The lesser creditors, with their quaint “convenience claims,” have already been tossed a few coins. But the main event starts on May 30, as announced by the bankruptcy bard, Andrew Dietderich, to the presiding judge in this comedy of Chapter 11 errors. The headliners of this show are the high-rolling investors and institutions that had the misfortune of entrusting their digital gold to FTX’s vaults.
All sorts of fancy indicators, like RSI, BBTrend, and EMA alignment (whatever those are!), are pointing skyward, suggesting this CRO might just have wings. It’s even become the top-performing altcoin in the last 24 hours! The big question now is whether this rally has enough oomph to carry CRO all the way to $0.20. Crikey!
So here’s the scoop. A TradingView analyst, TehThomas (yes, that’s his name—who knew analysts could have cool monikers?), is convinced that XRP is currently chilling inside an Ascending Channel. That’s chart-speak for “It’s going up, people!” In the short 4-hour timeframe, XRP has been obediently bouncing between higher highs and higher lows, which is essentially the crypto equivalent of a happy puppy jumping on a trampoline.
Large holders, those plump, moneyed whales, have been offloading their AAVE like a drunken sailor unloading his pockets. Approximately 4,500 AAVE, a sum worth a paltry $830,000 (a mere pittance, really!), was flung into the market. One might expect a total collapse, a market meltdown of epic proportions! But hold your horses! 🐎
In a day of most unexpected felicity, the T3 Financial Crimes Unit (FCU), a society of Tether, Tron, and TRM Labs, did declare their triumph in the freezing of nearly nine million pounds, which were most improperly linked to the infamous Bybit hack! Mr. Paolo Ardoino, the esteemed CEO of Tether, did with such fortitude … Read more
Mark my words, ladies and gents, Bitcoin done tripped, fell, and landed smack dab at $83,544 on Friday. Blame it on them newfangled financial sorcery tricks—or good ol’ fashioned meddling—from them Trump tariffs targeting Big Pharma. Add a pinch of inflation anxiety (30 years in the makin’!) and voilà, chaos is served. 🍲
While the market has been doing the cha-cha between highs and lows, BNB and BTC’s ability to sidestep the worst of the chaos signals a rather interesting rift in the performance of the top five crypto-assets. 📉💃
According to the crystal ball gazers at Khaleej Times, the CBUAE plans to pop this new currency out of its proverbial rabbit hat in the last quarter of the year—just in time for Black Friday shopping, or whatever shopping day is trendy then. But who’s counting? It’s just another shiny thing to add to the digital clutter of our lives.
Conceived by the ingenious Representative Jordan Pace, this Strategic Digital Assets Reserve Act (H4256) would empower the South Carolina State Treasurer to allocate a sum of up to 10% of state-held funds into the vast expanse of Bitcoin, capping at a mere 1 million BTC. And, of course, because thriftiness is a virtue, these funds would be sourced from existing reserves – the General Fund and the Budget Stabilization Reserve Fund, because who doesn’t love a good rainy day fund?
So here’s the scoop. According to the wise tea-leaf readers of the crypto world (a.k.a. technical analysts), ETH has waddled down to $1,820 for the second time this month. This isn’t exactly a glorious homecoming—it’s more of a “don’t trip over the rug” moment. If ETH can’t muster up the courage to hang out above $1,800, it might just slide all the way to $1,490. Who knew numbers could be so sad? 😢