On-chain data, that mystical oracle of blockchain divination, claims this 12% dip is “modest” compared to past cycles. Modest! Of course, it also followed capital inflows so massive they’d make a Venetian banker blush. 🏦
Elkaleh, the chief marketing officer of Bitget Wallet, says the DEX revolution is powered by “airdrop cultures and points systems” that make retail traders feel like they’re winning at a casino. Meanwhile, quants are lured by “low fees, fast fills, and programmable strategies” that make them feel like they’ve cracked the code. Spoiler: They haven’t. 🤯
Nate Geraci, that prophet of paper profits, whispers that Solana’s ETF could be stamped “Approved” within fortnight. Two weeks! As if the SEC were a bureaucratic bartender finally handing out the last drink at a crypto cocktail party. Staking included, no less. How dare they?
What followed, you ask? A long, grueling correction-no surprise there-that dragged XRP below $2 for a time. Yet, it somehow managed to claw its way back to around $2.2-$2.3 by the start of summer, still strutting confidently. Then, the big moment arrived in July, when it not only surpassed the 2018 ATH but actually reached a new peak of $3.65. Cue the confetti!
Short-term caution could extend into early Q4, but in the mid-term, traders were positive.
Reports reveal that the court sentenced Hwang to two years in prison, but-plot twist!-the sentence was suspended for four years. 🕰️ Translation: Hwang won’t see the inside of a cell unless she decides to break the terms of her probation. Prosecutors, ever the sticklers for justice, had pushed for a three-year term, but the court, swayed by Hwang’s full repayment of the stolen funds and her pristine criminal record (or lack thereof), opted for leniency. 🕊️
“Fed’s cutting rates when they shouldn’t be, and you throw in a massive dove 🕊️,” Novogratz said, adding that it might lead to Bitcoin’s “blow-off top” moment-a term that sounds oddly inappropriate for polite conversation. 😳
Well, well, well. Enter WhaleFUD, the crypto commentator who’s putting a wet blanket on your meme coin dreams. According to him, the glory days of Dogecoin and Shiba Inu are, well, over. Who needs speculative hype when the “real” market is maturing, right? The golden age of meme coins has passed, and now we’re all stuck with a couple of coins that are basically the crypto equivalent of a funny meme that’s been shared one too many times.
The Shariyah Review Bureau (SRB), which operates under the Central Bank of Bahrain, has reportedly declared that XRP meets Shariah compliance standards. This certification positions XRP as a viable digital asset for use in Islamic financial services, potentially creating a pathway for its integration in jurisdictions governed by Islamic law. Ripple, that clever fox in the blockchain henhouse, now finds itself with a golden goose-provided it doesn’t start talking about interest rates in front of a mosque. 🐉
Behold, the wise ChartNerd proclaims that Hedera is crafting a long-term setup, a grand tapestry of ascending channels and bullish waves. Since 2020, this token has danced within its confines, like a nose in a novel, never straying far from its $0.20 support. Will it break free or remain forever trapped in its own melodrama? Only the charts know, and they are as cryptic as a Gogol novella. 📊🤪
