Crypto news

BeInCrypto sat down with some experts (because, why not?) to figure out why DePIN, crypto’s most useful kid, can’t get any love. Spoiler alert: it’s complicated. 🤷‍♂️

From North Korea’s “cyber ninjas” (read: hackers in hoodies) to Russian mobsters moonlighting as North Korean weapons dealers, the globe’s worst villains are ditching briefcases for Bitcoin. The Sinaloa cartel? They’re just here for the blockchain buffet. 🌮🔪

So, here’s the deal: crypto trader James Wynn is like, “Don’t buy Zcash. It’s a pump and dump by these influencers. You know, the ones who probably have a spreadsheet of who to sell to next.” 🤡💸

Now, a new wave of platforms is fighting back with an old economic principle: make people pay for attention. Because nothing says ‘serious business’ like charging for a message. 🧠

Behold, the data from TradingView-a modern oracle for those who’ve given up on actual oracles. DOGE lounges near $0.16, flirting with resistance levels like a Victorian debutante at her first ball. The indicators:

Pi Network’s (PI) price action has turned as technically significant as a wizard’s spellbook. The double bottom at $0.21 is holding firmer than a troll’s grip on a bridge toll. Supported by bullish volume, it’s clear there’s demand at these levels-or perhaps just a lot of hopeful miners crossing their fingers. 🧙♂️🤞 With the price reclaiming short-term resistance zones, traders are now perched like vultures, waiting to see if Pi can shift from “accumulation” to “celebration.” 🎉

According to the company’s Monday announcement, these contracts are designed to mimic perpetual futures, with daily cash adjustments that are obviously less tedious than rolling expiring positions. A marvel of modern finance, truly. 🕵️♂️

In an announcement today, Tom Lee’s BitMine Immersion Technologies, Inc. (BMNR) revealed that their crypto and cash holdings now total a jaw-dropping $11.8 billion. This includes 3.6 million ETH tokens, making it the largest ETH treasure chest on the planet. Yes, you heard that right – 3.6 million tokens. No, it’s not a typo.

Alas, BONK has retreated to $0.00001073, a decline of 2.1% in the latest 24-hour drama. Another attempt to reclaim higher ground has faltered, like a lover’s plea falling on deaf ears. 💔 The token lags behind its crypto brethren by 3.5 percentage points, a trend as persistent as a bored aristocrat’s sigh. According to CoinDesk Research’s technical analysis, even as major assets posted modest gains, BONK remains the wallflower at the ball.

Bitcoin, darling, has taken a 1.42% nosedive since yesterday. 💸💔 Is it a dip or a disaster? Only time (and the whales) will tell.