With withdrawals hitting a 6-year low (that’s right, six years!), Ethereum might just do that thing it loves-break your heart by dropping below $4,000. Only if people suddenly decide to buy more because right now, enthusiasm seems… lost in the mail.
The company, publicly listed and thus not entirely free from the cold wind of speculation, disclosed the move on September 29 as part of a plan to stitch together the old world of traditional finance with the unruly beauty of decentralized finance. The message traveled through the company’s social channels, as if the oracle were no longer a chamber but a tweet away, and with each post the room grew a touch more dramatic.
This move, ostensibly to “align incentives” between early adopters and new holders, seems less about altruism and more about preventing a free-for-all where eager participants might treat the airdrop like a golden ticket to early retirement. “We’ll decide things and announce it,” Leonard vowed, though one suspects the only thing being decided is whether to let the community hold its breath long enough to forget the plot holes. 💬
“A wallet older than TikTok’s entire existence has dared to move 400.08 $BTC ($44.29M)-a sum once considered a king’s ransom, now pocket change for a crypto vampire. 🧛🏻♂️💸”
“The coins were mined when ‘blockchain’ was still a buzzword whispered at obscure tech conferences, not a religion.”
The derivatives market, that two-faced jester, now winks at bearishness while options squabble like quarreling spouses. Exchange-traded funds weep, their outflows dripping like a broken faucet. For ETH ETFs, this fifth-day exodus rivals a royal scandal since Sept. 8!
Surprise, surprise: the presale’s already close to $19M. Apparently, people *do* want speed with their crypto drama.
Ah, the winds of change-how quickly they turn! Samson Mow, the founder of Jan3, is predicting that the slow, tortuous climb of Bitcoin adoption by nation-states is coming to an end. And no, it’s not going to be a graceful ascent. According to Mow, Bitcoin’s dance with governments is about to enter the “sudden” phase. Hold on to your hats, folks, it’s about to get fast and furious.
Futures volume, a tempest in a teacup, rose by 19% to $1.82 billion, while open interest, a timid shadow, crept up by a mere 1%. This discord, a symphony of contradictions, suggests traders are fleeting lovers, opening and closing positions with the impulsiveness of a summer breeze. Long-term commitments? A rarity, like a snowflake in July. Short-term flings, it seems, are the order of the day.
The culprit? Retail traders, those valiant (or foolish) knights of the market, who saw a dip and cried, “Behold, a treasure!” According to the oracle CryptoQuant, they now reign supreme, their Long/Short ratio a mere 1.03-a whisper of bullish hope amidst the chaos. 🕵️♂️
The update, due in October, has set the town whispering about how the network should handle data that isn’t coins but still wants to ride the same rails. A new release candidate, v30.0rc2, has shown its face, a hulking child of code and caffeine, following after v29.0. The notes march in progress, and the crowd eyes them like rain clouds on the horizon. The talk is loud, like a tavern full of men arguing over a map that keeps changing its rivers.
