Lo, the HYPE/USDT 12-hour chart, a canvas of chaos, reveals an ascending triangle, that most deceptive of patterns. The resistance, a fortress of $49-$50, looms like a specter, while the trendline of higher lows, forged since the dark days of July, whispers promises of salvation.
“Maybe the Fed indeed was too late…”
The S&P 500, ever the show-off, gained a modest 0.4% to reach a record 6,537, while the Dow Jones Industrial Average added 50 points, as though it were merely tipping its hat in greeting. The tech-heavy Nasdaq, meanwhile, opened up a sprightly 0.9%, all because August’s labor data has Wall Street chaps betting on a Federal Reserve interest rate cut in September like it’s the Derby. 🏇💸
The conference kicks off with a welcome reception on November 3. Then brace yourself for some mind-blowing sessions covering everything from tokenization to stablecoins, market structures to security. And no, there won’t be any boring keynote speeches on “how to make coffee at your startup,” this is the real deal. ☕
According to the public blockchain tracker Shibburn (a name that sounds both serious and slightly mischievous, wouldn’t you agree?), the past week has witnessed a monstrous surge in SHIB burns. A grand total of 22,652,982 SHIB coins have been ceremoniously locked away in dead-end wallets, a spectacle that most certainly wouldn’t pass the family-friendly review of your average meme enthusiast.
The sudden price surges have whipped up a frenzy of speculative interest. Along with this, there’s been a noticeable uptick in derivative trading. In such a climate, the focus shifts from quick, get-rich-quick schemes to more solid, fundamental platforms. Investors, they’re thirsty for stability. They’re looking for a new way to play the game, something more reliable and secure.
Earlier this week, they dropped a cool $44 million on 10,000 ETH, which is basically the financial equivalent of saying, “Yeah, we’re serious about this crypto thing.” But according to Caixin, they’re not done yet. BTC and SOL are next on the menu, because apparently Yunfeng is determined to make fiat currencies cry in a corner. 😭💸
Once, oh how glorious it was, supporting 52 well-to-do cold wallets, brimming with as much as 26.8 million XRP apiece. Alas, the grand scheme has folded into ten well-mannered executors, each harboring about 16.5 million coins. My word, what a sight! Such conservative complicity is delightful.
Behold, Matt Poblocki, general purveyor of Binance’s Australian and New Zealand escapades, took to the stage-or should we say, the virtual script of CryptoMoon-to lament: “Seamless access,” he proclaimed, “affects participation, instilling confidence and office-worthy trust in the market. Yet, these barriers brood, stifling adoption and flowering growth!”
Enter OxPepesso, a self-proclaimed sage of the markets, who has taken to X (née Twitter) to declare his dramatic exit from the crypto stage by October. With all the flair of an actor in a Molière farce, he points to historical patterns as his guiding stars. Ah, but beware, dear investors, for the fabled “altcoin season” may be shorter than your patience for this charade!
