qfx Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for ETH itself. Or, you know, it could just be a bunch of bots arguing over fractions of a cent. Either way, it’s so 2021.
The XRP Ledger, once a mere ledger, now draws the eyes of many, as its RealFi project may, nay, shall, tokenize the global real estate market, which is worth more than a king’s ransom. The anticipation grows, and the market dances with hope, as ETFs loom like specters on the horizon. 🧙♂️✨
Ethereum ETFs are bleeding faster than a broken fountain pen-$364 million in three days. Ouch. 📉
Now, the price is doing a rather sad jig at around $175, which, let me tell you, is a 6.4% drop in a single day! It feels as if it’s on a slippery slide that has seen a rather dismal week-long correction, croaking nearly 12% off its once proud value. But wait, hold those horses! Even with the likes of Bitwise, Grayscale, and 21Shares strutting around with over $500 million in their pockets, prices still refuse to play nice.
And, as if that wasn’t enough to make your crypto-loving heart skip a beat, Ripple took to X (formerly Twitter) to share that this new service will allow clients to indulge in over-the-counter (OTC) spot transactions across a dazzling array of digital assets and stablecoins. That includes the ever-popular $XRP and, let’s not forget, the newly beloved $RLUSD. Because why wouldn’t you want to trade those over-the-counter, like some financial connoisseur enjoying a fine bottle of vintage wine?
Despite $38M in long positions getting wiped out like a napkin at a spaghetti convention, buyers are holding the line at $170. Bullish? Or just stubborn? 🤔
In a turn of events that no one saw coming (except, probably, anyone with a basic understanding of markets), Bitcoin’s price is heading south, dragging short-term investors with it. The Realized Profit/Loss (RPL) ratio for short-term holders has taken a nosedive, and it’s not pretty. Picture a financial car crash, except in slow motion, and with more spreadsheets.
Donut Labs is cooking up an “AI quant inside a browser”-because who needs bankers when your computer can double as your trading genius? 💻💰
The mighty XRP has taken quite the tumble, dropping by 4.53% just since yesterday-clearly, it’s not having its best week. Don’t you just love the unpredictability of it all?
This windfall, allegedly, stems from WLFI tokens, the TRUMP coin, and the USD1 stablecoin-a trifecta of financial absurdity. 💰🎪
