin Novoselov. Yes, you heard that right! It’s a delightful pairing of brawn and brains, aimed at making blockchain as popular as a good martini on a Friday night. 🍸
According to the sacred scrolls of the SEC filing, ProShares is set to unveil three new funds: the ProShares UltraShort XRP ETF, the ProShares Ultra XRP ETF, and the ProShares Short XRP ETF. Quite the mouthful, isn’t it? But fear not, dear reader, for these funds won’t be hoarding XRP like a squirrel with acorns. Instead, they’ll be using futures contracts and swap agreements to chase after the digital currency’s price movements like a dog chasing its tail.
In the past week, this digital bauble, this ephemeral trinket, dared to leap a meager 6%. But alas, hubris is a cruel mistress. Over the last 30 days, it has plummeted, a graceful swan dive into the abyss of a 30% decline. One almost feels a twinge of pity… almost 🤔.
As the global trade war weighed heavily on tech stocks, Strategy’s Bitcoin holdings have become its golden goose. Data from YCharts reveals that as of April 15, Strategy’s one-year total returns stood at a jaw-dropping 133%, leaving Tesla, Nvidia, and Apple in the dust.
Indeed, the exchange, in its grandiloquent announcement, suggests that this is not merely a retreat but a strategic maneuver to fortify its position in the ever-evolving on-chain ecosystem. One can almost hear the echoes of Dostoevsky’s characters lamenting the futility of existence, as Bybit seeks to align itself with the long-term growth that seems perpetually just out of reach.
The 1-hour chart is a soap opera. XRP dipped to $2.035, then staged a dramatic comeback, forming what looks suspiciously like a double-bottom reversal pattern. A green candle near $2.10, paired with rising volume, is the equivalent of a mic drop for bulls. Traders are now eyeing a break above $2.105 like it’s the last slice of pizza at a party. If it happens, $2.15–$2.18 is the next stop. But, as always, there’s a catch: a stop loss below $2.06 is recommended unless you enjoy financial heartbreak. 💔
Apparently, according to Lookonchain (whoever they are, probably some genius in their PJs 🤔), IBIT had the biggest one-day inflow of all the Bitcoin ETFs. Added 455 BTC, darling! That brings their grand total to 571,869 BTC. Beat that, losers! 😜 All those other ETFs are probably green with envy.
In this grand spectacle, Binance Chain has set its sights on a noble quest: to reduce the total supply of BNB tokens to a mere 100 million. Currently, however, we find ourselves with a hefty 140.89 million tokens still lurking about, like unwelcome guests at a banquet. 🍽️
Entombed within the latest dispatch from the legal front, it is revealed: yes, the august Court of Appeals has consigned the dispute to a temporary limbo, at the express invitation of both Ripple and America’s own Securities and Exchange Commission. Each side, wearied by years of legal fencing (one imagines them pausing for a restorative glass of vodka), agrees to a sort of diplomatic cease-fire, the bureaucratic version of taking the dog for a long walk while everyone cools down.