The humble Shiba, blessed by ocean-spanning “whales” who have gathered their shoals, didst take the lead, showing stronger vigor! Alas, the noble PEPE, seeks favor amongst the masses, yet falters behind SHIB in vigor and zest! 🐾😉
“Naturally,” he purrs on X this Wednesday, “it needs a bit of a once-over, a smidge of understanding – not all areas of our financial empire can bow to the AI overlords just yet. But, why not use it as responsibly as one uses a fine umbrella?” 📈
It’s attempting to rally, ever so slightly, after establishing a base above $4,200 – much like Bitcoin, naturally. Following the herd, as always. It’s managed to overcome $4,265 and $4,320, which is… something. Progress, perhaps?
On Wednesday, the bank announced its grand re-entry into the crypto custody scene. 🚀 Apparently, the Biden-era guidance that once played the villain has been swept offstage, allowing financial institutions to strut their stuff once more. 💃
According to the oracles at CryptoQuant, Binance’s Ethereum open interest (OI) has clung stubbornly above $8.4 billion. That’s right-even as ETH took a nosedive below $4,400, these numbers stayed as calm as a yoga instructor during a toddler tantrum.
Last month’s 29.6% plunge wasn’t just a correction-it was a full-blown intervention. The AI infrastructure darling (or “darling” in air quotes) that once made moonshot investors feel like geniuses now feels like that guy who brags about his “systems” at the gym but can’t bench 135. Over 1,000% gain in five years? Cute. But the last year? Flatlined. Like a bad Botox job.
The day saw Immunovant unveil results from its proof-of-concept study, a clinical inquiry into the merits of batoclimab. This drug, still swaddled in the uncertainties of the trial process, seeks to tame the rampant chaos of Grave’s disease-an autoimmune disorder where the body, once a careful keeper of its balance, spirals into an unrestrained overproduction of thyroid hormone. Here, the body becomes a stranger to itself.
Chainlink, you see, is a decentralized oracle network-think of it as the Jeeves of the blockchain world, delivering tamper-proof data to smart contracts across various chains. The Commerce Department’s new venture, which includes GDP figures and the Personal Consumption Expenditures (PCE) gauge, is rather like a dinner party where everyone agrees to use the same menu, ensuring no one sneaks in their own. By pushing this data onto the blockchain, dApps can now reference a single, verifiable source, much like a well-dressed guest who knows precisely where the wine list is kept. In practical terms, this allows for automated loan covenants, payouts, and tokenized assets to update without the need for endless reconciliations. A dashedly clever bit of code, what? The involvement of other data networks only adds to the merriment, suggesting this is no mere parlor trick but a full-blown revolution in the making.
Despite the heavy rain clouds overhead, Sprinklr managed to squeeze out a tiny puddle of growth, earning $212 million in revenue for the quarter-a sprightly 8% increase compared to last year. The company’s subscription revenue was the lion’s share, coming in at nearly $189 million, with a 6% boost that managed to keep things from looking completely miserable.
The chatter heated up like a summer grill, as PEPE hung around the high-$0.000009s, waiting for the market to decide if this dance is a comeback jig or a slow fade into silence.
