BitGo CEO Mike Belshe, who presumably checks his mail with tongs these days, shared a photo of this dubious letter. It comes complete with a QR code, which almost certainly leads to a website less secure than a chocolate teapot. The letter’s journey through USPS proves that even in the age of blockchain, snail mail can still deliver a good old-fashioned scam right to your door.
The chart (yes, the one that looks like a toddler’s drawing) shows how those spikes in the Short Squeeze Pressure metric (in orange, because why not?) have been the harbingers of strong upward moves in BTC’s price (the white line that’s just trying to keep it together).
Ardoino positioned Tether as not just a crypto whizz-kid but as a veritable colossus bestriding global finance. The chap pointed out, with a twinkle in his eye, that Tether now holds more U.S. Treasuries than Germany, Spain, and Australia. One can only imagine the Germans clutching their ledgers in dismay.
After Bitcoin, that pompous crypto market leader, enjoyed a rather vulgar 9.15% surge, reaching a new all-time high near $112,000 (a sum, I dare say, that would make even the most seasoned plutocrat blush), it suffered a most undignified 3.68% tumble today. A brief, almost desperate, 1.57% surge followed, leaving Bitcoin to currently languish at $108,911. These theatrical displays of volatility, it seems, have been dragging the entire market along for the ride, like a particularly unruly poodle on a leash. 🐩
Ah, but let us not forget, Tron is no mere wallflower! As one of the shining stars among Layer-1 blockchains, its fundamentals are as robust as a Russian winter. Leading the charge in stablecoin settlements and user activity, it stands poised for a renaissance, should the altcoins decide to follow Bitcoin’s lead. Recent whispers from CryptoQuant reveal a delightful tidbit: the Buy/Sell Pressure Delta has nudged TRX back into the realm of buying pressure. A sign, perhaps, that the bulls are sharpening their horns?
Led by the ever-optimistic CEO Norma Chu, they traded 254,333 class A ordinary shares for BTC, which is about $2.28 million. I mean, who needs cash flow when you can have digital coins, right? 💸
On the 23rd of May, US District Judge Arun Subramanian, in a moment of sheer judicial brilliance, tossed out the fraud and manipulation charges against our alleged hacker. Apparently, the jury’s verdict was about as solid as a wet noodle, lacking any real evidence. The judge, bless his heart, noted that the prosecution failed to prove beyond a reasonable doubt that Eisenberg had been anything but a charming rogue. 😏
Prosecutors, with a flair for the dramatic, alleged that Mr. Karony and his merry band of associates did deliberately mislead investors, falsely proclaiming that SafeMoon’s liquidity pool was as secure as a locked treasure chest, when in truth, they were pilfering millions to fund a lifestyle that would make even the most extravagant of Regency gentlemen blush.
This meme token faced a selling frenzy, with volume hitting a staggering 1.72 trillion during its peak decline. But fear not! The support at $0.00001440 showed that buyers were still interested, like a kid in a candy store. 🍬
The big shot in decentralized finance, AAVE, is doing its thing. Its total assets on the network? Record high! It’s like the company’s stock price—skyrocketing, baby! And on Ethereum, we’re talking $33.5 billion market size—because apparently, people like to borrow money faster than they like paying it back. The borrowed funds? $13 billion. The available cash to borrow? $20.45 billion—like a Hollywood party with more drinks than sober people. 🍸
