The news, like a clarion call, was announced to the world via a press release on Business Wire, on the ninth day of July. Portal, that ingenious provider of embedded stablecoin payment tools, shall become a wholly owned subsidiary of the Monad Foundation. This acquisition, akin to a master key, unlocks the doors to Portal’s payment rails and stablecoin settlement infrastructure, which, like a mighty river, powers millions of dollars in daily onchain volume.
Ether has closed above $2,700 for the first time in a month – a feat worthy of celebration 🎉.
Despite fears of market crashes, wars, and negative news, data from charts, on-chain activity, and macroeconomic trends have pointed to a continued uptrend. Many have been expecting this breakout for months, and Bitcoin’s next major target could be around $120,000. 🤑
According to the esteemed analyst Mr. Brownstone, Cardano has just logged its first-ever weekly golden cross, with the 50-week moving average climbing above the 200-week line. This is a momentous occasion, indeed!
Dogecoin price forecast | Source: TradingView
In a rather amusing tirade on the ever-irreverent platform X, the institutional DeFi solutions provider Sentora—previously known as the delightful IntoTheBlock—has regaled us with their latest findings from the infamous Correlation Matrix. One might wonder, what *is* this Matrix? Think of it as a matchmaking service for our beloved cryptocurrencies and traditional markets!
Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money.
And so, with a heavy heart and a generous severance package, Eigen Labs has made the difficult decision to part ways with a significant portion of its crew. This is not an uncommon tale in the crypto realm, where the winds of change can shift as quickly as the market itself. 🌪️
But don’t get too excited just yet! 😅 Resistance remains firm near $0.90, and technical indicators are only pointing to a period of reduced selling pressure. It’s like trying to hold water in your hands – it might look promising, but it can all slip away in an instant. 💧
Following the explosive rally in Strategy (formerly MicroStrategy) and Metaplanet stocks, and other public firms embracing crypto treasuries, a new billion-dollar player, ReserveOne, has made its own entry.
