Crypto news

While analysts are concerned about Ethereum price lagging, the accumulation phase is anything but quiet.

The price experienced a double-digit increase, adding further momentum for the meme coin’s latest bullish rally. It was as if the penguin had finally found its wings, and the wind beneath them was the SEC’s nod of approval. 💨

The ETH/BTC pair reflects this lovely little rotation with a delightful 20% surge, made even juicier by Bit Digital’s decision to swap a whopping 280 BTC for ETH. So much for Bitcoin’s superiority, right? The investor conviction seems to be flipping the script.

As reported by the ever-watchful chroniclers at Santiment—a village oracle for the financially obsessed—the great XRP aggregate continues. At present, precisely 2,742 wallets nurture a hoard of at least a million XRP each, nearly matching a past glory of 2,743. One can only imagine the owner of the one missing wallet, perhaps lost in existential crisis or chasing after Satoshi’s mirage.

His media company, Truth Social, has filed with the U.S. SEC to launch a Blue Chip Crypto ETF, a move that’s either genius or a total Hail Mary. 🙏

According to the Repetition Fractal Cycle metric, the price action is still playing out a pattern that has accurately predicted tops and bottoms since 2012, nearly to the day. This same fractal flagged the 2017 euphoria peak and even the 2020 COVID-19 crash bottom. Naturally, if this symmetry continues, there’s room for another push before a broader reversal.

Bloomberg reports that he bought them on his advisor’s recommendation and has no other role in the company. The news comes after a $6 million private stock deal led by Dominari Securities, where Trump Jr. and his brother Eric are advisors to the parent company.

As we find ourselves in the midst of this most thrilling tale, we must take note of the dollar-denominated price of Shiba Inu, which has hit a one-month high, a feat that can only be described as remarkable. And yet, dear reader, the outlook against Dogecoin, that most formidable of rivals, appears less than promising, a fact that must surely give pause to even the most ardent of SHIB enthusiasts 🐕.

00 and July 10 02:00.

“Many people think it will reach $1 to $2 trillion in a handful of years,” Garlinghouse mused on CNBC’s “Squawk Box,” his eyes perhaps glinting with the promise of untold riches. The growth, he assured us, has been “profound,” and Ripple, having joined the market late, is now leveraging stablecoins in its payment flows for institutional customers. 🏦