According to the wise sages at Swissblock, this sudden surge in Ethereum seems to be fueled by capital fleeing from Bitcoin as traders start to cash in their chips. You see, historically, Bitcoin’s bullish waves this year have lasted anywhere from two to four weeks, and with the current rally stretching into its twelfth day, it’s starting to look like the tide might be turning. 🌊
EigenCloud, or EigenLayer, or whatever they’re calling it these days (EIGEN), is up 15% in the past 24 hours. That’s like me getting 15% more complaints from my wife in a day 😂. Trading volume is more than double, and it’s now hanging out around $1.45. This rally is like a party, and everyone’s invited… to the ascending channel that’s been going on since early July on the 4-hour chart 📈.
The latest SEC dossier reveals that Sir Thiel has acquired a staggering 9.1% of BMNR. Yes, that’s the stock trading under the rather delightful name of Bitmine Immersion Technologies, helmed by none other than the venerable Tom Lee—no relation to any automobile, I assume!
In a recent missive to the crypto community, Draper, with a flourish of his digital quill, penned a message that while Bitcoin remains a transformative force—its global recognition, transparency, and security are undeniable—clinging to it like a shipwrecked sailor to a plank of wood is to miss the broader horizon. Draper envisions a world where the true value lies in the vast and varied landscape of blockchain applications, far beyond the confines of BTC. 🌍
Just the other day, while nibbling on a delightful slice of success, Aave (AAVE) was prancing about at the princely price of $329 – a rather snazzy 6% jump in a measly 24 hours and a whopping 18% over the last month! Isn’t that just dandy? But hold your horses, for it’s still 50% shy of its glamorous high of $661 from 2021, which has probably long since turned gray with age. 🐴💨
But don’t worry, folks! The security teams are on it, racing to track down the stolen funds like a bunch of digital detectives. 🔍
The man finds himself deep in dialogues with Adam Back, a workhorse CEO of Blockstream, as they tiptoe through late-stage negotiations, trying not to step on each other’s toes more than necessary. The whole affair is buttressed by Cantor Equity Partners 1, a SPAC that, let’s be honest, sounds more like a futuristic spaceship than a financial maneuver.
Picture this: one Deputy Rodriguez, a sprightly 43, and his accomplice, the youthful Adam Iza, a spry 24, concocting a plan as shady as a palm tree in the moonlight. Rodriguez rather cleverly secured one of those oh-so-fancy court-authorized search warrants in July 2022, all while spinning a yarn about a robbery probe. Bada bing, bada boom—law enforcement, or law-enforcement-adjacent activities, if you will! 📜
They have a go-to-market delusion. 🤦♂️
Bitcoin price started a fresh increase after it cleared the $118,500 resistance zone, like a teenager finally outgrowing their awkward phase. BTC gained pace, moving above the $120,000 and $122,000 resistance levels, and the bulls even managed to pump the pair above the $123,000 zone. A new all-time high was formed at $123,140, and now, like a roller coaster, the price is correcting gains. It’s like Bitcoin is saying, “I’m just taking a breather, folks, no need to panic.”