Cryptonews

The Ethereum seas, once tempestuous, now shimmer with the glint of whale-scale gold. On-chain data reveals a curious ballet: small-time swimmers, clutching 10 to 10,000 ETH like a beggar’s last coin, flee the waters. Meanwhile, leviathans hoarding 10 million ETH (or more) waltz in, devouring supply with the appetite of a goblin at a feast. These titans, with their $100k+ transactions, march like soldiers to war, each trade a drumbeat heralding a new era-or perhaps just a new tax bracket.

“Not Bitcoin alone, but Ethereum too! And-good heavens!-Solana as well!”

Fink, ever the enigmatic figure, refrained from naming the specific network, yet the alchemy of BlackRock’s onchain ventures and its research musings pointed inexorably toward Ethereum, the most probable candidate for this “one common blockchain,” even if he cloaked it in ambiguity. One might say the choice was as inevitable as the sunrise over a well-trodden path.

Once, the XRP price danced above $2, a fleeting waltz in the springtime of optimism. But the dance was brief. Weeks passed, and the price floundered, like a fish out of water, gasping for a breath of momentum. Last week’s false dawn-a brief flutter upward-ended in a tumble toward $1.95, where it now wallows, consolidating in the mud like a hog in a rainstorm. The cryptocurrency’s strength? A mirage. Its weakness, as unyielding as the California sun on a July field.

This Palo Alto bunch has been itching to go public for longer than a troll under a bridge, hoping to ride the wave of everyone suddenly wanting a piece of the digital asset pie. Last September, they filed for a US IPO, dreaming of seeing their Class A shares listed on the New York Stock Exchange under the ticker BTGO. Fancy that!

The altcoins, ever the opportunists, smirked as Bitcoin flailed. ETH flirted with $3,000, XRP nudged $2.00, and Canton (CC)-that sleeping dragon-awoke with a roar, spitting fire at a 10% surge. The market, it seemed, had finally grown tired of Bitcoin’s midlife crisis.

On the 22nd of January, Santiment took to X to declare, “According to our social data, XRP has fallen into ‘Extreme Fear’ territory!” Retail traders, those fickle creatures, now whisper of doom, their pessimism as thick as the air in a Parisian theater. Yet history, that most unreliable of narrators, suggests that such bearish chatter often precedes a rally. Alas, prices dance to the tune of retail expectations only when the plot demands it!

Now, Jomkwan Kongsakul, the deputy secretary-general of the Thai SEC (quite a mouthful, ain’t it?), let slip that they’re fixin’ to roll out formal guidelines for crypto ETFs “early this year.” The Bangkok Post caught wind of it on Jan. 22. Seems the SEC’s already given the nod in principle-just dotting the i’s and crossing the t’s now.

On what seemed an ordinary Wednesday, Bitcoin, that digital gold, took a tumble-not with the grace of a ballet dancer but with the clumsiness of a drunken sailor-reaching a low not seen in three weeks. From lofty heights of nearly a hundred thousand dollars, it plummeted, as if yanked down by some invisible hand of fate. The past week’s volatility, stirred by geopolitical whispers and shadows, has driven the crypto to retrace nearly 10% of its recent gains, leaving traders with frowns and empty pockets.

In the vast expanse of the digital realm, where mortals squabble over likes and relevance, the social media colossus X has resolved to bestow a new feature upon the unwashed masses. Dubbed “Starterpacks,” this innovation promises to guide the newly baptized X users through the labyrinth of curated lists-crypto, technology, business, and more-without requiring the effort of critical thought or the peril of self-discovery.