“I post what I see. I assume strong opinions always weakly held. I am wrong as often as I am right. If you are offended by my charts, then that is your problem
The chart of XRP is potentially very negative”
Gumi, backed by the ever-ambitious SBI Group, has chosen Ripple’s XRP as its shiny new crypto bauble. On Aug. 29, the company announced this acquisition with all the fanfare of a royal wedding, declaring its intention to accumulate more of the token over the coming months. One might wonder if they’ve also considered buying up Monopoly money while they’re at it. But no, this is serious business. Earlier this year, Gumi purchased 80,352 Bitcoin (BTC) for $6.7 million, which they’ve been staking on platforms like Babylon. Clearly, they’re building a portfolio as eclectic as a thrift store’s finest offerings. 🛒✨
Stellar’s “enterprise push” marches on, as if corporate wallets and partnerships with MoneyGram and Circle could save it from the abyss. But what is 5,000 new accounts daily but a desperate attempt to fill a leaky bucket? 🛠️
HTX (formerly known as Huobi, but let’s not dwell on the past), like a knight in shining armor, began accepting WLFI deposits on August 29, with trading set to commence on September 1. Not to be outdone, KuCoin confirmed the same timeline, while Kraken, ever the latecomer, promised support is on the horizon. This listing is a significant milestone, as the project gears up for a governance vote that will likely make more sense than most political decisions these days. 📊
For the optimists among us (you know who you are), this consolidation is not a sign of impending doom but rather a coy flirtation with destiny-a natural pause before the next crescendo. A push above the all-time high would be the standing ovation that confirms the encore. But alas, momentum remains as fickle as a debutante at a ball, dependent on whether buyers can reclaim lost ground and sustain pressure against resistance levels. Onchain signals, however, whisper sweet nothings about a broader cycle still building toward expansion. 🌟
First, there’s MAI-Voice-1, which the company lauds with all the enthusiasm of a literary critic at a poetry reading, as an “expressive system capable of generating natural speech.” It now graces Copilot Daily, Podcasts, and what might be termed the “Copilot Labs experience”-an ecosystem of tasks so broad it makes the Tower of Babel look like a well-organized filing cabinet. Naturally, it handles both one voice and a chorus-because, who doesn’t want a virtual choir?
Upon examining the S-1 registration-no doubt drafted with much quill-chewing and sighing-the ETF aspires to nothing less than reflecting SEI’s market value with steadfast accuracy. They propose reliance on an index titled the CF SEI-Dollar Reference Rate, devised by CF Benchmarks, who apparently enjoy tallying numbers more than anyone ought. This benchmark, sophisticated as a well-chosen bonnet, sweeps in data from diverse exchanges, ensuring a standard quite as rigid as Lady Catherine de Bourgh’s dinner etiquette. Daily pricing of fund shares is, naturally, promised.
According to CryptoQuant analyst Dan, the percentage of Bitcoin held for over a year – measured by realized market cap – provides a reliable framework for understanding long-term market phases. In earlier phases of past cycles (cycles 1 and 2), this metric showed rapid growth as accumulation drove sharp surges, culminating in cycle peaks. 🚀 But now? It’s more like a snail on a treadmill. 🐌
Ethereum: The Unsung Hero of Stablecoin Transfers