Bitcoin, much like a playwright whose work gets endlessly butchered in rehearsals, bangs its head against the $115,000 ceiling time and again. The crowd waits, breath held, but alas-no miracle encore. The momentum wanes, the spirits fade, and a dreaded retreat towards the familiar $100,000 looms, that infamous psychological abyss where hopeful whispers turn into sighs.
a fancy 5-step checklist for letting your crypto through the gates.
So here’s the scoop: Dogecoin [DOGE] has made headlines after a mind-boggling 119,306,143 DOGE, worth a jaw-dropping $34.8 million, was transferred from OKEX to some mysterious wallet on September 14th.
Oh, the crypto market! A place where numbers dance, wallets weep, and memes become million-dollar ideas. This week was no different. Bitcoin [BTC] stood tall at $115k, acting all mature, while Ethereum [ETH] tiptoed toward $4.7k like a kid sneaking cookies. 🍪 But the real star? Solana [SOL], bouncing back like a rubber chicken at a comedy show. 🪿
Fortunately, Shiba’s developers didn’t just stand there sipping tea. They paused certain functions and locked the remaining funds in a multisig hardware wallet, doing their best to contain the disaster. But no one’s kidding themselves-this is yet another glaring reminder of the ever-present risk that looms over cross-chain bridges in the DeFi world. Welcome to the jungle!
Alright, let’s break this down: A reorg happens when a competing branch with more proof-of-work (PoW) sneaks up and overtakes the current one, sending “orphaned” blocks packing. And when you’re dealing with ~2-minute blocks, 18 of them is no mere paper cut-it’s a full-blown chain-surgery to recent finality. 😬
After a spirited gallop starting from the somewhat less glamorous $113,000 stable, Bitcoin tried to launch itself upward in an ascending triangle maneuver-because triangles are inherently more exciting than squares in financial charts, apparently. This little stunt set $116,500 to $117,000 as the big boss level to conquer. Now it’s arrived at the gates but is currently debating whether to pull out its metaphorical sword or just practice its victory pose a bit longer.
According to the geniuses at Bitget, Jelly Labs, WeFi, and ZIGChain, Trump’s shenanigans are like something out of a comedy sketch-except it’s real, and it’s messing with the US dollar. 🤑 While gold’s been the go-to for shaky times, Bitcoin’s now stepping in like the cool kid at the party, saying, “Move over, shiny rock, it’s my turn!” 💻✨
Lookonchain (yes, the Sherlock Holmes of blockchain) spotted a freshly minted wallet hoarding 1.52 trillion PEPE tokens-that’s almost $16 million, darling. 😱 X user bike4sai called it an “institutional-scale flex,” and honestly, who doesn’t love a good flex? 💪 But is this the start of something magical, or just a very expensive prank? 🤡
On the 13th of September, the Shibarium bridge, that most delicate of digital threads, was severed by a flash loan attack, as if a mischievous sprite had slipped through the cracks of cryptographic armor. 🧠⚡
