Now, I know what you’re thinkin’, “Stablecoins? Ain’t they just a bunch of hooey?” But no sirree, they’re gettin’ mighty popular in the cryptocurrency world, and financial institutions are scramblin’ to get in on the action 🏃♀️. Agora’s one of ’em, and with this $50 million windfall, they’re fixin’ to build a full-stack stablecoin platform that’s “purpose-built to support the next generation of digital finance applications.”
Lo! The Pi Coin hath surged forth from the hallowed ground of the $0.44 support zone, reclaiming the modest sum of $0.47 and even daring to engage with the fleeting $0.52 mark. Ah, but alas! The 30-day Simple Moving Average, perched at $0.53, now serves as a formidable barrier to further jubilations.
Against this backdrop, crypto analysts are already pivoting to altcoins, with some tokens overlapping among traders’ lists. It’s like a high school dance where everyone’s suddenly interested in the kid who’s been practicing their moves in the mirror.
Here’s what’s giving him that confidence.
The Tasmanian Police Cyber Investigations, a team of modern-day Sherlock Holmeses, discovered that the top 15 users of crypto ATMs in the state were all victims of scams. The total losses? A whopping 2.5 million Australian dollars ($1.6 million). It seems that over a third of that amount, around $592,000, was deposited into crypto ATMs. One can only imagine the scammers’ glee as they watched their ill-gotten gains pile up 🤑.
Litecoin price correlation to Bitcoin (BTC) | Source: IntoTheBlock
Out of that grand total, only $12.8 million were long positions. One might say that these poor souls didn’t read the room—clearly, the short squeeze was in full swing! Picture this: a hefty $7.8 million in shorts vaporized in less time than it takes to say, “Hodl!”
As the global economic landscape shifts like a sand dune in a desert storm, the divide between major powers is growing wider, and the dollar’s once-unchallenged dominance is starting to look more like a mirage. Economist Igbal Guliyev of MGIMO University, in a recent interview with Russian news agency Tass, warned on July 10 that a proposed 10% tariff on BRICS nations—courtesy of U.S. President Donald Trump—could spell the end of Washington’s economic leadership. 📈💥
On the fateful day of June 9th, our dear leader took to the digital pulpit of Truth Social to declare that the Federal Reserve’s interest rates were “at least 3 points too high.” Little did he know, his words would send shockwaves through the crypto market, causing Bitcoin to surge past the $112,000 mark and set a new all-time high.
Chart watchers, rejoice! XRP’s hanging out above all those fancy moving averages like they’re its fan club. It’s not just playing dress-up; it’s making a serious case for a ticket to the $2.50 party—and maybe even the $2.75 gala if it doesn’t trip on its own ambitions. And who wouldn’t want to hang out at a party where no one’s telling you to take it easy? 🎉
