As traders hold their breath and cross their fingers, the options market is playing a game of chicken with the technical indicators. It’s like a game of Twister, but with money and fewer stretchy limbs.
Observe the weekly chart for $ETH! A grim spectacle unfolds. The price, it teeters on the very edge, perhaps at a point from which there is no return. A sturdy horizontal support, like a crumbling wall, coincides with the once-proud ascending trendline of the bull market. Should the price shatter below these two, like glass under a hammer 🔨, a cascade of panic selling could well spell the end of the bull market’s illusions for $ETH.
But wait, there’s more! Dunamu is dishing out a whopping 300 billion won ($204.5 million) in dividends. That’s not just a distribution of retained earnings; it’s a full-blown money parade. 🎊 Operating profits? Up 85.1% year-over-year, hitting 1.18 trillion won ($809 million). Net profits? A cool 983.8 billion won ($671 million), up 22.2%. If this were a movie, it’d be called “The Wolf of Upbit Street.” 🐺
Revised Target Amid Market Volatility
Solana has been trying to reach the $150 mark like a cat trying to catch a laser pointer. It almost made it to $147 a few hours ago, but then it remembered it’s Solana and promptly fell back. In the last 24 hours, it’s down 5%, now trading at $130.70 with a market cap of $67.15B. Not exactly the stuff of legends.
According to a little birdie (or was it a report?) in the Khaleej Times, the Central Bank’s head honcho, Khaled Mohamed Balama, is all in on this blockchain bonanza. Apparently, it’s not just about showing off fancy tech; it’s about tightening the financial ship and giving crime a run for its money. And guess what? Retail therapy lovers can expect to get their hands on these shiny new digital dirhams by late2025. 🛍️
It appears that the Shibarium Updates account on the X social media network has managed to pique the interest of the SHIB community, with a post that mentions Ryoshi, the enigmatic Shiba Inu founder who has been hiding in the shadows since May 2022.
The crypto market, a fickle creature, is currently shrouded in fear. The stench of the traditional market’s misfortunes, like Thursday’s minuscule S&P 500 dip and the Nasdaq’s baby step downwards, has wafted over to the crypto realm. Bitcoin, ever the drama queen, has fallen 2.5% as of Friday, and the once proud uptrend now lies in tatters on the short-trend time frame.
This epistle, while silent on the names of those prosecuted for their Bitcoin mixing crafts, is a clarion call against the precedent set by the DOJ’s interpretation. A victory for crypto, yet not the final word, for what law may ensnare Tornado Cash today may tomorrow trap other digital alchemists in its net.
As the French say, “l’audace, l’audace, toujours l’audace!” – or, in other words, “audacity, audacity, always audacity!” But is this bold initiative just a cry for help from a nation struggling to keep up with the likes of the US? 🤷♂️
