This crypto rollercoaster 🚂 is fueled by USDe, Ethena’s synthetic stablecoin, whose supply just hit a mind-boggling $8.73 billion. That’s more zeros than a Mel Brooks budget! 📈
Hedera was on a pretty wild ride—climbing over 130%, like a kid on a sugar rush, from the June lows. The rally was supported by rising volume and a bullish crossover that made traders think, “Hey, maybe HBAR isn’t just playing hard to get.” It smashed through the $0.23 resistance, teasing a possible move toward $0.33, only to get a little shy and retreat.
Ripple’s XRP, the darling of the crypto soiree, is hovering near $3, up 5% in 24 hours. But let’s not forget, it’s down 9% this week and still 18% below its July 18th peak of $3.65. Trading volumes? A fleeting $110 million at the height of the party, thanks to those ever-so-chic large buyers. 🥂
This isn’t just a blip on the radar; it’s a full-blown, sari-swirling, Bollywood dance number in the world of cryptocurrency. 🇮🇳💃 India’s crypto community has been grinding harder than a Delhi traffic jam, and now they’ve zoomed past the competition like an auto-rickshaw on a mission. 🚗💨 The achievement is as impressive as it is inevitable, given the country’s knack for turning tech trends into national pastimes. Remember when everyone suddenly needed a yoga mat and a chai latte? Yeah, it’s like that, but with blockchain.
But here’s the catch: none of this is happening on-chain. It’s like a party where everyone’s at the door, but no one’s inside. 🚪
Our stalwart tokens, Bitcoin (BTC) and Ethereum (ETH), have held their ground with the tenacity of a bear in hibernation, undeterred by the tumultuous waves of global macroeconomic pressures and the internal squabbles of volatility. While the short-term fluctuations continue to dance about like a lively waltz, the broader market exhibits signs of stabilization, buoyed by the accumulation of whales and the shifting tides of liquidity.
Lo! His words come hot on the heels of a revelation from the learned gentlemen of Microsoft, who have uncovered a list most dire of forty roles most susceptible to the iron grip of automation—roles that flourish within the realm of cryptocurrency and beyond. Yet Monsieur Sacks, with a twinkle in his eye, denieth such alarms, asserting that the narrative of job destruction is but a potion brewed with exaggeration and folly. 🍵
The Commodity Futures Trading Commission (CFTC) has decided to spice things up and launched the “Crypto Sprint” (sounds like a marathon but for your digital assets). Announced by Acting Chairman Caroline D. Pham, because she clearly likes to make things lively, this move aims to slap a cure-all label on the President’s Working Group report—like giving it a much-needed caffeine boost. The goal? Make the U.S. the boss of digital assets. Yep, America’s back on the blockchain throne! 🇺🇸✨
There was a recent whisper from the wise MrD Indicators, a brave attempt to catch a falling star—or, more accurately, a plummeting coin—setting an entry at the ludicrous range of $830.6 to $845.47. Targets were laid out like breadcrumbs on a wolf’s path, and stop-losses placed at $907.02, so the trader’s hopes could be dashed mercilessly. And dash they did—each target shattered with cruel precision, unleashing a modest harvest of 163.70%—a number that stings like a slap when you realize it’s just a flicker amidst the darkness.
