These two industry heavyweights are challenging the entire crypto universe to take a good, hard look in the mirror. You know, the kind of self-reflection that usually leads to a midlife crisis or a new haircut.
As an analyst, I’ve been tracking the cryptocurrency market’s rebound, and it’s encouraging to see major tokens moving back into positive territory. Bitcoin has broken through $70,000 again, and Ethereum is now trading above $2,100. This recovery is especially notable after the significant drops we saw last week, where both Bitcoin and other cryptocurrencies experienced double-digit percentage declines.
He accused Hyperliquid’s founders of performing a grand escape, relocating abroad like grandmothers avoiding village gossip, to dodge the ever‑watchful eyes of regulators. He suggested the platform was a smuggler’s haven, a place for illicit trickery, though the police badge hasn’t yet appeared in the feed.
Price-wise, this pup’s recovery has been faster than a hound chasing a squirrel. It’s clawed its way back to $0.0000062, wagging its tail at the bears and showing signs of demand that would make a carnival barker blush. Meanwhile, the crypto market remains in a state of “extreme fear,” which is just another Tuesday for this circus. The timing of this wallet shuffle? Oh, it’s as suspicious as a cat at a canary convention, suggesting someone’s tinkering with SHIB’s local order book.
But, lo and behold, as we dive into the murky waters of coin-specific catalysts, we find none! Indeed, the network’s recent performance could be described as lackluster at best. A report from AMBCrypto, that beacon of crypto journalism, has even suggested that our beloved Layer 1 network may hold a high market cap while attracting a dismal number of active users. Ah, the irony!
The economist and gold advocate Peter Schiff took to X this week with a string of posts that read like a sneaky lecture at a financial TED Talk, criticizing Bitcoin’s price antics, the current market froth, and corporate exposure tied to the crypto asset, all while reiterating his belief that Bitcoin is more of a speculative glitter than a bedrock of value.
The Ethereum Name Service, that rumor in the corridors about a perfect address, has canceled its Namechain Layer 2 rollup. The gas on the main thoroughfare-the Ethereum mainnet-has fallen so far that a separate balcony seems unnecessary, and the crowd yawns with relief as if a bill finally disappeared from the ledger.
36-year-old Renat Abramov, a dual citizen of the U.S. and Azerbaijan, apparently found that being a “relationship manager” meant he could open accounts for shell companies faster than you can say “know-your-customer.” Spoiler: He didn’t actually know anyone. Just forged documents, fake checks, and a serious case of moral bankruptcy.
Bitcoin, meanwhile, managed a 5.66% ascent, and the total crypto market cap crept 5.33% higher-a parade of numbers marching in lockstep, while the crowd pretends not to watch the feet.