BitMine’s stock BMNR went on a 20% ride to the moon, while the price of ETH jumped 5% to defend its dear $2.8k support. It’s almost as if the market just can’t help but notice when BitMine does something… interesting. 😏
Ethereum treasuries are back in the spotlight, and no one knows what to make of it.
Selon le célèbre commentateur crypto Anthony Pompliano, ces chutes vertigineuses de 30% ou plus, moult fois déjà sur une décennie (vingt-et-une fois pour être précis), ne sont que la routine du matamore Bitcoin. Ah, quel charme! Ces sauts terrifiants se produisent, tenez-vous bien, toutes les un an et demi, comme une horloge suisse… ou plutôt comme une horloge fêlée, si l’on veut faire dans la poésie pessimiste.
In the annals of decentralized exchanges, affiliate rewards have long been tethered to fixed, ‘VIP’ tier systems-a relic of a bygone era, as cumbersome as a horse-drawn carriage in the age of steam. The original dYdX VIP model, with its reliance on governance proposals to adjust affiliate structures, was a veritable quagmire. Two thorns in its side, if you will:
This venture, not for the faint of heart, is one of the largest corporate Bitcoin-backed financing plays to date. And, oh, how serendipitous that it arrives at the precise moment when Bitcoin trades far beneath Metaplanet’s cost basis. Could they be playing a game of financial chicken with the universe itself? It seems the market has decided to press its thumb firmly on the scales, as their strategy now teeters perilously close to the abyss. ⛓️📉
He claims Strategy is an operating company with a soft spot for software-$500 million worth, to be precise-and a fiery plan to keep expanding. Because who needs index lists when you’ve got a good stonk and a bulletproof ego?
However, the price movement has been languishing in a narrow band, caught between $0.24 and $0.22 since November 17. The chart now presents a tight 4-5% window, where Pi Coin could break either way-up or down-depending on which way the winds of market sentiment blow. Will Pi turn into a hero, or will it succumb to the call of the abyss? Let’s see.
One such prophet, ‘Sykodelic,’ with a name that dances on the tongue, declares we’re about to scale a wall of worry taller than any mountain crypto has ever seen. “We’re in 2019, not 2021,” they croon, their voice a mix of confidence and whimsy. “No bear dares hibernate in this climate.”
Behold, the Financial System Council’s working group-those visionary scribes of the modern age-have cast this proposal into the annals of their upcoming report. For what else can they do but scribble and scribble, while the market tiptoes on a tightrope above a pool of molten Bitcoin? Investor protection? Market stability? A cursory glance at the chaos shall unveil the folly of such ambition. Yet, in the garden of regulations, every petal must bloom, if only to confuse the next hopeful speculator.
There have been… incidents. Not just little hiccups, but full-blown digital heists. Like that time DMM Bitcoin got whacked for over 4,500 Bitcoins. They had to beg, borrow, and sell off company assets to try and make people whole. It was, I assume, deeply unpleasant for everyone involved, except maybe the hackers. They’re probably on a beach somewhere, sipping tiny umbrellas in their Bitcoins.🍹
