According to the oracle of Coinglass, a staggering $2 billion in ETH long positions hang by a thread, ready to be swept away if Ethereum dares to dip to $4,200. The liquidation heatmap resembles a crowded theater, with a massive cluster of positions waiting for the final act. As the curtain rises on further declines, a wave of forced selling may ensue, even as traders scramble to exit stage left.
But here’s the juicy part: André Dragosch, the head honcho of European research at Bitwise, suggests that this little piece of legislation might be the magic key to unlocking billions of dollars, possibly driving Bitcoin’s price to a cool $200,000 by the end of 2025. And that, my friends, is just a start. 🌍💰
With Hines at the helm, one can only imagine the delightful chaos that will ensue as he attempts to untangle the spaghetti of regulations that seem to multiply like rabbits in spring. 🐇 His government and policy experience-oh, how it glimmers like a rare coin in the dim light of a crypto exchange-will surely bolster Tether’s ambitions to carve out a more pronounced niche in the American market.
In a plot twist worthy of a Mel Brooks movie, WazirX has now submitted its “Amended Scheme” to the court after receiving thunderous applause (well, 95.7% approval) from creditors on August 18. The company claims it’ll be ready to relaunch faster than you can say “blockchain”-just 10 business days after the court gives the green light. 🚦💸
In a session fit for the salons of Versailles, Cowenaddresseth an assembly of 922,000’d YouTube courtiers: “Should the Federal Reserve, ever capricious, slice yonder interest rates next month, behold! Not only your beloved stocks, but crypto too, shall taste the bittersweet pang of correction when bond yields ascend like the price of Parisian rent.”
The uptick in trading volume hints that Dogecoin holders might be quietly accumulating their digital fortunes, much like squirrels hoarding acorns before winter. Yet, DOGE’s price has been anything but stable, plummeting from a lofty $0.2269 to a humbler $0.2153 in the same period. Investors, now seized by the specter of uncertainty regarding potential U.S. rate cuts, have turned the meme coin’s market into a rollercoaster ride without seatbelts.
All this has caused a ripple, no, a tidal wave, in the digital sea, making API3 not merely a sparrow but a roaring eagle of the day’s gains on CoinGecko. And with that, the token has sprinted from the shadows into the limelight of trending coins – bravely exposing itself to market primitives, warts and all.
It seems Ethereum is making a gusty comeback, like a particularly confident elephant at a fruit stand.
As scams bloom like mold in a damp basement, Governor JB Pritzker, with the solemnity of a tsar signing decrees, has inked two bills-SB1797 and SB2319-the first of their kind in the Midwest. A bold statement: “We’re not your crypto casino, buddy.” 🃏
Behold! Saylor tweeted an image of himself-AI-generated, of course-looking like he just walked off the set of “Conan the Cryptobarian.” 🛡️ Armor? Check. Shield? Obviously. Caption? A soul-stirring two-word manifesto: “Bitcoin Forever.” It’s like he’s daring the crypto gods to test his resolve. Spoiler: They won’t. This man would HODL through a volcanic eruption.
