Crypto news

Tether [USDT] has kicked off a serious minting run. In less than a week, the company rolled out two $1 billion tranches. That’s $2 billion in fresh USDT supply hitting the market. The first batch hit on the 15th of August, right as Bitcoin [BTC] tagged a new ATH at $124k. Meanwhile, the second mint followed on the 20th of August, aligning with BTC’s retrace to $112k. Is there a signal in the timing, maybe a hint the market isn’t done cooling off yet? 😅

Yesterday, we dared to report on a curious device called the ‘TD Sequential’ – a name that sounds suspiciously like a sneeze – which suggested a buying opportunity. It, apparently, ‘nailed’ XRP’s recent high. As if predicting the unpredictable is a matter of simply hammering a nail! Such confidence!

In a most astonishing turn of events, OKB has experienced a remarkable ascent of over 51% within the span of a mere 24 hours, reaching a dazzling new pinnacle of $195 earlier today. Though it now trades at a slightly less impressive $194.07, the indicators suggest a robust bullish presence, raising the tantalizing prospect of retesting and perhaps even surpassing this newfound height. How thrilling! 🎉

Teng’s little chat on X (or as mere mortals call it, Twitter) sparked more reaction than a cat in a cucumber patch. This wasn’t just any post; it followed Binance’s native token, BNB, reaching not one, but two shiny new all-time highs-in quick succession. Because when the market goes high, it really… soars.

With the gravitas of a surgeon announcing a minor scrape, he pointed to two sacred thresholds: the 111-day moving average near $109,600 (a number as mystical as a pentagram) and the “realized price” for short-term holders at $106,800-because, apparently, Bitcoin traders now have their own “realized” existential crises. Together, these form a demand-heavy sanctuary between $107,000 and $110,000, where, Adler mused, the price might either find salvation or collapse like a drunkard on icy pavement.

What to know, ye financial adventurers: XRP, that slippery rascal, rebounded 6% to $2.93 after a day of trading so wild, it’d make a Mississippi riverboat gambler blush. 🌊🎲 Seems the blockchain got a security downgrade, and the market reacted like a cat in a room full of rocking chairs. 🐱💺 Traders are eyeballing $2.99 … Read more

First off, the 180-day call-put skew on Deribit-the largest crypto options exchange, don’t you know-is looking more glum than a butler on a Monday morning. As of this scribble, it’s sitting at a negative 0.42, the lowest since June 2023. Amberdata says so, and they’re not ones to fib. A negative skew? That’s traders betting on put options like they’re going out of fashion. 🕶️💼

In the grand tradition of cleaning up after a mess, the FSA has decided it’s time to do something about those ongoing insurance scandals. Leaks, improper transfers, and “oops” moments from partner banks-what a delightful mix. 🧐 The agency is reimagining the way it handles all this, hoping to regain the trust of the public and show it’s serious about fixing things. Out with the old, in with the new (or at least with a name change!).

Behold, the White House-ever the patron saint of *confusion*-has decreed that machines from China shall henceforth wear a 57.6% tariff like a gilded crown, while those from Indonesia, Malaysia, and Thailand must settle for a mere 21.6%. Such arbitrary numbers! One imagines they were plucked from a roulette wheel at a particularly rowdy casino night. 🎲

Ark Invest, that bastion of financial acumen, has reduced its holdings in the ARKB (ARK 21Shares Bitcoin ETF) by a staggering 559.85 BTC, or some sixty-four million pounds, as reported by the ever-watchful Whale Insider. The crypto sphere, ever prone to dramatics, has responded with a mélange of sentiments-some attributing it to mere rebalancing, while others have taken to questioning and even ridiculing the decision. 😏