Lo and behold! On the great day of Thursday, the markets witnessed the triumphant arrival of two ETFs, nobly tied to the payment dandy XRP and the merry rogue, Dogecoin! They burst upon the American stage with volumes that would make even a miser surrender his purse.
This week’s scroll of Bitcoin options contracts is adorned with a put/call ratio of 1.2, narrating a tale of more short souls departing the stage than those holding their weighted tickets to the future. The air is thick with bearish whispers, much like the morning fog in Saint Petersburg. Now, gaze down upon the grand tapestry of open interest (OI), an intricate weave valued at $140,000, soaring to $2.7 billion on heroic strokes on Deribit. A sumptuous $2.2 billion OI resides at $120,000, while the $95,000 strike price enjoys the notoriety of a darling amongst short sellers, intoxicated by its $2 billion in OI.
Behold, the Nasdaq-listed sports club owner, now rechristened Solmate, has set its sights on fostering Solana adoption. With $300 million in hand, it aims to buy and stake the SOL token, as if wealth were a mere game of musical chairs. 🎭
It was proclaimed with much fanfare-KRW1, the stablecoin child of BDACS and Woori, now roams the Avalanche ecosystem, each token chained faithfully, 1:1, to the Won locked away like some precious captive gold held by Woori’s escrow vaults. Imagine! A coin that promises stability in this mad swirling storm of cryptocurrencies, where fortunes evaporate faster than a gambler’s hope in a Petersburg tavern.
Moneygram, the company that’s basically the PayPal of “I’ll send you money when I feel like it,” is now launching a new app that lets you send stablecoins like USDC. Because nothing says “trust me, I’m a global remittance platform” like a self-custody wallet that’s probably more secure than your ex’s password. 🔐
Vivopower International Plc (a name most grand, if I may say so) has declared a partnership with Confirmo, a purveyor of stablecoin payments. Their purpose? To introduce these blockchain-based payrolls and – *mon Dieu!* – vendor payments! They explain, with much earnestness:
On X, that modern-day tavern of the digital age, Glassnode has spilled the beans on the latest shenanigans in the Open Interest game. It’s like a poker match, but with more decimals and fewer cigars. 🃏📉
On the 4-hour battleground chart, WLD confronts a gargantuan sell wall at $2.3-a veritable Great Wall of China for hopeful speculators-with proud defiance. Beneath, the token finds solace and steady accumulation in the dusty trenches of $1.40 to $1.45, where the masses gather like survivors of some forgotten revolution.
But don’t worry, folks! Bitcoin Hyper ($HYPER) is on a heroic quest to fix these issues. And guess what? It’s raised almost $17M in presale. Not bad for a little ‘fixer-upper’ project, huh?
Analysts report a rather impressive 70% chance that our dear friend Bitcoin will frolic to fresh highs in just a fortnight. 🎉
