Cryptonews

As it soared, BTC broke records left and right, knocking down walls and setting a shiny new high of over $123,000. It even briefly danced on the global leaderboard, surpassing silver, Alphabet (Google), and Amazon—because why not? It was only fitting that it became the fifth-largest asset in the world. Of course, things settled down (we knew this was coming) and Bitcoin found itself back in sixth place after a little price correction. How quaint.

Wynn exploded onto the scene armed with not one, but two high-wire acts of leveraged positions. First, he thrust himself into a 40x leveraged bet on Bitcoin, a position draped in the grandeur of over $19.5 million at a price tag of $117,000. But here’s the kicker—if Bitcoin’s fickle heart dipped below $115,750, Mr. Wynn might find himself navigating the murky waters of liquidation once again. Doing so costs him a cool $1.4 million in funding fees, merely to keep on the edge of profit, which currently dangles at a tantalizing $78,000. It’s like feeding a hungry alligator, isn’t it? 🐊

Based on its daily performance, SHIB recently made an attempt to recover the $0.000014 zone through a rally. Additionally, it was able to push back above the 50-day and 100-day EMAs. But once more, the 200-day EMA (black line) rejected the advance and sent the price plunging by almost 2% in a single session, proving to be unbeatable. A planned spike to entice retail buyers before larger holders offload into thin liquidity is the textbook distribution of a failed breakout.

This approval, as timely as a well-placed bon mot, follows ProShares’ listing of the XRP futures ETF on the DTCC, a decision as bold as a midnight rendezvous, starting from July 8.

This modest response to Bitcoin’s price surge likely springs from traders who appear to have already priced in this grand impact—how quaintly predictable!

Local media, ever vigilant in their quest to unearth state secrets, report that a portion of the nation’s gold and foreign exchange reserves, along with the assets of the National Fund, are being eyed for this financial escapade. Just imagine what could happen if they fail — the national dishes could be replaced with ramen noodles! 🍜

Since the launch of Pi’s Open Network, the community has been eagerly awaiting the listing of Pi Coin (PI) on Binance, the world’s largest crypto exchange. But, alas, these expectations have yet to materialize. Fear not, for an analyst has outlined three primary reasons behind PI’s absence from major exchanges like Binance and Coinbase.

As the ink dried on this new chapter of cryptocurrency folklore, the market cap did a little dip, settling at around $5.04 billion – a mere trifling sum! The Initial Coin Offering (ICO) had more excitement than a squirrel at a nut festival, lasting just 12 minutes on July 12, where eager investors practically trampled each other to secure a piece of the action, raising $500 million by hawking 125 billion tokens. Talk about a valuation that would make even the most hardened marketeers raise an eyebrow! 🧐

This latest funding propels Function—formerly known as Ignition—into the limelight as it endeavors to unshackle institutional yield opportunities from the clutches of bitcoin, that oh-so-glamorous yet tragically underutilized digital darling in the world of decentralized finance (DeFi). 🧐

This juicy news comes from Theminermag, a trade publication for the cryptocurrency mining industry that keeps you up-to-date on the latest news and research on institutional bitcoin mining companies. You know, the ones who make all the big moves and shake up the market.