According to the ever-reliable oracle known as Yahoo Finance, the stock, which flutters under the ticker SRM, has reached dizzying heights following Mr. Sun’s announcement that his blockchain enterprise is poised to go public through a reverse merger with our dear Florida-based company. One can only imagine the confetti raining down in the boardroom!
The event, orchestrated by the venerable America250—an official body tasked with the solemn duty of commemorating this significant anniversary—was graced by sponsorships from a host of well-known enterprises, including the likes of Palantir, Lockheed Martin, Walmart, Coca-Cola, and Chrysler. Quite the gathering, one might say!
With a following of 153,800 on the platform X, our dear Dave insists that Bitcoin is destined to follow his logarithmic growth channel (LGC) curve, aiming for a staggering all-time high of $220,000. Yes, you heard it right! Just when you thought it was safe to go back in the water, here comes the big fish! 🐟
Now, Novogratz, with all the gravitas of a seasoned oracle, pointed out that gold, that old reliable shiny rock, is lounging comfortably at around $20 trillion, while Bitcoin is still a sprightly $2 trillion. Quite the disparity, wouldn’t you say? It’s like comparing a grand piano to a kazoo! 🎹
Earlier this month, both camps tried to settle up with a joint motion about Ripple’s fine. But Judge Analisa Torres saw through it and sent them scurrying back to rewrite their essay. Too many regulatory boo-boos, not enough groveling, apparently!
While we’re not quite in bull mode yet, ETH has shown remarkable fortitude as it wrestles with extreme drawdowns. This steadfastness has piqued the interest of both retail and institutional investors, who are probably just as confused as the rest of us.
Bitcoin, that elusive creature, soared above $108,000 in the U.S. morning light, only to slide back to $106,500 as profit-takers swooped in like vultures. But fear not! Buying activity later nudged prices back above $107,000 during the Asian morning hours on Tuesday.
BTC ETFs, those delightful little cushions, welcomed $1.4 billion in net inflows over the past week, proving their worth as price shock absorbers even amidst broader pullbacks. Who knew they could be so resilient?
DOGE’s candlesticks now sketch a staircase for rodents: those “higher-lows and higher-highs” beloved of technical tea-leaf readers. The $0.177 level was thrashed multiple times, as if DOGE were knocking on the gates of canine Valhalla. At one point, our hero even nibbled 18 cents before shying from a “head-and-shoulders” cliff—sellers pounced, no bones about it.
And what could possibly be driving this mass exodus? Oh, just the little matter of uncertainty surrounding the US Federal Reserve’s interest rate cuts—or rather, the lack thereof. James Butterfill, Head of Research at CoinShares, suspects this is the root of all evil, feeding investor jitters and sending them fleeing in panic. Ah, the sweet taste of economic instability.
If the notion of a blockchain making its debut amongst the aristocracy of investors seems odd, you are forgiven. Still, this may yet be the slyest stablecoin infrastructure play since a Tsar first heard of indoor plumbing. The new vessel, poised for public eyes, offers wanderers in the equity bazaars a chance to own the rails upon which 30% of all stablecoin processions wander, and where half of all USDT sleeps—according to the oracle known as DeFi Llama.