Base, that shiny new Ethereum Layer 2 darling, decided to throw a tantrum and hit pause on its mainnet-just when you’d think it might be able to handle, I don’t know, more than a teacup full of activity? Turns out, its active sequencer chose to take a nap because the blockchain got a bit too enthusiastic. The official word? “High onchain activity,” or as I like to call it, “Too much coffee for the server.”
This guy made his name talking about real estate and gold-the boring stuff your uncle brags about at Thanksgiving dinner-but guess what? Bitcoin turned out to be his golden goose. Well, more like his *digital* goose. No tenants calling at 3 AM because their toilet exploded. No mortgage payments stressing him out. Just some Bitcoin chilling in cyberspace, quietly multiplying while Kiyosaki forgot all about it. Then BAM! Millions. 🚀
This persistent haemorrhage has folks scratching their heads. Is the grand bull market over, or is this just a theatrical intermission? If so, it’s a pretty dramatic one, with Bitcoin ETFs spearheading the rebellion. They’ve dumped over $812 million on the very first day of the month-truly a welcome gesture. Since last Thursday, U.S.-listed Bitcoin ETFs have lost more than $1.5 billion-because apparently, trusting Wall Street is optional now. Major funds like Fidelity’s FBTC, Ark Invest’s ARKB, and BlackRock’s IBIT have led the exodus, losing over $175 million in just a Tuesday-but hey, who needs all that money, right? Just a fleeting fling into the abyss. 💸
Market cap? A modest $31.47 billion-nothing to sneeze at if you’re into the crypto rodeo. Daily trading volume has shot up 26.28% to $931 million, making Tron the apple of retail and institutional investors’ eyes. But wait, there’s drama! The failed breakout at $0.334 and Tron Inc.’s $1B shelf filing-sounds fancy, but also a bit ominous-have cast shadows heavier than your grandma’s curtains. Still, on-chain metrics are painting a bullish picture, so grab your popcorn – this price analysis is about to get spicy.
This latest escapade, which one might call the first concrete result of their collaboration-originally unveiled in February 2024-marks a significant step in the grand scheme of things. Or, at least, it does if you’re into that sort of thing. 🕵️♂️💰
One whisper is a “profit-taking” parade, nudging the price back to a modest $95,000 if the technical pressure gets a bit too insistent-think of it as Bitcoin playing a game of tag with the bears. Meanwhile, the other whisper hints at a “bullish rebound,” marching triumphantly towards $119,000, provided the current bottom isn’t just a fleeting mirage and the divergence drama plays out in favor of the bulls. 🐂
Bitmine Immersion Technologies (Nasdaq: BMNR) just knocked everyone out of the park – surpassing the 833,000 ETH mark, valued at over $2.9 billion, all by August 3! That’s not a typo, folks. It’s like they found the secret sauce to turn digital bits into billion-dollar bites. 🤑
In a recent missive from the oracle known as CryptoQuant, our dear contributor Kripto Mevsimi has unveiled a curious spectacle: the old whales, those grand titans of the crypto sea, have decided to take a nap instead of cashing in their treasures. Meanwhile, the fresh-faced newcomers, the new whales, are basking in the sun, albeit with only a smidgen of profit to show for their efforts.
Eager to make your money work for you (and for them, obviously), the ever-ambitious exchange announced on X (because “Twitter” was too mainstream, I suppose) that it’s running a kitchen-sink crypto giveaway: Towns Protocol (TOWNS), Succinct (PROVE), Euler (EUL), and Mamo (MAMO) have all been tossed into the great whirlwind of ERC-20 options. Move over, Dogecoin – make way for the strange acronyms of the future. 🌪️💸
So, what’s next? Will ETH hit $10K by 2030? Buckle up, buttercup – we’re diving into the chaos of Ethereum’s price prediction 2030. 🚀