Its strategy, once a “flywheel” of brilliance, now creaks like an old carousel. Issue equity when the sun shines, raise money, buy Bitcoin-a dance as old as the market itself. But when the stock plummeted, the music stopped. Warrants, once alluring, now gather dust. The funding channel, once a river, is now a trickle. Without this equity-based lifeblood, its BTC acquisition strategy hangs by a thread. 🕸️
On-chain researcher Axel Adler Jr. had a bit of a revelation on Tuesday: the Bitcoin Bull-Bear Structure Index has been marooned in negative territory since November 11. Of course, this indicates relentless selling pressure, as if we didn’t already know that. But wait, there’s more! A short-term reversal appears to be in motion. The metric, once languishing at a ghastly -43%, has improved to a rather more tolerable -20%. Could this be the first sign of the bear’s long-awaited retreat? Dare we hope?
The FSA, in a move as bold as a sumo wrestler in a ballet tutu, is plotting to force crypto exchanges to hoard liability reserves. Why? To protect the poor souls who’ve poured their life savings into digital coins, only to watch them vanish like a magician’s rabbit. 🐰✨ Nikkei Asia whispers that this grand scheme will hit Parliament in 2026-better late than never, eh? ⏳
Over the past few weeks, we’ve seen the grand parade-new ETFs marching from Amplify, Bitwise, Canary, Rex-Osprey, Franklin Templeton, and Grayscale! Many predicted at least a flirt with $3. Instead, XRP decided to do a little dip, as if saying, “Not today, folks!” Meanwhile, the entire crypto circus corrected sharply, and even Bitcoin, that stubborn beast, slid towards $80k, perhaps tired of all the fireworks. 🎆🤡
Well, I’ll be jiggered! Crypto’s 2025 is ending on a note as unexpected as Aunt Agatha’s sudden interest in jazz. 🎷
The origin of this prophecy is a two-week tableau, a veritable canvas painted with the curious geometry Ali Martinez describes as a “right-angled ascending triangle.” Picture it as a top line softly climbing upward while the foundation stubbornly refuses to budge. Should that base hold, the tokens could quite unexpectedly leap into territories heretofore reserved for drunken fantasy or the realm of reckless optimism.
In a missive shared upon the platform X, Martinez reveals that the monthly MACD for Bitcoin has turned its face away from the light. This indicator, a twin-lined sentinel of market sentiment, has crossed its paths in a manner most ominous. The MACD line, once a beacon of bullish fervor, now languishes beneath its signal line counterpart, a clear sign of bearish dominion. 📉
Remember that time he tweeted about Metamask like it was a personal vendetta? Well, that was just the appetizer. Now, he’s serving up a main course of hubris, claiming he’s not just a developer but a revolutionary, a man who’s “rebuilt Wall Street” on a blockchain. 🏦✨ Yes, you heard that right. Wall Street. On a blockchain. Because nothing says financial revolution like a network that moves slower than a tortoise in quicksand. 🐢
Crypto’s nutcracker – Bitcoin – danced moderately at $88,590, inching up 1.6%, while Ethereum, ever the stubborn partner, leaped 2.1% to $2,942. XRP, like a high diving athlete, soared 8% to land at $2.24. Meanwhile, Solana sprang 4.5% to reach $138. Sui, Ethena, and Kaspa were particularly mischievous, flashing double-digit gains as they chased the spotlight! 🌟
So, Franklin Templeton launched its XRP exchange-traded fund, the Franklin XRP Trust, on NYSE Arca on Monday, giving U.S. investors a regulated way to dabble in the XRP token. It’s like they finally realized the crypto party was happening without them and decided to show up fashionably late. Better late than never, I suppose. 🕺
