According to the most recent filing with the SEC (because, of course, everything must be official), CalPERS, in its infinite wisdom, decided to acquire a substantial 448,157 shares of MicroStrategy during the third quarter, investing a cool $144 million. Perhaps not the best time for a “long-term” investment?
A Tortoise in a World of Hares
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OP’s 1-hour chart looks like a rollercoaster designed by a toddler. It plummeted from $0.33-$0.34 into the $0.30 danger zone, leaving investors clutching their wallets like a toddler holding a melting ice cream cone 🍦😭. Heavy bearish candles? More like bear traps. Lower highs? Because who needs confidence? After this nosedive, the market tried to “converse” with volatility, whispering, “Let’s chat… but keep it short and boring.”
And just to add some sparkle to the occasion, silver has decided to break all records, surpassing $55/oz, setting off alarms about renewed interest in hard assets across the board. Because who doesn’t love a shiny metal, right? 🪙✨
Layer-2 networks aren’t just driving Ethereum’s activity-they’re doing the cha-cha slide past the base layer! These solutions are like the cool aunt of blockchain: cheaper fees, faster speeds, and no one cares if you’re late to dinner. Developers and users are scaling apps like they’re trying to break the internet’s record for “most things done before midnight.” Even if ETH’s price is still stuck in “meh” mode, the action’s all happening on L2. Classic move, Ethereum. Classic move.
Ah, the culprit? A “cooling issue”-a phrase as innocent as a lamb yet potent enough to topple the colossus of derivatives trading! 🚨💥 The CME, that mighty titan, was humbled by a humble pipe or fan or perhaps a vengeful squirrel in the CyrusOne data center. By Friday noon UTC, like a phoenix rising from a mildly inconvenient bonfire, trading resumed. Miracles do happen!
This shocking development has ruined what was a near-perfect run for the Solana ETF, surpassing both Bitcoin and Ethereum ETFs’ debut records. Oh, how the mighty have fallen!
SHIB has modestly risen by 2.63% over the past 24 hours – a number that would make even the staunchest day trader do a double take before yawning. It’s the cryptocurrency equivalent of a mild morning stretch-nothing to get too excited about, but hey, it’s something!
