But hold onto your hats, folks, Ethereum wasn’t far behind on this rollercoaster ride. It too saw a hefty $262 million stroll out the door, and let me tell you, it’s the eighth day in a row that the redemptions have been coming thick and fast. Ethereum’s got the kind of luck you’d expect from a bad poker hand-except this hand keeps losing for eight straight days. 👀
U.S. Ethereum Spot ETFs have seen $1.022 billion in outflows over the last seven trading sessions. Someone forgot to bring their towel. 🛁
She’s looking at charts – charts! – and says there’s a “demand zone” between forty and forty-seven thousand. A demand zone? Is that where they keep all the desperate buyers? And get this, she’s still “optimistic” about the long term. Oh, now she’s optimistic. After predicting a 50% drop. It’ll go to a hundred and fifty thousand, she says, in 2027. 2027?! I’ll be… well, I’ll be older. That’s for sure.
Now, MoonPay, they’re the ones who handle the money flowin’ in and out of this crypto world, apparently. And Zengo, well, they’re the keepers of your digital gold… or what folks think is digital gold. This partnership, announced just recently, is aimed at makin’ things simpler, quicker, and accessin’ more ways to pay. Why, it’s enough to make a body dizzy! 😵💫
The XRP market opened with more drama than a Brooks comedy, as the cryptocurrency plummeted over 7% on the same day Bitwise Asset Management launched its shiny new spot XRP ETF on the New York Stock Exchange (NYSE). Talk about a plot twist! 🎭
SEI has practically cornered the market on blockchain adoption like a wolf in crypto clothing. Over 81.5 million users pause at the doorstep of that magical 100 million mark-stay tuned, it’s going to be blockchain-etique.🎩
On a quiet Tuesday, likely over a glass of slightly overpriced mineral water, Ray Dalio-billionaire, philosopher-king of hedge funds, and occasional prophet of doom-wrote a note. Not a letter. Not a tweet. A note. Titled “The Big Dangers of Big Bubbles with Big Wealth Gaps,” because nothing says urgency like alliteration and moral panic. 📝🔥 In it, he revealed what every peasant with a coin jar already suspects: the rich are rich because the poor are poor, and money today is less real than a unicorn’s credit score. 🦄💳
BlackRock, the financial colossus that could make even a humble crocodile accountant blush, dove into the Bitcoin pool not for a fleeting dip, but with the gusto of a truffle-hound on the scent of wisdom. To the average piggy bank’s player, $62 million might seem no more than a pinch, but when the house is cooked by a bear of BlackRock’s size, it sets the whole casino abuzz.
This dramatic sale follows ETHZilla’s daring $40 million ETH dump last October. Evidently, these digital asset treasure chests are feeling more like sinking ships. It’s as if companies are desperately trying to pretend their crypto assets are worth more than they actually are, all while juggling stocks that are trading far below what their underlying assets suggest. What could possibly go wrong? 🤔