Meanwhile, the SEC’s new filing shines a spotlight on Wall Street’s newest obsession-Bitcoin. Despite the market tossing itself like a drunken sailor, our institutional titans keep piling in, even as Bitcoin takes a 10% breather from its dizzying high of $122,860 last month. Don’t worry, it’s just a short hiccup in the grand crypto ballet. 🎭📉
Much like its brethren, Bitcoin and Ethereum – those equally unpredictable commodities – XRP found the $3.10 mark rather too lofty for its present constitution. A short-lived peak was followed by a decline that travelled below the $3.00 level, a development hardly deserving of a sonnet. 🙄
At the moment of our observation, dear SHIB perched modestly at $0.000012-a gentle 1% gain over the past day, though it had retreated 7% over the week. The market’s pulse throbbed at an average daily volume of $197 million. 📈
On the weekly chart, XRP is now confirming a “bearish divergence,” which is when the price forms higher highs but the Relative Strength Index (RSI) shows lower highs. This kind of setup is often seen as a sign of weakening momentum, and it last happened for XRP back in late 2020 and early 2021. At that time, the result was a drop in price that lasted nearly three months, with XRP falling over 60%. It’s like the universe decided to play a cruel joke on XRP holders. 😂
Bitcoin price found a tiny bit of support near the $112,000 zone and tried its best to start a recovery wave. It managed to climb above the $113,200 and $114,000 resistance levels, but let’s face it, it’s been a rocky ride.
Picture the scene: Sub-zero wifi, hostel bunk reeking of instant noodles, and your AI wallet croaks through frozen lips: “Comrade, shall I bridge your soul from Ethereum to Optimism, or first denounce defrost the cold wallet?”
Today, SharpLink is perhaps the most dashing publicly traded Ethereum (ETH) treasury establishment. In his debut confessional as co-CEO, Joseph Chalom waltzes us through the grand makeover – revealing why Ethereum, rather than some other shiny thing, caught their eye, and how they intend to flirt beyond just staking and collecting. Spoiler alert: They’re planning a whole ethereal dance card! 🎩✨
Lawmakers, feeling a sudden burst of inspiration from recent actions in Hong Kong and the United States, have given themselves a deadline of 2025 to establish clear regulations on stablecoins. President Lee Jae Myung’s team is particularly keen, pushing for rapid progress as if they’re in a race against time-or perhaps just against their own indecision. 🏃♂️💨
CryptoRank dropped the tea: in July, Base decided to throw a launch party and, surprise, it was lit. More than twice as many tokens popped up on Base than Solana-54k versus 25k in a single day! No big deal. The secret sauce? These new apps let people turn their posts into tradable tokens faster than you can say “NFT,” and then toss ’em into liquidity pools like salad. The result? From around 6,600 tokens a day at the start of July to a massive 45,000+ by the end-talk about growth spurt! 🍕📈
An Epic of Dodge and Weasel Words: