Nothing like a deadline looming, right? June 16, and these geniuses still haven’t refiled properly. Classic. It’s like trying to assemble Ikea furniture without the instructions ā chaos and confusion everywhere.
But, surprise! The celebration was as fleeting as a summer breeze. Despite this milestone, the price action was more dramatic than a Tolstoy novelāfull of hope, then despair.
Meanwhile, the court remains as silent as a church mouse on Keenerās prior pleaāprobably focussing on less scandalous pursuits, I dare say. The whole affair is about as clear as mud ā a theatrical farce in three acts, with gavel poundings and all! š
Now, you might wonder, āWhy is Ripple doing this? Is this really necessary?ā Well, buckle up, because hereās where it gets interesting.
This financial fireworks display comes amid a backdrop of economic chaos: rising national debt, reckless government spending, and inflation that makes your grocery bill resemble a small mortgage. Who knew we could be so optimistic? š¤
DOGE and XRP are now on Base
Base is for everyone (yes, even you with the questionable wifi)
In a string of posts since June 3, Musk didnāt hold back, dubbing the bill a āmassive, outrageous, pork-filledā monstrosity. He didn’t stop thereāheās practically accusing the lawmakers who signed off on it of committing treason against the public. Because, why settle for polite criticism when you can go full-on, nuclear meltdown? š„
They call it āUnclaimed Property Laws,ā but really, itās more like āIf you ignore your crypto long enough, we take it, and maybe youāll notice later.ā Itās like your ex showing up after years, taking the stuff you forgot you had. Only this time, itās money. Or digital money. Or whatever it is. Anyway, the bill passed the Assembly 78-0ācause why not? Everyone loves giving away free stuff… or taking it. š¤·āāļø
Recent reports from the wise scribes at CryptoQuant tell us these new whales arenāt just nibbling at the digital pieāthey’re gorging on it. Over the last three months alone, their collective hoard swelled from half a million to over a million BTC, worth a tidy $63 billion. Thatās right, billion with a b, folks. Itās enough Bitcoin to make even the most hardened miners spit out their coffee and wonder whatās next.
Now, behold! Pi trades at a modest $0.65, a modestly despairing figure, draped in red ink. Over seven days, it has plummeted 11%, a mere hiccup for a coin that once dreamed of the sky but now lingers below the 50 EMAāan ironic beacon in the shadows. The support at $0.6494 stands like a brave knight, guarding the hope of stabilization. But beware! Resistance lurks at $0.70 and $0.80, like distant mountains we aspire to conquer.
