Our hero, Deaton, kicked things off by pointing out that recent appellate court rulings have branded the SEC’s actions as “arbitrary and capricious.” I mean, who knew the SEC could be so… dramatic? It’s like they’re auditioning for a soap opera! 🎭 He even quoted a federal judge who called SEC attorneys “hypocrites” lacking “good faith.” Ouch! That’s like being told you have bad breath at a first date. 😬
In a shocking twist that surprised absolutely no one, Standard Chartered has downgraded Ethereum’s price target. They’ve gone from “to the moon” to “let’s just keep our feet on the ground” in record time. The chart below illustrates a bearish pennant pattern, which is just a fancy way of saying, “Hold onto your hats, folks!”
He sold 146.18 billion FML for 2.51 ETH, 7.17 billion VB for 1.57 ETH and 366.47 million AWESOME for 1.44 ETH. But the most interesting transaction was when he sold 180.88 billion SHIB tokens — worth an estimated $2.2 million if they were real Shiba Inu (SHIB) — for less than a single ETH. 😲
It is of particular note that the Bank of Korea seeks to ascertain the efficiency and practicality of a CBDC-based payment system through this Hangang program. The participating banks shall bestow upon the populace deposit tokens, which may be employed at a variety of retail establishments, including the ever-popular local supermarkets, the modern marvels of online shopping, and the ubiquitous convenience stores. One can hardly contain one’s excitement! 🛒
In a twist of fate, CZ has unveiled the latest marvel from the Binance workshop in China. It seems they’ve been busy cooking up something that might just change the game for CEXs and DEXs alike. Hold onto your wallets, folks! 💰
As of the latest news, Bitcoin has lost nearly 1% of its value, now trading at a modest $83,179. It seems to have settled into a comfortable routine, lounging around the $80K-$85K range like a cat on a sunny windowsill. 🐱☀️
Since the halcyon days of 2020, our dear Strategy has been on a Bitcoin buying spree, accumulating coins like a squirrel hoarding acorns for winter. However, the current price of Bitcoin, hovering around $83,000, has turned those once-glorious profits into a rather sad tale of woe. Recent disclosures reveal that some of their latest acquisitions were made at a staggering $97,000. Ouch! Talk about buying high and selling low! 📉
As the sun rises over the cryptocurrency landscape, a sense of foreboding settles over the Bitcoin market. Ki Young Ju, the esteemed founder and CEO of CryptoQuant, has emerged from the shadows to issue a dire warning: the bull cycle has come to an end, and the bears are ready to pounce.
Our dear friend Michelle Weekley, the Director of Product at Byte Federal (a fancy title for someone who probably knows how to fix a jammed ATM), casually dropped a bombshell on X: “I think the DoD is going to start mining Bitcoin.” And she didn’t just say it; she backed it up with four screenshots. Because nothing screams “trust me” like a screenshot, am I right? 📸
Since the SEC decided to play hardball back in December 2020, Ripple Labs has been like a piñata at a kid’s birthday party—everyone’s taking swings, and XRP is just hanging there, waiting for someone to break it open. Bill Morgan says, “The continuing uncertainty about the end or continuation of SEC v Ripple appeal will eventually increasingly exert a negative pressure on XRP price.” Wow, thanks for the insight, Bill! 🙄