Category: Crypto news

As of this very moment, the Dogecoin is languishing at a mere $0.17, having suffered a 13% loss over the past week. In the grand scheme of things, it appears that only Solana has managed to outdo DOGE in the art of decline. Bravo, Solana! 🎭

This level has held firm since late April, despite the broader market’s dramatic pullbacks. The current chart structure reflects a phase of consolidation, not capitulation. A break above the downtrend resistance could confirm a reversal, attracting capital that has been sitting on the sidelines, perhaps sipping tea and contemplating life. If momentum strengthens, the next upside test would be at $0.409. How poetic!

In a recent revelation from the esteemed oracle known as Santiment, we learn of a curious trend in the realm of XRP. The “Supply Distribution” metric, a rather fancy term, reveals the number of wallets that belong to a certain coin range. And what a range it is! We are speaking of wallets that hold more than a million coins—yes, you heard that right! That’s about $2.2 million, which is no small change, my friends.

Analysts, bless their hearts, are as divided as a group of wizards arguing over the best way to brew a potion. Some see the macro environment as a harbinger of deeper corrections, while others are calling for an imminent breakout and new all-time highs, fueled by long-term structural demand. It’s like watching a game of chess where both players are convinced they’re winning. 🐢

The company, not wishing to be seen as timid, procured an additional 34 bitcoins last month at the average princely sum of $100,600 for each digital coin—one can imagine the accountant’s brow beading with sweat as he signed each transfer.

Now, let’s break this down for the uninitiated: the government could end up paying less interest when it borrows money. Imagine that! A world where our beloved government is not drowning in interest payments. Over time, this could lead to a reduction in the national debt and, dare I say, usher in a new era where people from all corners of the globe flock to the U.S. dollar-based digital economy. Bessent, in his infinite wisdom, dubbed this a “win-win-win” for the private sector, the Treasury, and consumers. Because who doesn’t love a good triple win? 🙌

First up, we have the SEC’s thrilling review of the proposed Franklin Templeton spot XRP exchange-traded fund (ETF). And just when you thought it couldn’t get any juicier, we have a major update in the never-ending SEC v. Ripple Labs saga. Talk about a cliffhanger! 😱

To extract a single Bitcoin, one must now part with over $70,000—an amount that exceeds the very value of the coin itself! What a delightful irony! 🎭

“Just look!” Sigel declared, monocle fogging with digital dread, “no public treasury has yet sunk below their Bitcoin NAV for long—though Semler Scientific, an American gadgeteer of mysterious devices, hovers dangerously close, tiptoeing on the precipice of parity.”

In the wake of this delightful chaos, over $513 million vanished from the crypto-leveraged market, with long traders contributing a hefty $421 million to the disappearing act. But fear not, dear traders! The BTC fear and greed index is still hovering around 68 percent, which is about as optimistic as a Vogon poet at an open mic night. 🎤😅