So Dunamu-the mastermind behind Upbit, which by the way is kind of like the Korean Coinbase if Coinbase wore more expensive shoes-rolls out their own Web3 brand, GIWA, at a big conference in Seoul. Because nothing says innovation like waiting for applause in a hotel ballroom. đ
In these curious times, when many clap merrily at the Trump Administrationâs exuberant dance with crypto and stablecoins, reckoning it a genuine attempt to birth a new financial dawn, others squint suspiciously, wondering if the show is more spectacle than substance.
Lors de cette Ă©poque troublĂ©e oĂč le MESDINGUE nous gouverne, le noble MOVE s’Ă©chelonne entre $0.1144 et $0.1262. Tel un acteur en pleine tragĂ©die comique, il a grimpĂ© de 6% sur sept jours, mais reste quand mĂȘme en deçà de 11% depuis le mois dernier, et ouvre un gouffre de 91% par rapport Ă son apogĂ©e de $1.45 en dĂ©cembre 2024. đŠ
The piĂšce de rĂ©sistance came last Friday when Representative David P. Joyce decided it was prime time to tell Treasury to figure out the âfeasibility, custody, legal authority, and cybersecurityâ of government-owned digital coins. And hey, letâs ask them to do it in 90 days-because thatâs plenty of time in the glacial pace of government projects.
An analyst, presumably with a PhD in “Why Did I Trust This Market?”, points out that XRP traders are closing positions. Open Interest, the metric that tells us how many people are still in the game, is now down. Itâs like watching a reality show where everyoneâs suddenly decided to quit. đ„
South Korea, once known for its K-pop and spicy kimchi, is now emerging as the worldâs playground for new technologies like blockchain and AI. This isnât just a coincidence; itâs the result of a perfect storm. Koreans, ever open to change, have embraced these innovations as if they were the new K-drama craze. But thatâs not all-throw in a state-of-the-art digital infrastructure and a government that isnât afraid to roll up its sleeves and regulate the chaos, and you have the ideal testbed for Web3âs future.
After a brief flirtation with the $200 support zone-during which Bitcoin and Ethereum were left looking like wallflowers at the dance-Solana sprang upward with the enthusiasm of a terrier chasing a postman. It cleared $205 with ease, then proceeded to smash through $212 as if it were a particularly flimsy paper door.
Hold your monocles, darling, because on September 8th, Eightco (NASDAQ: OCTO) unveiled plans for a rather generous $250 million Worldcoin treasury. Backed by none other than Bitmineâs $20 million investment and Tom Lee, the man himself, this announcement has certainly shaken things up. And, for good measure, Eightco also made Wall Street analyst Dan Ives their new chairman, because why not add a dash of Wall Street glamour to the mix? Naturally, Eightcoâs stock rocketed a rather dramatic 5,600% on the day of the announcement. Oh, how we love a good surprise!
One finds the crypto chaps rather on tenterhooks, awaiting Thursdayâs U.S. CPI figures. BTC, as I mentioned, is stubbornly refusing to budge above $111,600, and ETH is loitering around $4,298. The CD20, that rather important measure of digital assets, is up a perfectly respectable 1.6%, hovering above 4,000.
Despite the uncertainty and cautious sentiment thatâs as palpable as a wet dog in a small room, long-term holders and institutional flows continue to provide a foundation for Bitcoinâs price stability. While short-term corrections remain possible-because letâs face it, Bitcoin loves a good plot twist-the broader market remains optimistic that BTC is preparing for another leg higher. Or perhaps itâs just lacing up its boots for a marathon.đ
