Solana is trading near $186.24, down slightly by 0.25%, but analysts remain bullish, predicting potential targets between $300 and $400. Because nothing says “confidence” like a 0.25% drop and a 100% chance of a “sweet zone”! 📈
Transaction value: 2.55% of AUM. A small number, certainly, but in a system where individuality is smothered under the weight of algorithmic consensus, such acts of measured acquisition read like quiet acts of dissent.
And while most sane people would run for the hills, more than 1.54 million wallets have been snagging up this questionable digital dogecoin, suggesting an inexplicable but persistent faith in the token’s future. Yes, even as it continues its battle to stay above the monumental threshold of $0.00001. 🙄
In a post dated October 21, Toni Wahrstätter, the harbinger of gasly doom, declared: “Starting with the Fusaka hard fork, EIP-7825 introduces a per-transaction gas limit cap of 2²⁴ (~16.78 million gas).” The Foundation’s note assures us that while the cap binds individual transactions, the block gas limit remains untouched. This is supposedly to fend off denial-of-service attacks where a single bloated call gobbles an entire block. Ah, the joys of predictability in block packing! 🧩
Talk around an XRP Exchange-Traded Fund (ETF) has grown as large financial firms prepare for potential approval, akin to a grand ball where the guests have already arrived, and the host is left wondering if the festivities will live up to the anticipation. 🎩💼
Enter stage left: the illustrious BitcoinOG (a.k.a. 1011short, a name no doubt chosen for its complete lack of pretension), that enigmatic trader who once shorted the October 10 crash with all the precision of a vengeful ballerina. Now, according to the ever-watchful Lookonchain – which, I assume, holds its breath during market opens – this whale has decided to liven things up. Again. 🎩💥
The report informs us that 40-70 million souls now dwell in the web3 realm, a number that grows by 10 million annually. Yet, these are but the timid first steps of a child into a pool, while the true horde of 716 million crypto-owners lurk in the shadows, whispering secrets to their smartphones. One wonders: are they truly users, or merely spectators clutching tokens like talismans? 🔮
Eric Balchunas, that sharp-eyed fellow at Bloomberg, took to the social media ether (X) and called this frantic flurry a “total land rush,” which sounds about right-like a bunch of financial types racing for the last scone at a garden party. Leading the charge are Solana and Bitcoin, with 23 filings each. Ripple’s XRP is hot on their heels at 20, while Ethereum is not exactly trailing far behind with 16. And, in a delightful touch of the absurd, there’s even a couple of filings for a political-themed token-namely, the Official TRUMP meme coin-because what the world needs is more political memes in ETF form.
Ah, the delicate dance of diplomacy! US-China relations, more fragile than a champagne glass at a bullfight, now waltz with Trump’s tariff tantrums 🇺🇸🇨🇳😬. Traders, meanwhile, cling to leverage like a bad habit they can’t quit.
For context, their adjusted EBITDA was $4.3 billion, and they’re sitting on $41.6 billion in cash. So, the $80 million is like finding a $20 bill in your old jeans. Nice, but not life-changing. Unless you’re buying jeans. 👖
