Cryptonews

Polkadot, that fickle darling of the blockchain, is currently engaged in what the plebeians call a “healthy correction” – though I suspect it’s merely catching its breath after exhausting itself with all that upward mobility. The $3.75 level, once a formidable foe (resistance, they call it), now plays the role of potential savior, having undergone that most miraculous of transformations: the “flip” into support. How very modern!

Like a magician revealing his final trick, Jack Dorsey’s prestigious payment conjuring company—Square, under the grand roof of Block Inc.—has decided to sprinkle a little Bitcoin glitter on its merchant roster. Now, vendors are tickled pink to accept Bitcoin payments straight from the eager hands of customers. The Lightning Network plays the role of a cheeky accomplice, allowing transactions to pirouette through Square’s existing systems, sans any new gadgets or hapless third-party apps. 🎩✨

According to the ever-reliable CoinGlass, the open interest has slinked down by 3.5% – a veritable tragedy for a meme coin that once danced with the stars. 🐕📉 The futures market now holds a mere 19.18 trillion SHIB, which, at current prices, is roughly enough to buy a cup of coffee… if you’re a billionaire. ☕💸

Where did they get the cash? Oh, just some boring old SEC-approved equity financing. Nothing says “party” like an S-1 registration statement, am I right? 🎉📄 But here’s the kicker: they’re not just hoarding this digital treasure like dragons on a pile of gold coins. Nope. They’re planning to “generate staking yield” and dive headfirst into the Ripple ecosystem. Sounds fancy, doesn’t it? Like they’re joining an exclusive club where everyone wears monocles and sips pixelated martinis. 🍸📈

Here’s the deal—some crypto whiz named CryptoBullet (who sounds like a superhero, by the way) has been peering at Ethereum’s chart like he’s got a crystal ball. He believes ETH is showcasing this fancy thing called a Descending Broadening Wedge. Sounds impressive, doesn’t it? But let’s be real: it’s a fancy way of saying, “It could go up or it could go down. Who knows?” 🤷‍♂️

But what’s this? A breakthrough! The coin decided it was tired of being stuck in that endless sideways waltz and said, “Not today!” Breaking free from its shackles, it reignites the flickering hope of giddy investors, who undoubtedly have more charts than friends.

After the GENIUS Act was recently passed and signed into law by President Trump, this action aligns with it. The act establishes definite guidelines for stablecoin operations, such as full reserve backing and supervision from federal banking authorities. This new legislation removes any regulatory uncertainties, enabling conventional financial institutions to collaborate more freely with crypto companies.

Our buddy Leader Alpha just dropped a chart that shows Cardano dancing its way to a major milestone! 🤩 The latest weekly chart reveals a multi-year trendline that’s had ADA under wraps since late 2021. After some serious compression – we’re talking the kind you get when you try to fit a cat into a suitcase – the price is now sneaking into the apex, hinting that a breakout is more likely than your Uncle Larry showing up at Thanksgiving! 🦃

Price is stalling near the value area high and long-term trendline resistance. Because nothing says “I’m busy” like a trendline and a value area high. 🕒

In a recent outburst, a fellow named Eliezer Yudkowsky spilled his thoughts, claiming that as trillion-dollar coffers are poured into the improvement of these brainy bots, we might soon find ourselves the subjects of “intelligent, adaptive assaults on vulnerable minds.” You might as well hand your opinions over on a silver platter, as these gizmos might just have a penchant for convincing us of anything from the merits of pineapple on pizza to the flavor of moon cheese. Yudkowsky sauntered so far as to christen this whirlwind of confusion “AI psychosis.” Goodness, sounds like a hoedown at the local asylum! 🍕👽