So Bitcoin drops 7.5% – from a sky-high $125K (yes, really, we’re in the future now) all the way down to a measly $112,578. Only a *mere* $13K wiped out. No big deal. Meanwhile, Ethereum – poor, overworked, constantly gas-guzzling ETH – gets absolutely crushed. Down 13% to $3,799. That’s not a price, that’s a psychological trauma number.
According to Fox Business correspondent Charles Gasparino, discussions around a pardon are “heating up” within the White House. No official confirmation arrives, and yet insiders insist the talks have gained traction in recent weeks, as if the state were finally letting itself feel the tremor of the market’s whispering conscience.
The ‘Crypto Fear & Greed Index’ – a thing, apparently, meticulously compiled by individuals who spend their days attempting to quantify the collective anxiety of internet strangers – has plummeted to a ‘Fear’ level of 27. A mere 27! Back on Friday, these same experts were basking in a warm, foolish ‘Greed’ of 64. Honestly, the volatility swings faster than a babushka shaking her fist at a passing tram.
The Treasury’s moves, described as historic, form a sequence that could have been drafted by a novelist dreaming of a policy cliffhanger. Direct intervention in the FX market at moments of “acute illiquidity”-words chosen to flatter the ear while the ledgers tremble-was presented as prudence in motion, a veritable stage whisper to the global audience that all is well, provided one ignores the tickets sold for the show.
According to CoinGlass’s public statement, someone clearly with unmatched ambition launched a “large-scale proxy strike.” Regions were probably aided by their best friend, cyberspace. Users, meanwhile, marveled at their screens like, “Is this loading… or dead? Is the server sad it’s stuck in 1999 again?” 💀
According to the ever-reliable Coinspeaker and their trusty friends over at Coinglass (yes, the ones who are always there when things go south), the total liquidations hit $771.3 million. A whopping $613 million of that was from long positions. Oh, Ethereum, you were leading the charge with $233.32 million liquidated, while Bitcoin followed like a loyal puppy, losing $179.93 million. 🐶
References to XRP in Parliament are simply part of normal industry discussions and don’t mean the government officially supports it. For XRP to be considered a key part of the UK’s infrastructure, the government or Bank of England would need to formally approve it – something that isn’t likely to happen anytime soon.
Senator Charles Schwertner, a man with a stubborn gaze and a microphone, spoke to CryptoMoon on Thursday about the birth of this Bitcoin reserve, signed into law by Governor Greg Abbott in June. The document allowed Texas to guard other cryptocurrencies in a “special fund outside the state treasury,” though Bitcoin alone wore the badge when the ink dried. 🤨
In the midst of Ethereum’s steady rise, a new and somewhat shocking debate has sparked among the world’s financial elite. Is Ethereum the next big thing in crypto? Well, according to Joseph Chalom, Co-CEO of SharpLink Gaming (the guy who knows a thing or two about gaming and possibly crypto, because why not?), Ethereum has been crowned the superior treasury asset compared to Bitcoin. Yep, you heard that right-Ethereum is apparently the better choice for corporate treasuries. The cryptocurrency world is in a bit of an uproar, because, you know, Bitcoin’s been the reigning champ for ages, and this new kid on the block is causing a stir.
