Cryptonews

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:

Though Coinbase, ever the coy ingénue, hath not confirmed a Bitcoin purchase, their filings whisper sweet nothings of “general purposes.” Acquisitions? Investments? Perchance a digital tryst with Bitcoin? The gossips wag their tongues, for Coinbase already sits atop a hoard of 11,700 BTC, valued at a cool $1.26 billion. A fortune fit for a farce! 🧐✨

With a track record of dealing in mammoth sums and a penchant for staying relevant, State Street has teamed up with the ever-hopeful Stablecoin Standard for a series of knowledge-sharing escapades. Kicking off with the annual bigwig event in London this October, naturally hosted at the illustrious Canary Wharf-because what could be more glamorous than crypto education with a side of fish and chips?

And what’s fueling this carnival? The technical charts, those beautiful, chaotic doodles of traders, show XRP forming a bullish fractal pattern – yes, patterns that look suspiciously like shapes you’d see in a cloud on a lazy Sunday, but with the power to send the price soaring. Think of it as the crypto equivalent of a rollercoaster, but with more math and less nausea.