For those of you living under a rock, Abacus was the big kahuna in the Bitcoin-driven darknet realm, racking up sales like it was going out of style. And poof! Just like that, they’re gone! We’re talking $6.3 million in monthly sales and over 70% market share! That’s more like “Gone Girl,” but with less Ben Affleck and more bad decisions! 🎬💰
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Fairshake, a US-based political action committee (PAC) backed by contributions from cryptocurrency companies including Coinbase and Ripple Labs, has reported holding a whopping $141 million in assets to be used to influence upcoming elections. 💰💸
In a post on the illustrious platform of TradingView, Scrambler has ventured a prediction that would make even the most skeptical of investors pause. He foresees a 285% rally for the Cardano price, a leap that would propel it to the lofty heights of $2.05. This potential move, he assures us, is not without precedent, as it mirrors ADA’s past rally from conditions strikingly similar to those of today. Should the market sentiment continue to improve, and the price of Bitcoin hold above key levels, the altcoin might just find itself dancing to the tune of history once more.
The great and powerful Bitcoin (BTC), that behemoth of the cryptocurrency world, had stumbled, its price plummeting to the depths of $116k, a far cry from its lofty peak of $123k 📉. And yet, TRX, that plucky underdog, shed a mere 1% of its value, a trifling loss compared to the carnage that surrounded it. Solana (SOL) and XRP (XRP), those erstwhile darlings of the market, had fared far worse, their prices dipping by more than 3% as they desperately clung to their gains 🤯.
And what of the project’s coffers, you ask? Why, they are nearly brimming with the sum of $819,711, a mere stone’s throw from the $820,000 mark. A veritable treasure trove, if I do say so myself! 🗝️
All key indicators are pointing towards continued weakness in the coin’s price action, making it vulnerable to further losses. 📉
But wait, there’s more! Clients can now choose from multiple custodial options, including the in-house solution of Standard Chartered and the affiliated provider Zodia Custody. It’s like having a buffet of choices, but instead of food, it’s where you want to keep your digital treasures. 🍽️💎
The minds behind CoinDesk’s mere scribble of a model have noted a 9% rise in open interest, a clear proclamation of succulent conviction among market players yearning for the meme-token’s ascendant narrative.
This guidance, while not introducing new rules, reinforces the necessity for banks to utilize existing risk management frameworks and compliance protocols when handling digital assets on behalf of their customers. 🤓
