So, Trump pardons CZ, the crypto kingpin, and suddenly the US is the “cool kid” in the blockchain playground. 🏫✨ But here’s the kicker: Trump claimed he didn’t even know who CZ was a week ago. Now he’s his biggest fan? Sure, Jan. 🤔 Meanwhile, the White House is like, “Biden’s crypto war? Over. We’re the blockchain BFFs now.” 🫂
Yet, let us not forget the giants of this realm: Tether’s USDT, with its $183 billion, and Circle’s USDC, at $76 billion. Compared to these behemoths, RLUSD is but a flea on the back of a financial elephant. Still, its rapid ascent suggests that Ripple has somehow convinced the world to take this seriously. The circulating supply is split between Ethereum ($819 million) and the XRP Ledger ($203 million), as if the universe demanded such complexity. 🌌🤦♂️
The next support levels for Dogecoin are at $0.15 and $0.13, but traders should be prepared for a deeper correction if BTC loses the psychological $100k level. A descent into the abyss, where even the bravest bulls tremble. 🌌💸
Davis, bless his heart, pointed out a laundry list of reasons for this crypto calamity. Apparently, exchange-traded funds (ETFs) and those big fish investors known as whales have been selling like it’s Black Friday at a fire sale. Fear, he says, is reaching a fever pitch, and we’re entering the “capitulation phase”-which sounds like something out of a bad spy novel but is actually just investors throwing their hands up and saying, “Fine, take it all!” 🙌💥
This coin, once as invincible as a tank and twice as shiny, has now officially begun its waltz into correction territory, dropping more than 22% from its peak earlier this month. Honestly, it’s practically doing the limbo – how low can you go? The betting folks at Polymarket now fancy a 51% chance that Bitcoin might stumble further to $90,000 this year. Just a month ago, that was a mere 11%. The market’s mood swings are more dramatic than a Galsworthy heroine on a bad day. 🎭
Rising Open Interest? Check. Taker Buy dominance? Check. Buy-side strength pushing ZEC like a hot potato toward the $500 mark? Double-check! Let’s just hope this whale doesn’t need a lifeboat if things get rough. 🦈
And just when you thought he couldn’t get any more dramatic, Shytoshi Kusama surprises us all with an update that is nothing short of theatrical. His bio now reads like a manifesto: “Founder. Innovator. Visionary. Here to prove the liars wrong. Tune in.” Whoa, bold words, right? He’s here to fight the bad guys and prove all those who doubted him wrong. But wait-there’s more! His location? “Watching the Blue Kachina.” Yes, you heard that right. It sounds like a mysterious, otherworldly vacation spot-or perhaps a secret lair where world-changing ideas are born. But what does it mean? Is he summoning the aliens? Or just preparing for something huge? Oh, the suspense is unbearable! 😱
MoonPay, ever the generous host, declared on X that they would bestow upon the worthy $1,700 in SOL, with ten lucky winners selected by the whimsical hand of fate (or perhaps a rogue dice-rolling algorithm). One imagines the winners will be as jubilant as a toad in a waistcoat after discovering a £10 note in their umbrella stand.
IREN, that audacious titan of Bitcoin mining and data centers, now perches at $75.3-a 1,200% leap from its nadir! Its market cap, a staggering $19 billion, would make even the most jaded capitalist blush. But let us not forget: this is a company that once eked out a mere $7 million in AI colocation revenue. Progress, indeed! 🚀
The air grew heavy with the scent of treachery as whales, those leviathans of liquidity, began their ritualistic unloading, while treasury firms-cloaked in the garb of fiscal prudence-betrayed their own kind. Sequans Communications, a name once spoken with reverence, now stood exposed as a Judas, selling 970 units of BTC to redeem half its debt, reducing its hoard from 3,234 to a paltry 2,264. Ah, the poetry of financial penance!