Our digital friend Bitcoin (or as I like to call it, “Internet Money on Red Bull”) decided to start its week with a heart-stopping plunge to $74K. You know, just your average $7,000 drop – the kind of thing that makes crypto traders spill their morning coffee all over their “To The Moon” t-shirts. 😅
Our favorite crypto-skeptic, who presumably still thinks the internet is just a fad, watched Ethereum perform what he might call a “gravity appreciation event” below $1,500. The digital asset dropped faster than a banker’s jaw at a Bitcoin convention, shedding 20% quicker than Schiff loses Twitter followers. At its lowest, ETH touched $1,400, or as Schiff might measure it, “0.0000001 gold bars.” 📉
This very morning, the president’s advisor, Mr. Kevin Hassett, intimated in an interview that the president might indeed revise his tariff notions. When pressed with the question, “Would Trump consider a 90-day pause in tariffs?” he responded in a delightfully cryptic manner: “I think the president shall do precisely as he pleases, good sir. And even if trade disputes should nibble at our great economy, it remains but a small morsel of our GDP.” 😏
Picture, if you will, the most comical scene: bears, those rather portly creatures wearing expensive suits and golden pince-nez, exhausting themselves trying to push poor Solana down, while bulls – oh, what magnificent specimens! – parade around with their chests puffed out like provincial government clerks after a promotion! 🐻💼 The weekend was, I dare say, as chaotic as a provincial ball where someone’s wig caught fire!
The records from Token Terminal, those indifferent chroniclers of our era, attest that AAVE borrowers have, in their relentless pursuit, paid over $1 billion in interest on Ethereum. This staggering figure, though draped in the garb of progress, is a grim reminder of the burdens shouldered by those who dare to challenge the system—a system as inscrutable and capricious as fate itself.
Ah, how familiar this scene is – just as we once lined up for our daily rations in the camps, now users queue digitally to feed their crypto wallets through these new “convenient” systems. Worldpay, like a well-fed camp guard, stands watch over these transactions. One might say they’ve made the crypto gulag more… comfortable. 😏
Oy vey! The Pi Network price has tanked faster than a lead zeppelin, leaving our poor pioneers crying into their digital wallets. Six years they toiled, mining this here coin, and for what? It’s trading at a measly $0.5873, a far cry from the glory days of $3. But hold your horses! Before you sell your virtual farm, maybe, just maybe, there’s a chance this ain’t chopped liver. Key metrics and potential news? Could this be a golden opportunity or a schmuck’s gamble? 🤔
Earlier this year, China shook things up with their oh-so-cheap DeepSeek AI, grabbing global attention like it’s handing out free samples at a deli. Now, the geniuses at Team DeepSeek have paired up with Tsinghua University to transform their creation into an all-knowing cranky contraption that fixes itself. Really, who needs humans anymore?
On Monday, the firm reported that bitcoin, the digital gold that’s supposed to be immune to such nonsense, initially shrugged off last week’s equity market chaos. But then, during early Asian trading hours, it decided to join the party by nosediving 7% to $74,500. Over $800 million in bitcoin and ethereum derivatives positions were liquidated faster than you can say “economic apocalypse.” QCP Capital noted that bitcoin’s implied volatility shot up to a heart-stopping 85%, while ethereum’s hit a jaw-dropping 130%. Clearly, everyone was hedging like their lives depended on it. 🎢
Via post on Truth he said: