Ethena’s Wild Ride: Upbit Listing Sends Prices Soaring!

This surge has caused Ethena’s price to break above the upper trendline resistance of a descending triangle pattern that had been forming since mid-May. Typically, this pattern is as bearish as Bertie Wooster’s attempts at matchmaking, but in this case, it has resolved to the upside, much to the delight of investors. The breakout was accompanied by explosive volume, which is as convincing as Jeeves’ impeccable taste in waistcoats.

Stablecoin Sensation: Agora Raises $50M, Puts the ‘Fun’ in Funding!

According to a July 10 announcement, this windfall will help Agora expand its AUSD ecosystem and roll out a white-label product that lets companies launch their own stablecoins in, oh, let’s say, a few days. Because who has time to wait, right? The platform is already live across 13 blockchains, including Ethereum (ETH), Solana (SOL), and Arbitrum (ARB). It powers billions in cumulative stablecoin volume and serves over 50,000 monthly active addresses. That’s more than the population of some small towns! 🏙️

What Does the Ethereum Foundation’s $3.5 Million Sell-Off Really Mean? 😱💸

However, it would appear that amidst this fervent jubilation, a most perplexing signal has emerged, one that ignites both intrigue and a twinge of irony. It seems that a wallet, affiliated (if we may be so bold) with the Ethereum Foundation, has made the unprecedented decision to divest itself of 1210 ETH in exchange for a most considerable sum of 3.5 million USDC, at an average price of approximately $2890, all within the course of mere hours. One cannot help but smirk at such irony! 💁‍♀️