His rant’s all about how Ethereum, the second fiddle in this crypto hoedown, ain’t exactly the virtuoso it claims to be—blaming its switch from the good ol’ Proof of Work to that newfangled Proof of Stake.
“$MSTR has scooped up 6,556 BTC for about $555.8 million, paying roughly $84,785 a pop, and boasting a 12.1% Bitcoin yield this year. As of April 20, @Strategy clutches 538,200 Bitcoins—bought for a jaw-dropping $36.47 billion at $67,766 each.”
The OTHERS chart, a veritable tapestry of the combined market capitalisation of smaller cryptocurrencies, excludes the top10 by market cap, presenting a tableau vivant of the crypto market’s underbelly. It offers a glimpse into the soul of this speculative realm, guiding the intrepid investor through the perilous yet enticing waters of the crypto frontier.
On the 24th, Ben Sherwin, as general counsel (a title as grand as it is vague), and Christopher Giancarlo, as senior counsel (presumably senior in years, if not in wit), graced the occasion with their presence. The discourse, as one might expect, revolved around distinguishing crypto tokens – a task as challenging as finding a decent restaurant in this town – and establishing the SEC’s regulatory authority. Naturally, exemptions were bandied about for crypto projects, but with the rather vulgar demand for transparency and strict disclosure. Honestly, the nerve. 🙄
Take a glance at the daily chart — that stubborn trail of numbers showing a comeback story. Bitcoin clawed its way up from a lowly $74,434, climbing near $88,772 like a mule stubbornly making a hill climb. The surge, backed by volume swelling like a river after a rain, tells us the buyers are circling like buzzards eyeing a carcass, hungry and confident. That support at $74,400 stands firm, as reliable as a barn in a storm. But don’t get too cozy; the rising heat flirts with an overbought fever that could send this critter reeling.
Specifically, he doth lament the fate of Telegram users dwelling in France – their privacy, already battered, may once again be imperiled by the whims of those in power. 🇫🇷 Sacré bleu!
Now, before you start imagining flamingo-suited bankers doing blockchain ballet, don’t get your hopes too high—the details are murky, like Uncle Morty’s bathwater. They’re tiptoeing back after saying, “We’ll just sit this one out,” post-FTX fiasco and the sad curtain call for two crypto-friendly banks. And just to add more spice, good ol’ President Trump whispered sweet nothings about making America the land of crypto-friendly dreams. Ah, politics and money—like peanut butter and jelly but with more fireworks! 🎆
Arthur Hayes—fancy title, BitMEX co-founder and Maelstrom bigwig—says, “Hey, buddy, this is probably your last shot to grab Bitcoin under $100k.” Like he’s the cool kid warning you at the party, “Last call!” So, if you’re holding out for a “deal,” maybe that ship sailed already.
According to the meme coin tracking wizardry known as GMGN.Ai, LUCE, which launched just a few months ago alongside the Holy Year mascot announcement, leapt to a daily high of $0.02517 before settling back to a modest $0.015 at press time — which, for meme coins, is basically a rollercoaster. If you’re wondering, no, the Vatican did not sponsor this coin. In fact, they’re probably still figuring out what TikTok is.
Yet, like a resilient weed in a parched garden, it clings to key technical support levels. And whispers of a potentially market-altering derivatives listing stir the hearts of analysts, those tireless prognosticators of fortune, who dare to maintain a bullish outlook. Bless their optimistic souls. 🙏