Cryptonews

$2,900, the “please don’t fall further” zone.

The exchange’s research department, which probably eats spreadsheets for breakfast, insists the market has flushed out leverage like a wizard scrubbing gnomes. “Fundamentals remain intact,” they claim, while the rest of us are still trying to find the “fundamentals” section in the dictionary. Meanwhile, institutional players are sneaky as a cat burglar, rotating back in like they’ve got a private elevator to the crypto vault. 🕵️♂️

Ever since Ethereum’s fabled Merge update in 2022, the network has been graced with a deflationary model that has steadily reduced the supply of Ether (ETH), thus making it more scarce, and we all know what scarcity means-more value and more confident investors!

After playing it cool for a hot minute, Bitmine is back in action like that one friend who ghosted you but then texted you at 2 AM with “what’s up?” (You know the one.) So what are they doing? Accumulating ETH like it’s going out of style. This master plan to buy, buy, buy is all about long-term conviction in Ethereum’s future. You heard that right-long-term. Apparently, they’re not scared of a little market chaos. Who needs stability when you can just grab more ETH, right?

Ah, the Financial Services Agency (FSA) of Japan, always the diligent housekeeper, has uncovered the usual mess in crypto lending. They’ve decided it’s high time to throw some order into this carnival of chaos by wrapping crypto lending under the Financial Instruments and Exchange Act. No more fun with loopholes, folks-time to close shop and tighten the bolts!

BeInCrypto has analysed three such altcoins that the investors should watch this weekend. Or, as I like to call them, “the financial equivalent of a rigged roulette wheel.”

According to the proclamations of participants and industry scribes, this consortium hath gathered seven mighty firms and foundations, each a patron of diverse blockchains and infrastructures. A veritable league of crypto knights! 🦸‍♂️

Sui’s Mysticeti v2 upgrade boosts blockchain performance, slashing latency by 35% and enabling 100,000 TPS for faster transactions. 🚀🧠

On-chain data reveals wallets with 100K-1M ADA are selling like it’s Black Friday at the crypto mall 🛍️🔥. Big investors? More like big quitters. They’re trading ADA for “safer” assets-read: whatever they’re buying on Amazon with their crypto losses 🛒.

What’s driving investors’ optimism about FIL’s future? Here are some notable points, served with a side of sarcasm 🥂.