Strategy, trading at $176.45, has plummeted by ~62% from its zenith this year. A tragic fall, no? This decline mirrors the woes of Bitcoin (BTC), which has tumbled from $126,300 in October to a mere $90,000 today. 🪨
By Shayan, the bard of bear markets
Imagine the scene: a soccer club desperately short on cash, but sitting on a treasure trove of media rights they’re too impatient to wait for. Enter Decentral on the Chiliz blockchain-because if you’re going to play hardball with your finances, might as well do it with a digital ball. They’re tokenizing future receipts, turning promises into trades, and giving clubs a fast lane to funding without the bank and its endless paperwork. Who needs banks when you have crypto, right?
Imagine, if you will, the scene: UNI shuffled nervously in its virtual shoes, trading in a narrow corridor of liquidity pressure-like a miserly cat refusing to chase a laser pointer. Despite all the fireworks from high-profile on-chain antics, our brave digital horse stayed calm, as if it had eaten a hearty breakfast of stoicism and slept on a bed of sarcasm. The price? Staying put, shrinking and contracting like my patience at a bureaucratic meeting. 🐱💼
It all started Saturday, when some mysterious new wallet decided to execute a six-hour TWAP (because nothing says ‘fun’ like calculating underwater drama over hours, apparently) to short 398 XYZ100 contracts-roughly $10 million-according to the omniscient Hypurrscan Holy Grail of data.
Bitcoin clings to $90k like a koala to Eucalyptus, while the Fear and Greed Index moonwalks into “I give up, take my crypto.” 🐰💸
As the clock ticked towards the moment of reckoning, Sei lingered at $0.1249 at the hour of disclosure, falling by 1.4% over a day’s spinning, remaining tethered to its $0.12 mooring as it awaited the supply that soon would be free. Over a week’s swirl, SEI danced within a range of $0.1241-$0.1477, resting 6.4% lower than its prior week’s high-flying adventures.
Instead of looking at specific cryptocurrencies, Hashdex focuses on the growing use of crypto technology – especially in areas like payments, financial markets, and systems that rely on data.
Itau Unibanco, the Brazilian banking giant with more customers than a Black Friday sale (nearly 100 million!), has finally decided Bitcoin isn’t just for nerds and criminals. 🧑💻✨
These cases, dropped like hot potatoes, were tied to political donations and business ties as tangled as a sailor’s knot. A symphony of loopholes, orchestrated by the Trump family’s crypto empire, where every note is a nickel and a prayer.