Cryptonews

In his latest update on X, Benjamin Cowen, the crypto prophet who’s never wrong… ever, highlighted that Bitcoin recently touched the bull market support band. Just a few days before September began. Because nothing says “I’m a bull” like a 50% drop! This level has historically acted as an important pivot zone-where the bulls often attempt to hold the line and defend broader market structure. Maintaining strength above this band could play a vital role in preserving bullish sentiment. Or, you know, just getting us all to panic again. 💸

Led by Red Dot Capital (dot, as in the sound of my brain when I hear these numbers), with folks like Nyca, Wing VC, DCG, and Cerca jumping in, they pushed the March Series A to forty million. It’s like they’re collecting funding rounds like Pokémon cards.

Analysts are scratching their heads, debating whether retail investors are secretly dumping ETH into the void, masking what might just be the most bullish setup since… well, ever. Or maybe they’re just too busy doom-scrolling on social media to notice. 📉🤷‍♂️

In the year 2024, the good people of America, known for their spirit of adventure and occasional gullibility, lost a staggering sum of $4 billion to crypto fraud. These are not mere pickpockets we speak of, but sophisticated thieves who, instead of breaking into wallets, persuade their victims to hand over the keys to their digital treasures with a smile and a well-crafted lie. 🏦💰

In the wake of glamorous IPOs from the like of Bullish, the phoenix of crypto burns ever brighter. The heart desires crypto exposure! It’s a bubble of desire, thriving in the bustling public markets.

Consider, if you will, the descending channel-a Sisyphean slope descending from the all-time high (top left of the chart, for those with eyes as keen as a lepidopterist’s). This breakout, the first of its kind since the summit, whispers of a bottom, a nadir from which our heroine might rise. Yet, should another leg down materialize, it would be the market makers, those shadowy puppeteers, flushing out the longs before the grand finale. A flush, you say? How très dramatic! 🎭💸

Speaking to the ever-gaping maw of CNBC, Bessent waxed poetic about this “incredible group,” a mélange of current and former Fed officials, alongside private sector wizards. Names? He spills none, but the whispers of the media have already crowned their favorites: Governors Michelle Bowman and Christopher Waller, the ghost of Fed past Kevin Warsh, and the economic oracle Kevin Hassett. 🧙♂️

But how, you might ask, does one embark on such a fantastical journey? Through the launch of a cloud mining platform, of course! This platform, which shall be known as KuMining, promises to bring the joys of mining to both retail and institutional investors, offering them access to verifiable hashrate backed by mining facilities boasting between 300 megawatts (MW) to 2 gigawatts (GW) of power. Imagine the thunderous roar of these machines, a symphony of technological prowess and financial ambition! 🎶⚡

Joseph Chalom, co-CEO of SharpLink Gaming, has raised a red flag (or maybe a cautionary lantern) about firms treatin’ Ether like a slot machine. “You’ll find folks playin’ with fire, thinkin’ they’re juggling coconuts,” he quipped. “But let me tell ye-fire burns, and coconuts hit hard.”

This price surge isn’t random cosmic noise; technical indicators are suggesting that buying pressure is slowly but surely building up. Imagine a crowd of traders with dollar signs in their eyes, inching closer to FORM like moths to a very expensive flame. This could set the stage for FORM to revisit its previous peak. Or not. Who knows? That’s the beauty (and terror) of markets. 😅