qfx 
And yet, USDT’s market cap still has a hefty $168 billion basking in the spotlight-because size does matter, apparently. Meanwhile, Circle’s USDC is not slacking off with its $70.37 billion. Big coins, big dreams, and apparently even bigger numbers-just a little less control over the market than before.
Indeed, the nation clutches 6,274 BTC, a trove worth $678 million, a sum that might stir the hearts of even the most stoic economists. At this hour, one BTC trades at a mere $108,655.94, a figure that has dipped by 1.14%-a modest wobble, yet enough to rattle the nerves of those who dare to gamble on the whims of the market. 🤯
Is this the end of the BTC bull cycle? Or just a midlife crisis? A crypto analyst on X (formerly Twitter) has decided to throw a party and predict Bitcoin will hit $256k by 2025. Because nothing says “trust me” like a number that makes your calculator cry 💸.
Ah, Dogecoin [DOGE], the crypto world’s most charming underdog, has been languishing in the shadow of its more illustrious cousins. Why? Lack of institutional backing, of course! But fear not-now the tides shift, and the sharks are circling with pitchforks (and spreadsheets).
According to the ever-reliable Bitcoinist, one Mr. Anas Hamza and his merry band of plaintiffs marched into the US District Court for the Eastern District of Virginia brandishing accusations that Strategy Inc., together with its illustrious co-founder Michael J. Saylor, CEO Phong Le, and CFO Andrew Kang, were about as clear as mud when it came to the financial perils of shoveling bitcoin into their coffers. The chaps from Pomerantz LLP pegged their complaint on a stew of federal securities laws, Sections 10(b) and 20(a), with Rule 10b-5 thrown in to spice things up, alleging that our crypto champions played down the risks and cloaked the truth on profits, as one might hide one’s last cigar from a prying nosy parker. 🚬🤫
If approved (and let’s face it, approval feels like asking your ex for a second chance), the DOT fund will trade on Nasdaq under its own ticker-because why not confuse everyone further? Meanwhile, ADA will debut on NYSE Arca as GADA. Both are passive ETFs, meaning they’ll hold crypto directly in Coinbase custody while tracking indexes created by CoinDesk Indices. Passive investing? Sounds like my approach to cleaning the house. 🛌
Ah, Bitcoin-the digital gold that’s currently behaving more like digital soggy toast. Despite a few hopeful nibbles from buyers, the bears are firmly in charge, laughing maniacally as they push prices lower. The charts? A tragicomic masterpiece of lower highs and lower lows, like a staircase leading straight into a pit of despair. The daily chart shows a local peak near $124,500 (ah, the good old days) and a recent low of $107,400 (cue the violins). Red volume spikes scream “SELL!” while green volume whimpers in a corner. Support at $107,000 is hanging by a thread, and resistance at $114,000 might as well be guarded by dragons. Until a bullish candlestick appears waving a white flag, long positions are as risky as licking a frozen lamppost.
The trading volume just shot up by a “not insignificant” 30.36% to $9 billion, while the open interest crept up by a mere 3.03% to $7.99 billion. It’s like watching my dog trying to find the ball, but only finding it one out of ten times. Go figure.
But why, oh why, is this happening? Let’s dive into the madness!
Grok, in its characteristic candor, forecasts a path sprinkled with volatility for XRP, yet suggests the undercurrents still favor windfalls. It envisages the cryptocurrency oscillating from $3 to realms possibly surpassing $5.50. “The cosmos weaves a tapestry of opportunity for XRP, with threads of both triumph and pause dictated by the swings of the celestial market,” Grok muses thoughtfully.
