Ethereum, once a proud stallion, now a limp noodle, attempted a feeble rise but faltered above $2,950, much like its comrade Bitcoin. Below $2,920 and $2,900 it fell, into the clutches of the bearish zone, where hope goes to die. The bears, those merciless brutes, pushed it further, to a low of $2,775, where it now wallows, consolidating its losses near the 23.6% Fib retracement level. A tragic farce, is it not? 🎭
One so-called expert, doubtless ensconced in his ivory tower, proclaims that this ETF growth is a testament to the “longer-term institutional processes,” as if such phrases were not merely euphemisms for glacial indecision. Ah, the institutions! Those paragons of prudence, who conduct their due diligence with the fervor of a tortoise in a marathon. Market behavior, risk metrics, historical performance-all must be scrutinized, ad nauseam, before a single cent is committed. Months? Years? Why, one might as well consult the stars for guidance! ⏳
The treasury and corporate arm of the Dogecoin Foundation outlined its expansion into regulated finance, payments, and sports partnerships ahead of a planned NASDAQ listing in early 2026. 🏦⚽ A dream so grand, it could make a philosopher weep. 😭
Osborne, who first dipped his toes into Coinbase’s icy waters in 2024 amidst a lively battle with the US Securities and Exchange Commission, is, according to the trendiest news sources like Reuters, the latest pawn in Coinbase’s grand plan to win hearts, minds, and maybe influence foreign governments. Because nothing says “we’re serious” like a politician-turned-advisor in the crypto space, right?
Shares jumped 13% in after-hours trading, hitting $16.19, which is basically the financial equivalent of a standing ovation. 👏
The Bureau of Labor Statistics (BLS) finally dropped its long-awaited Consumer Price Index report on Thursday, revealing that inflation is as cool as a cucumber, and stocks did their happy dance! 📈💃 But Bitcoin? It went up and down like a roller coaster at a carnival, peaking at $89K before plummeting back to $85K. It’s like watching a soap opera-full of drama and absolutely unpredictable! 🎢
Remember those old rules? Like the 2022 letter that made state member banks beg the Fed’s permission before touching crypto, or the 2023 letter that demanded approval for handling dollar tokens? Gone. Kaput. Vanished like a dwarf’s savings in a pub. These rules had smaller banks-especially the uninsured, crypto-loving ones-tied up tighter than a goblin’s purse. Now, they’re free to dance with the Fed accounts and payment systems once more. 💃🕺
Behold, comrades, the Bitcoin market is shedding its old skin, and the signs are as clear as a hangover on a Monday morning. 🍻🤕 The Bitcoin Spent Output Profit Ratio (SOPR) Trend Signal, that trusty old compass of the crypto seas, is pointing south. The rewards from shuffling coins across the network are dwindling, like a pensioner’s savings in a recession. Rapid price swings, once the playground of the nimble trader, now offer little more than a slap on the wrist. 🏃♂️💨
JPMorgan once claimed BTC and gold would ride the debasement train together, projecting $165k for BTC. Spoiler: That train just left the station, and BTC is now stuck in the parking lot. 🚂💨
Behold, the co-founders and co-CEOs of IREN Limited (IREN), a company that, like a phoenix from the ashes of bitcoin mining, has risen to claim its throne at the heart of the AI infrastructure boom. 🦅🔥 From the frigid landscapes of Canada, where it was born in 2018 as a humble renewable energy-powered bitcoin miner, IREN foresaw the true destiny of its endeavors-not in the ephemeral glow of cryptocurrency, but in the boundless expanse of artificial intelligence. Ah, the irony of it all! 😏