The DeFi activity, once a vibrant tapestry of innovation and progress, now lies dormant, a victim of the cruel whims of fate. The DEX volumes, a pitiful shadow of their former selves, whisper tales of a forgotten dream, a dream that once promised to revolutionize the world of finance 📉.
This whole kerfuffle was kicked off just last week at the Eleventh Circuit Court of Appeals, where Coin Center took a stand against the Treasury’s 2022 blacklistin’ of Tornado Cash—a privacy contraption built on Ethereum, mind you. That little sanction slapped down by the Office of Foreign Assets Control (OFAC) basically told every Tom, Dick, and Harry in the U.S. to steer clear or face the music.
So in the last 24 hours, these whales pushed Uniswap transactions to a breezy 58.36 million UNI, which translates to around $431.07 million—give or take the price of a medium pizza, depending on network fees. If that sounds like a large number, that’s because it is. I personally haven’t moved that much of anything since I accidentally knocked over a display of greeting cards at CVS.
Imagine a world where digital currencies are the new chocolate coins in the BRICS treasure chest. Belarus, a loyal member of the BRICS bloc, dreams of a trading platform that uses national digital currencies, or as they’re known in the biz, central bank digital currencies (CBDCs), to grease the wheels of trade between the big five.
Yet the metrics of the chain, indifferent and unforgiving as the overseer in a penal colony, do not join in this march toward glory. Once, in the fabled days of November 2021, ETH kissed $4,891. Four years on, if anyone is still awake, the prospects seem as stale as state-issued rusks. Each “signal” for $5,000 is like a memo slipped under the gulag cell door: “Maybe later, comrade… maybe later.”
The short-term chart for $DOGE is looking mighty fine. The price has broken through the descending trendline, and the Stochastic RSI has crossed up, signaling some short-term upside price momentum. 🚀 Our first target for this move is $0.18. Get ready for some serious gains!
He emphasized that it is still too soon to implement these plans. The company is still in Phase 1 of its BTC strategy, and who knows, maybe they’re just biding their time, like a cat waiting for the perfect moment to pounce. 🐱
Now, examine the chart with the scrutiny of a historian analyzing the rise and fall of a once-proud dynasty. Since mid-June, XRP had been inching upward, forming what could only be described as a “rising wedge”—a symbol of ambition, of a relentless march forward, albeit squeezed between the unforgiving trendline support and the oppressive weight of moving averages above. The crowd, seeing this, clung to hope. A brief escape—an upward spike past $2.30 on rising volume—was greeted with joy. The masses rejoiced, momentarily forgetting the cruel paradox of financial markets. Perhaps, they thought, this was the breakthrough they had waited for.
According to state-run media outlet RIA Novosti, the registry has already been deployed in key regions with high mining activity and is intended to help authorities better monitor energy usage tied to mining operations. 💡
Here’s the game plan: Binance is putting CELO and its sidekicks (read: tokens you forgot you even bought) in a time-out at 17:00 UTC on July 9, which hopefully gives you enough time to finish nervously Googling, “What happens during a blockchain upgrade?” The real party (and by party, I mean “hard fork,” which sounds intense and a little bit ‘80s) goes down an hour later, at 18:00 UTC. 🕑