The transaction, my dear, involved the sale of 175 million pre-funded warrants at a mere $1 each. Over 80 investors joined the fray, including the likes of Pantera, GSR, and FalconX. One can only imagine the champagne flowing at those board meetings! 🥂
Meanwhile, the Federal Reserve contemplates interest-rate cuts like a moody artist, while tariffs whisper sweet nothings into the ears of investors-hesitant to throw their hard-earned cash into new ventures. Risk remains a gamble, and the crypto rollercoaster keeps clanking up its tracks.
Gemini, that bastion of financial innovation, has unveiled its latest bauble: a credit card that showers its holders with XRP rewards, as if one needed another excuse to indulge in retail therapy. 💸 And lest we forget, it also supports Ripple’s stablecoin, RLUSD, a currency so steady it makes the British upper lip look like a jitterbug. 🧐
After a month of wild swings, BTC is now in neutral gear, humming along like a teakettle with delusions of grandeur. But this calm is a prelude to a storm. A breakout (or breakdown) is inevitable. Will it be a phoenix rising from the ashes of $112K, or a tumbleweed rolling back to $108K? Only time will tell. And perhaps a few cryptic tweets from anonymous sources. 🕵️♂️
Now, with this cheeky purchase, Strategy holds a jaw-dropping total of 636,505 BTC, worth a mind-boggling $69.69 billion. Yes, you read that correctly. Someone definitely knows how to throw a party in Bitcoinville! 🎉
And thus, Underdog, like a knight in shining armor, becomes the first sports gaming operator to venture into the wild and woolly prediction market space-a realm where the odds are set not by the whims of a bookmaker but by the capricious movements of the market itself. A place where every man and woman can feel the thrill of being a financial wizard and a sports sage all at once!
The daily chart of bitcoin tells a tale of hubris and humility, plummeting from $124,517 to $107,270 before birthing a green candle like a phoenix from the ashes. Yet, the volume spikes during its fall scream of sellers who still remember the scent of profit. Support clings to $107,000-$108,000 like a child to a security blanket, while resistance at $112,000-$114,000 stands as a fortress. Break it with volume, and the bulls might finally feel the wind beneath their wings-or perhaps just a gust of hot air. 🌪️
On the hallowed platform of X, Bitlord issued a warning as dire as a Victorian sermon, declaring that the current XRP price is as unseemly as a parlor trick. He lamented that the altcoin should be soaring, yet the “founders” (a term he uses with the reverence of a priest) are allegedly selling. “What sorcery is this?” he wails, as if the market itself were a rogue servant. 🤔
GBP/USD entered a consolidative mode, a dance of bull-bear tug-of-war, while bargain-buying remained in vogue, courtesy of the US Dollar’s broad-based retreat. 🧙♂️ The USD, that proud steed, found itself in a most humiliating gallop downward.
CryptoQuant analyst Darkfost released his analysis on Wednesday, noting that the price had adjusted for two weeks following its all-time high of $123,000, dropping about 12%. He says this movement is well within a normal range compared to historical data. “It’s like a squirrel losing its acorn stash-no big deal,” he quipped. 🐿️