In the past 24 hours, SOL rose a cheeky 7%, nudging its price slightly above the $200 mark. Cue the confetti and champagne (or maybe just some sparkling water if you’re into responsible celebrations 🍾). This adds to its already impressive bullish momentum over the past few weeks.
At the very heart of this melodrama lies the claim that the Foundation’s most significant efforts are as invisible to the end user as a well-mannered ghost at a soirée. “The Cardano Foundation plays a critical ongoing role in maintaining key components, much like a polite butler ensuring the silverware shines for the dignitaries,” the post rather grandly declares.
But fret not dear reader, for a flicker of optimism glimmers among a cadre of analysts! They claim this consolidation is but a brief intermission before the next spectacular act-perhaps it is merely a catnap before a furious leap into positions unseen! Yes indeed, they argue that if XRP can linger near $3, it may just fancy itself a mighty upward journey into realms unknown. Would that not be splendid? Or perhaps laughable? 😂
The CME Group, which I imagine is run by a very serious man named Glenn who has never once laughed at a knock-knock joke, announced that their entire crypto… portfolio?.. bundle?.. menagerie?.. had surpassed thirty billion dollars. A sum so large it’s impossible to visualize unless you picture it as the number of times I’ve checked my own meager bank account this year. The real star of this deeply boring show was XRP, which apparently sprinted to the billion-dollar mark with the frantic, desperate speed of a man who just realized he left his child at a Buc-ee’s.
No one would say the amount, of course. Money talks, but it whispers its own name. Though the sources, those familiar ghosts, they told Reuters it reached into the double-digit millions. A significant step, they said. A step toward the big, fat American market, lush and green and ready for the plucking.
According to Bloomberg’s crystal ball, Goldman Sachs is not just a pretty face – it’s got $721 million worth of ETH, adding more than 160,000 ETH to its collection. Jane Street and Millennium are sneaking in with $190 million and $187 million like the cool kids at the party. Other heavy hitters? Capula, DE Shaw, HBK-basically the Avengers of Ethereum staking.
And guess what? The market cap is a jaw-dropping $557.37 billion! That’s right, billion with a B! 💰 But wait, folks, there’s more-$34.39 billion in trading volume over the last 24 hours! I mean, who knew coins could be so popular? They should host their own pep rally! 📣
Bitcoin (BTC), that elusive phoenix of the digital age, may be poised for another grand leap, according to the soothsayers at Bitwise Asset Management. Over the next decade, they proclaim, BTC will outshine every major asset, with a compound annual growth rate of 28.3%. In a 24-page manifesto, Bitwise reveals its sacred thesis: institutional demand, limited supply, and the creeping dread of fiat money debasement. How Dostoevskian! 🖋️
Imagine, dear audience: for thirty-six days, the coin has lounged about, consolidating as lazily as a Marquis awaiting inheritance. Now, whispers flutter about the salon: “SOL is ready!” The word “breakout” is murmured with the same excitement as rumors of a royal affair.
This allocation, to be dispensed over the next year, may well represent one of the largest endorsements of Numerai’s peculiar approach-a blend of machine learning, crowdsourced trading models, and blockchain technology. Imagine, if you will, a grand assembly where data scientists and quants stand in for debutantes, each vying for attention with their predictive prowess. The hedge fund suffered a setback in 2023, losing 17%, but rebounded dramatically in 2024 with returns exceeding 25%. One can almost hear the collective sigh of relief from investors who had been holding their breath like anxious chaperones at said assembly.