This token has crashed the top 100 cryptocurrencies like it’s a party it wasn’t invited to, with its market cap now strutting past $500 million. And it’s doing all this while the rest of the crypto market is sulking in the corner, nursing its wounds. ZKsync, meanwhile, is over here like, “Downturn? I barely know her!” 😎
A filing with the Securities and Exchange Commission-document number 4,723,901 in the endless saga of human avarice-revealed that Gimbal Financial had, sometime between sips of overpriced bourbon and muttered prayers to the algorithm gods, amassed this position during Q3. By September 30, the ETF had become the firm’s second-largest holding, valued at $17.59 million. One might call it a “strategic allocation.” A cynic would call it buying a lottery ticket and calling it a business plan.
Bitcoin struggles to recoup losses that sparked multimonth lows under $100,000-because who needs confidence when you can have chaos? 🐳💸
A spot of news from Lookonchain, that clever on-chain data aggregation platform, confirms the ruckus was kicked off by some jolly large sell-offs. It seems the big fish-or should I say, whales-have been shifting their considerable stacks of Bitcoin into exchanges, cashing in their chips like it’s a high-stakes game of bridge. 🏦🐳
So, what’s the tea? 🍵 Cactus Custody is bringing its Off-Exchange Settlement (OES) solution, aka Cactus Oasis, to KuCoin’s platform. Fancy, right? This means institutional bigwigs can trade on KuCoin’s spot, margin, options, and perpetual futures markets without pre-funding their wallets. Basically, your assets stay snug in Cactus Custody’s regulated vault until the deal’s done. No more leaving your purse unattended at the bar! 🕶️
Yet, amidst this financial Siberia, a handful of crypto whales-those leviathans of the digital deep-have chosen to swim against the crimson tide. With a defiance that borders on madness, they open new long positions, as if whispering to the market, “You shall not break us.” 🦈✊
Apparently, some fancy deployer called tradexyz dropped 500 HYPE (aka $18,976, which is like, a year’s worth of Pinot Grigio 🍷) to secure the $COIN ticker. All this drama unfolded via a HIP-3 deployment bid, because nothing says “crypto” like a Dutch Auction and a side of jargon. 🏛️💰
Momentum indicators are softer than a wet noodle, and short-term sellers are circling like vultures. Unless a magical reversal unicorn 🦄 gallops in, the path of least resistance is downhill-faster than a troll on a sled.
According to a piece of parchment filed with the SEC, this band of financial pioneers closed the book on Valaris entirely. Their 2.8% stake-once a proud feather in their cap-vanished quicker than a coon dog’s shadow at noon. The balance sheet now bears fresh ink for the period ending September 30, a date that’ll likely be remembered in their office as “the day we stopped whistlin’ past the graveyard.”
Now, all eyes are glued to the $98,000 support level. Will it hold? Will Bitcoin bounce, or will it just sink into a deeper hole like a sinking ship? Only time will tell, but a big ol’ “BOOM” at this level could give BTC the boost it needs to avoid tumbling toward the mid-$90,000 range. 💥
