His X bio, that humble digital autobiography, now proudly proclaims “CTO Emeritus at Ripple,” as if to say, “I’m still here, but only in spirit (and maybe a little in the blockchain).” As a parting gift-and perhaps a clever maneuver-he accepted an invitation from the venerable Chairman Chris Larsen to grace the Ripple board, adding yet another feather to his cap of crypto exploits. 🦚
Trust Wallet, in a surprising twist of irony, advised users to “abandon the old compromised wallet, create a new wallet, and move your funds immediately.” A process as simple as changing a tire while driving, they assured us. The company’s tweet, delivered with the urgency of a telemarketer at 3 a.m., read: “We identified a limited group of ~36k wallets… All impacted users have already been directly notified via a security incident banner on your…”-a message that might have been drowned out by the sound of crickets.
Ah, Bitcoin, born in the quietude of January 3rd, 2009, when its mysterious creator tucked a cheeky little message about bank bailouts into the first block of a brand-new blockchain. The financial system was in tatters, darling, and along came Nakamoto’s brainchild-decentralized, permissionless, and governed by code rather than those tedious committees. How utterly divine! 💻🔥
M&A activity, dear readers, was the star of this circus, as exchanges, derivatives platforms, and infrastructure providers inflated their egos beyond comprehension with multi-billion dollar valuations. It was a spectacle worthy of a three-act play!
During this period, Exchange Netflows, that most enigmatic of phenomena, mainly stayed negative, with brief positive spikes-like a candle flickering in a storm. This suggests distribution during periods of strength and forced selling during declines, rather than sustained accumulation. One might say it’s a ballet of chaos, where every step forward is met with two steps back. 🕺
On the grand ol’ daily stage, ETH’s prancin’ around in a corral between $2.7k and $3.5k. It’s testin’ that $3k fence like a curious mule, but them 100 and 200-day movin’ averages are loom-in’ overhead like a couple of grumpy gatekeepers at $3.5k. They’re squeezin’ the life outta any bullish spirit, I tell ya. Unless ETH gets its act together and claims that $3.5k range, it’s about as stable as a house of cards in a windstorm. 🏠💨
On the daily chart, XRPUSDT doth linger near $2.00, a beggar clinging to the coat of a long-lost patron. The price, though trapped in a descending channel, now tests the upper trendline with the audacity of a drunkard challenging a tavern brawl. The 100-day and 200-day moving averages, those ancient titans, loom above at $2.30. Should XRP breach this fortress, the next target shall be $2.50-a golden dream for the hopeful!
For clarity, open interest refers to the cumulative amount of unsettled positions in the derivatives market. Because nothing says “I’m a serious investor” like leaving your money hanging in the balance. 🧵
Apparently, there’s this “triangle setup” on the XRP weekly chart. A triangle! 🏔️ Because nothing says “financial advice” like a shape from geometry class. And if this “breakout” happens, XRP could hit $3.40. Big whoop. Last time I checked, my dry cleaning bill was higher than that. But sure, let’s all hold our breath.
On January 2nd, Stani Kulechov, the chap in charge of Aave Labs (the biggest builders in this particular digital sandbox), announced they’ll be sharing revenue with those who hold the AAVE token. Quite a generous gesture, assuming, of course, there is any revenue to share. 🤔