It seems that as the interest in yuan-pegged digital assets grows like a wildfire in the hearts of the Chinese people, so too does the number of unscrupulous individuals seeking to exploit this trend for their own nefarious purposes.
What to know: Dogecoin jumps over 5% after Elon Musk launches a new political party, as if the world needed another one. Crypto bros rejoice. 🎉 Trading volume? Over 1.1 billion. Whale wallets are hoarding DOGE like it’s the last bagel at a Manhattan brunch, while the average joe takes the exit ramp. Musk shows … Read more
And now, for the pièce de résistance — the descending triangle. Oof. If you’ve been following Cardano, you’ve probably seen this triangle hanging around like the most predictable plotline. The poor altcoin found itself trapped inside a descending triangle (yawn), and it’s been trading within it for months. According to crypto analyst melikatrader94, this has basically meant a whole lot of suppressed price action, while the altcoin tried (and failed) to break free after the March rally. Basically, it was like a bad reality TV show that just kept dragging on. 🙄
As the great poet once said, “Pride comes before a fall.” And Qwatio’s fall has been nothing short of spectacular. 🎉
Bitget, a crypto trading platform so large it needs its own postcode, has tossed its hat in the prediction ring: Pi Coin could touch $1,000 by the year 2030. (That’s just three leaps, two forks, and one quantum-computed blockchain away for those keeping score.)
This gargantuan movement, first spotted by the eagle-eyed blockchain analysts at Arkham, has sparked a frenzy of speculation and debate across the market 🤔. The transfer, which involved multiple batches of 10,000 BTC each, was concluded within hours, leaving onlookers bewildered and wondering about the whale’s intentions 🤷♂️
In a new op-ed for Time, Jones suggests that while we can all clap and cheer for the wonders of technology, we should also have a good, hearty debate about the societal cost of these game-changing gadgets. It’s like getting a new toy, but then realizing it eats all your cookies and tells your mom you did it.
Never one to miss out on global spectacle, President Luiz Inácio Lula da Silva charmed the crowd at the New Development Bank’s soirée by floating a juicy proposition: a BRICS bloc trade currency! The aim? To puncture the dominance of old-school powers and their deeply touching habit of prescribing economic “austerity” to the less fortunate (how original!).
And so, xStocks trading activity went from boom to bust, with daily volumes plummeting by a whopping 93% 📉.
Economist and gold aficionado Peter Schiff, that most vocal of Cassandras, has taken to the digital soapbox to warn of an impending sharp selloff in the U.S. dollar, Treasuries, and stocks. This impending doom, he avers, shall be precipitated by a resurgence of trade tensions and inflationary risks, a toxic cocktail that shall set the markets aflutter like a murder of crows taking flight.