Currency Forecast

Finance journalist Charles Gasparino, in his latest op-ed for the NYP, reveals that a top dog at a financial services giant let slip that banks are feeling a bit like kids in a candy store, thanks to some relaxed regulations. According to our anonymous friend, “Because of the Fed’s supervisory relaxation, big bank deals are going to happen… Everyone is talking.” It’s like a high school cafeteria, but with more spreadsheets and less cafeteria lady hairnets.

But the question on everyone’s lips is, will this be a fleeting flirtation with fortune, or the start of a grand romance? Egrag’s charts, those beautiful tapestries of data, suggest that we are only in the early stages of this bullish ballet. Historically, when these trendlines have crossed, it has marked the beginning of a strong price rally. The first instance of such a cross was in March 2017, and by the end of that cycle, XRP’s price had soared like Icarus, achieving a 40,000% surge from its low. Then, in August 2020, a similar crossover produced a 750% pump before topping out. Quite the rollercoaster, wouldn’t you say?

According to the Paranormal ETF tracking site SoSoValue (which clearly has links to extraterrestrial life), Ethereum’s ETF market experienced a gloriously bullish week, banking $1.85 billion. This isn’t just good news; it’s practically an intergalactic celebration—complete with confetti and all. 🥳

Market vibes suggest a possible upward journey if we keep our fingers crossed and the trendlines don’t suddenly decide to go on holiday. As of now, WIF is chilling at a cool $1.077, managing to strut its stuff above the mid-Bollinger Band like it owns the place.

Last week, PayPal’s stock danced a little jig—forming that bullish golden cross that traders love to hang their hats on—waiting impatiently for earnings day. As the clock ticks towards July 31, analysts are sharpening their pencils, eyeing a modest $8.08 billion in revenue, a tiny but hopeful bump from last year. The forecast for the third quarter whispers of $8.13 billion, like a rumor in a small town—growing, but not fast enough to make anyone break out the champagne.

While its peers frolic in the green, DOGE, that incorrigible scamp, has tumbled by 0.19% since yesterday—a fall as graceful as a drunkard descending a staircase. 🥴

The price antics have been nothing short of comical: a ludicrous leap from $2.09 in late June to a dizzying peak over $3.50 by mid-July, only to cool off and perch precariously above $3. Despite a paltry 8.46% weekly dip, the short-term charts are gamely showing gains, and the market cap is swaggering towards $190 billion—like a nouveau riche upstart at a society ball. 😂

Q3 dawns with the momentum of a man fleeing his past, fueled by the Octane upgrade—a reduction in transaction costs that has, they claim, ignited a wave of growth in DeFi, gaming, and enterprise usage. Messari, that chronicler of financial tales, reports a 169.9% QoQ jump in daily transactions and a staggering 210.4% surge in active addresses. 🥳 But are these numbers the harbingers of true expansion, or merely the fleeting dreams of a fevered mind? The DeFi total value locked grows by 37.1%, a sign, perhaps, that capital is returning to the fold. Yet, one must ask: is this the dawn of a new era, or the last gasp of a dying star?

Even with sellers ruling the roost in the spot market, Ethereum [ETH] is slyly seeing more institutional and whale hoarding, like a cat plotting a midnight raid, hinting at an upside shenanigan that could catch folks off guard. 😏

Now, this little rumor fest was sparked by a throwback October 2024 post from CEO Luca Netz, who apparently had dreams of snagging the NFT marketplace. Some folks in the community thought the timing of Pudgy’s December announcements and OpenSea’s platform updates were like breadcrumbs leading to a big ol’ acquisition feast. But Beau was having none of it, quipping that they’ve got way more important priorities. He added, “Acquiring OpenSea doesn’t make sense for us right now,” which is code for “we’re busy turning candy canes into actual penguins, please.” 🍭🐧