Cryptonews

Crypto sage CasiTrades, with all the wisdom of a fortune teller, revealed that XRP’s price dipped to $2.85. Wait, what? A mere dip? But it’s not just any dip, folks – it’s aligning perfectly with the 0.236 Fibonacci retracement level. It’s almost as if the market took a breath, preparing to unleash its next big move. A slight dip is just a cosmic sign the market is “cooling off” – or so they say. Meanwhile, the bulls are practically flexing their muscles, ready for a comeback. 🐂💪

Wen Hou, the chief investment officer of Coincident Capital (certainly a title that echoes in the hallowed halls of finance), suspects that his poor father, Naiping Hou, might be tangled in a web spun of digital doubloons. Yes, apparently, wealth and wisdom are not always intertwined; how curious!

While the price continues to rise, XRP faces a growing risk of sell-offs as investors react to recent price movements. Over the last ten days, XRP holders have offloaded a substantial amount of the token, selling over 540 million XRP, worth approximately $1.74 billion. The surge past $3.00 likely triggered this sell-off, as many investors feared a price decline and opted to lock in their profits. 🤑

As per a press release that fluttered into the hands of crypto.news, this strategic partnership marks the first time the German web3 entity has dipped its toes into the vast ocean of the U.S. markets. The collaboration promises to introduce USD virtual accounts that offer real-time stablecoin-to-fiat conversions, free on and off-ramps, and cross-border payments in over 70 countries. Imagine, if you will, a world where payroll, remittances, and B2B transactions are as simple as a click, all through the magic of DeFi platforms. 🌍💻

Alongside this audacious claim, Saylor unveiled a splendid infographic, a veritable tapestry of numbers, showcasing the meteoric rise of his firm’s stock, MSTR, which is gallantly outperforming its competitors in the market clash. At present, the Strategy remains a veritable juggernaut of Bitcoin holdings, boasting the largest reserves—much like a squirrel in a nut factory, if you will. 🐿️💼

Our pièce de résistance is none other than the audacious heist of Bybit, pilfered by our finest friends from the DPRK — a spectacle of $1.5 billion stolen! Not to be outdone, the charming gents from Chainalysis inform us that our dear MetaMask is not spared from this melodrama, with nearly 500 poor souls falling victim to daily attacks. Sacré bleu!

According to a recent daily chart shared by the astute analyst GÖKTÜRK DEMİR (@Demir44106384), SEI has successfully breached its key pivot at $0.2375, establishing a bullish structure identified on the chart as “BOĞA.” 🐂

Other notable gainers include Dogecoin (up 7.4%), Shiba Inu (up 5.5%), and Pepe (up 6%). It’s like the whole crypto market is one big joke, and everyone’s in on it. 🤣 The total market cap of meme coins now stands at a staggering $79.87 billion, with a 24-hour trading volume of over $33 billion. That’s a lot of money being thrown around, if you ask me.

According to Reuters, who got their hands on some juicy data from Goldman Sachs’ prime brokerage desk, these hedge funds have been dumping bank stocks for two whole weeks now! 😲 Instead, they’ve been buying consumer staple stocks at a pace that hasn’t been seen in nearly two years. 🏃‍♂️

Meanwhile, 3,791 wallets (37.4%) are still holding onto their tokens, while a small group of 312 wallets (3%) have actually increased their holdings a week after the token launch. 🤑