And lo and behold, the price shot up faster than a rocket on a caffeine binge, rocketing from a modest under-$10 to a jaw-dropping $80 within mere hours. With that, its fully diluted valuation swelled to a near $75 billion. An absolute triumph, one might say—if you had the audacity to invest at the top, that is. 😜
Ah, but wait! If your grandmother’s pickled herring predicts the future with the same accuracy as ADA’s historical patterns, perhaps something altogether familiar is at play here. Once more, it seems, Cardano enacts the age-old drama—first a sigh, then a slump, and perhaps, at last, a springy leap upward to amuse and confuse the populace.
With Bitcoin and several altcoins trading sideways or posting modest losses, here are three U.S.-listed crypto stocks to watch, each with its own peculiar charm and a dash of pre-market movement that might just be the spark of a new adventure.
But what does this new ETF offer, and how might it change the game?
The deal comes with a hefty $297.7 million in SPAC trust capital and a whopping $750 million in PIPE commitments from the who’s who of the crypto world. It’s like a crypto prom, but with more money and less awkward dancing. 💃🕺
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.”