The Philippine Securities and Exchange Commission (SEC) has raised the alarm louder than a fire alarm during a fireworks festival, targeting ten crypto troublemakers like OKX, Bybit, and Kraken. These rascals are running about without a license, trying to woo Filipino investors with their shiny websites, while the SEC yells, “Stop right there, criminal scum!”
Officials, with all the gravitas of a vicar warning against the evils of jazz, urge citizens to resist the allure of these digital trinkets. For what, pray tell, is the value of a few paltry tokens when compared to the sanctity of one’s biometric essence? The theft of such data, they solemnly intone, could lead to identity theft, espionage, or the dreaded specter of cybercrime-a fate more dire than a damp weekend in Brighton. 🕵️♂️
Why, you might ask, would one choose the younger, more volatile sibling over the tried-and-true Bitcoin? Lee, with the wisdom of a prophet and the cunning of a fox, pointed to Ethereum’s burgeoning institutional adoption, its unwavering technical reliability, and the meteoric rise of stablecoins within its ecosystem. In his eyes, Ethereum is not just a cryptocurrency; it’s the “biggest macro trade” since Bitcoin’s own triumphant march in 2017. 🌠
Joe Lubin-a name that resonates through the annals of Etherian lore-has bestowed upon this treasury an additional bounty of 83,561 ETH, acquired for the princely sum of $264.5 million. This transaction, my dear reader, occurred in that fleeting interval lying between July 28 and August 3, at an average price of $3,634. Hark! Imagine the clinking of the coins! 💰
In the midst of market turmoil, when it seems like every investor has tucked their tail between their legs, the More Crypto Online analyst steps forward like a lone knight in shining armor. Despite the gloomy vibes, they reaffirm their prediction that XRP will eventually reach that fabled $5. The bullish impulse, they say, is still there. Who knew? Apparently, the XRP journey isn’t over yet. Not by a long shot.
Meanwhile, the SEC’s new filing shines a spotlight on Wall Street’s newest obsession-Bitcoin. Despite the market tossing itself like a drunken sailor, our institutional titans keep piling in, even as Bitcoin takes a 10% breather from its dizzying high of $122,860 last month. Don’t worry, it’s just a short hiccup in the grand crypto ballet. 🎭📉
Much like its brethren, Bitcoin and Ethereum – those equally unpredictable commodities – XRP found the $3.10 mark rather too lofty for its present constitution. A short-lived peak was followed by a decline that travelled below the $3.00 level, a development hardly deserving of a sonnet. 🙄
At the moment of our observation, dear SHIB perched modestly at $0.000012-a gentle 1% gain over the past day, though it had retreated 7% over the week. The market’s pulse throbbed at an average daily volume of $197 million. 📈
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.