XRPC, the new sheriff in town, wrangled $26 million in trading volume within the first 30 minutes of its launch, according to senior Bloomberg ETF analyst Eric Balchunas. His partner in crime, James Seyffart, chimed in with a grin:
According to CoinDesk Research (which is always so cheerful during a market crash), Solana had a pretty spectacular Wednesday. It plunged 5.24%, hitting $145.43, wiping out all the gains from the previous week like they never happened. And just to make sure no one missed it, trading volume skyrocketed 13.23% over the weekly average. Oh joy, nothing says “crash” like institutional selling taking the wheel.
Midweek drama! Bitcoin and ether ETFs went full soap opera villain this week, bleeding $462 million after Tuesday’s “hope you bought the dip” hype. But guess who’s strutting through the chaos like a peacock in a dumpster fire? Solana. 🦚✨
The fund, as per Thursday’s announcement, is tailored to comply with the GENIUS Act (a name so bold it makes one wonder if the legislators were imbibing something stronger than tea). It shall not invest directly in stablecoins, a decision we find most prudent, lest the very notion of stability be upended by the whims of digital alchemists.
Now that you’ve had some time to assess Bitget, how does the exchange approach marketing to potential users, especially those new to crypto?
The Fusaka Upgrade, that most crucial of updates, looms on the horizon, a beacon of hope for the beleaguered Ethereum network. Set to launch in December, this update promises to enhance scalability, elevate staking efficiency, and slash transaction costs, as if the gods of blockchain themselves had descended to grant Ethereum a second chance. 🧙♂️
What comes next? 🧠📉
But fear not, my crypto-curious comrades! Analysts are here to save the day, insisting this sideways shuffle is just Bitcoin’s version of a Pilates class – structural adjustment, not a full-blown meltdown. Apparently, we’re all just waiting for a catalyst that’s fashionably late. 🕶️
HBAR retreated 3.5% from $0.1817 to $0.1754 during Wednesday’s session, breaking key support despite institutional flows reaching $68 million through ETF channels. What’s the deal with that? 🤷♂️
The chart is practically whispering ominous secrets, suggesting a deeper dive unless a single level… well, holds. Which, let’s be honest, it probably won’t. 🐢
