Then there’s Midnight (NIGHT), suddenly the “new Cardano.” Cue the eye rolls, because every new coin is the “new Cardano” until it inevitably isn’t. But hey, it jumped 40%! Which, let’s be real, means absolutely nothing except that someone, somewhere, made a lot of money and someone else is now frantically Googling “what is a Midnight?” 🤷♀️
Since that tragicomic zenith, PENGU has been trapped in a descending channel, like a disoriented bird in a snowstorm, beneath the scornful gaze of the 20, 50, 100, and 200 EMAs. At press time, it huddled near $0.0092, a number so pitiful it might as well be written in invisible ink. Three days below a “key technical zone”? How quaint. 🥶
Now, Japan’s bond market has been the financial world’s trusty old rocking chair, but when that chair starts to wobble, you’d best hold onto your hat. Macro analyst NoLimit, a fella who’s seen more market swings than a barn door in a tornado, is sounding the alarm louder than a rooster at dawn. He’s hollering about a shift that could send shockwaves through global risk assets, crypto included. 🤠
Kulechov, in a voice dripping with confidence, explained that Aave V4 is poised to introduce a revolutionary redesign of the lending protocol. The goal? To tackle liquidity fragmentation faster than a fastidious housekeeper tackles dust bunnies-a necessity for significantly expanding capacity. 🏠🧹
Enter BlackRock, the titan of finance, depositing a princely sum of 36,579 ETH (a mere $108.4 million, pocket change for such a colossus) into Coinbase. 🏦✨ Meanwhile, Arthur Hayes, the BitMEX maestro, sends 680 ETH to Binance, a move as subtle as a trumpet in a library. “Selling, perchance?” the crowd murmurs, with the drama of a Shakespearean soliloquy.
According to coinglass.com, Bitcoin (BTC) futures open interest (OI) is chilling at $58.19 billion, which is like 659,690 BTC in outstanding contracts. Sure, it’s still high by historical standards, but it’s slipped a smidge in the last 24 hours. Traders are basically Marie Kondo-ing their portfolios: “Does this leverage spark joy?” No? Buh-bye. 🧹✨
Japan’s rate hike hit risk assets like a sudden storm on a summer picnic, but XRP, that wily coyote of the crypto world, showed more backbone than a barrel of whiskey. TradingView’s subhikarkar55, a man who reads liquidity zones like a farmer reads the clouds, noted XRP’s quick recovery: “XRP’s got more bounce than a rubber check,” he quipped, though he warned that volatility could still send it skidding to $1.8577 before the bulls take the reins again. 🐂
The report, published by Rest of the World and penned by the estimable Hazel Gandhi and Rina Chandran, maps nearly 9,000 operational data centers across 21 countries, comparing their locations with average annual temperatures as if arranging a marriage between logic and folly.
In Brazil, it’s not the big-time traders betting wildly on volatile tokens; no, it’s the prudent younger crowd, often resorting to stablecoins and tokenized bonds as their trusty shields against the financial dragons of volatility.