Some speak of AI as a golden goose, others as a ghost in the machine. The truth, as always, lies in the grime of implementation. Profit margins? A fragile currency. But for those who bet on the architects of this new order, the dividends may yet rise like smoke from a factory chimney-thick, persistent, inescapable.
They call it a lifeline, but it smells more like bait. Intel was supposed to get $8.87 billion in CHIPS Act grants without giving up a slice of itself. That money was meant to flow like whiskey at a wake, no strings attached, just for building fabs on American soil. But now? The government’s taken equity instead, like a loan shark swapping cash for collateral. Shareholders didn’t sign up for this dilution, and it leaves a bitter taste in the mouth.
This whole sell-off drama happened right when Bitcoin did the Kraken dance from above $120,000 to about $108,600. The selling began on August 18, with the whale sending Bitcoin to some place called Hyperliquid instead of the typical stablecoin parking lot, and from there, converted it into Ethereum. So, instead of just selling, they’re bouncing between cryptocurrencies like it’s musical chairs. Kids these days, huh?
Stablecoins – those magical digital tokens that promise stability in a world where stability is a joke. And in Venezuela, they’re now the toast of the town, as the Bolivar keeps playing hopscotch to the bottom. Local reports suggest that stablecoin adoption in Venezuela is accelerating, driven by a devaluation process that could rival the most apocalyptic movie plotlines.
Oh, how fleeting is the joy of the market! Following the Pi Network Linux Node update, a moment of respite seemed to dawn upon our hero, as the Pi token soared to the heavens, reaching the lofty sum of $0.40. Yet, in the face of such heights, the coin met with a formidable foe: the sellers, whose numbers were great and whose resolve was unyielding.
Crypto oracle @Manofbitcoin upon the mysterious realm of X whispers reverence for the $110,985 support. Should the price so audaciously vault above $112,000, the bullish chorus will undoubtedly swell. Conversely, a tumble below $110,000 might provoke a malaise of corrections, the analyst laments – rather like Napoleon losing a battle to a particularly stubborn hedge.
tokenization, which is, of course, the newest shiny object on the market, and it could shake things up by changing how we access and participate in capital markets. Because why not disrupt everything? 🤖💥
But don’t go sellin’ your mule just yet! Ol’ Benjamin says ETH’ll gather its britches after that little stumble and start climbin’ the hill again like a coonhound after a possum.
Meanwhile, the TRX crypto, that wobbly tightrope walker, is teetering anew as the World Liberty Financial (WLFI) token prances into the spotlight. On the fateful Monday, Sept. 1, TRX was spotted at $0.3364, a tad glummer by 1.8% from its previous pirouette. Coincidence? Or is it the mischief of Sun’s deepening tango with Trump’s crypto caper?
On the 1-hour chart, XRP has a clear case of “lower high-itis,” consistently closing below the $2.80 mark. A brief spike into the $2.84 to $2.85 range was quickly squashed, proving that the bears are in charge. If the price drops below $2.70, it might just be the beginning of a downward spiral. 📉