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 EMA—an 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.
Assuming the original image remains where it was
Right now, XRP is clutching on to a support zone between $2.10 and $2.15 like it’s holding onto the last bottle of water in a desert. This temporary stability is like that moment when you think you’ve hit rock bottom, but the ground cracks beneath you. Still, a little break in the chaos never hurt anyone, right? But here’s the kicker—unless XRP manages to break some resistance levels, it’s still got that “downward spiral” vibe going on.
The poor coin started a fresh decline, dropping below $105,650, even daring to dip under $105,200, testing that treacherous $104,200 zone. A lowly dip to $104,279 was achieved—probably to see if anyone still cares. Now it’s lounging, consolidating losses as if it’s saying, “Well, I’m here, might as well stay.”
They sold off around 34 million shares — enough to make any banker’s eyebrows shoot sky-high — totaling a valuation of $1.1 billion. Bloomberg says the whole deal raised a whopping $6.2 billion; guess they’ve been countin’ their chickens before they hatch! 🐣
And guess what? This CAKE announcement comes fresh on the heels of regulatory drama clearing up at Binance in the US. Yep, after a prolonged court drama featuring lots of legal jargon, the SEC decided to play nice—well, at least for now. So, everybody’s feeling a little more confident that crypto’s not heading to the slammer anytime soon.
One might wonder if this is a step toward global dominance or merely a grand dance of desperation, but Robinhood insists it’s serious. They aim to spread their wings beyond Uncle Sam’s borders into Europe, the UK, and Asia—because apparently, the United States wasn’t enough to quench their insatiable appetite for digital riches. Their ambition? To turn themselves into a giant in institutional crypto, armed with offerings like staking, lending, and crypto-as-a-service—surely the stuff of industry legends, or at least, a good story to tell at their next board meeting.
The illustrious company listed on the Nasdaq (KWM) announced, with much flourish, that they have entered into an arrangement with Bitcoin Strategic Reserve KWM LLC. The proceeds, which I dare say could buy half of Pemberley, are to be employed in supporting their most peculiar obsession: a treasury revolving around Bitcoin. Such an endeavour would make even a wealthy heiress blush—with the aim of expanding their Korean media and K-pop affairs. Imagine that—music and cryptocurrency, the new duet of modern frivolity! 🎵💻
First—ADP private payrolls. Last month, only 37,000 new jobs appeared, a pathetic number compared to the expected 115,000—and a step down from April’s already dismal 60,000. It’s the softest ADP report since March 2023, proving that even the economy is suffering from the Monday blues.
Saraiva, with the seriousness of a man at his own funeral, described the Beige Book as “pretty similar” to every report ever penned by the Fed this year—like a bad sequel that refuses to die. Slight drops in activity and a labor market that stubbornly refuses to tumble into chaos—what a surprise! The economy keeps limping along, more like a weary traveler in a Gogolian novel than a roaring tiger. 🐅