On-chain data? Oh, it’s glowing brighter than my bald spot under fluorescent lights. Exchange reserves are at record lows, meaning people are either stashing ETH for the long haul or shoving it into staking contracts faster than I stuff bagels into my face on Sunday mornings. Less supply + steady demand = prices going up. Basic economics, folks. 📈
It is with no small amount of irony that we observe SHIB investors hastening to part with their holdings. Data from IntoTheBlock reveals that the average holding time for transacted SHIB tokens has dropped a staggering 78% in the past week, as holders seem to prefer fleeting profits over long-term hope.
Now, let’s take a moment and picture the scene: over the weekend, SHIB was barely pushing past $0.000014, hanging there like a limp noodle in the market soup. But by Monday? Down it goes, just a bit, to about $0.000013. And yet, those mighty whales? They weren’t taking a nap. They were moving those tokens like there was no tomorrow.
The CoinDesk 20 Index, that moody barometer of blockchain bravado, stands at 4138.64-a modest 0.6% (+24.31) increase since Monday evening. Truly, it’s as if the market took a deep breath and decided to try its luck again. Courageous-or just caffeine-fueled? You decide.
Here’s every move Cathie Wood and Ark Invest made in the stock market today 8/11
Yes, partner, you no longer need dirty paper dollars or boring ACH wires to reserve that cone-top seat. Open up your MetaMask on one side, your Coinbase on the other, and Shift4 Payments will act as the saloon-keeper who exchanges your ethereal coins for sixty-two miles of altitude and ninety seconds of weightlessness. They call it “commerce.” The crypto bros call it “the final moon.” 🌝
Ah, but dear reader, let us not be swept away by the fervor of such lofty aspirations! Zeberg’s analysis, steeped in the arcane art of Elliott Wave theory, suggests that we are currently in the fifth wave-a euphoric climax where prices may soar as capital flows in like a river after a spring thaw. His charts, those intricate maps of human folly, hint at a range between $8.96 trillion and $12.81 trillion, with the latter being the more tantalizing prospect. 🍾
Let’s break it down: KuCoin, the crypto exchange that’s cooler than your high school cafeteria, has teamed up with DigiFT, the A-listers of tokenized RWAs. Together, they’re unlocking trillions (*trillions*, people!) of dollars stuck in boring old traditional finance. BC Wong, KuCoin’s CEO, says this partnership will “revolutionize the tokenized RWA market.” Bold claim, but honestly, if anyone can pull it off, it’s these guys. 🌟
Now, the price of NEAR has taken a bit of a tumble-down by over 5% in the last 24 hours-but don’t rush to sell just yet. Some say it might be undervalued, and who are we to argue with a potential goldmine? 💰
Coincidentally, August 11 will be remembered in crypto history as the day when the ETF inflows hit the big leagues, the ‘biggest single-day splash’ since anyone started paying attention. The big money-BlackRock, Fidelity, and a few others-decided to drown the market in their shiny buckets, with over half a billion ducklings, approximately $640 million, flowing into BlackRock’s ETHA alone. The rest? Just small fry stuffing their pockets while the whales do the ballet. 🐋
