Technical indicators are starting to show some hope, suggesting that PI might just climb over its previous resistance levels. A real Cinderella story in the making, don’t you think?
Word from the Hyperliquid Discord, where the kids hang out, says HIP-3 kicked in on Monday. It’s all about lettin’ folks deploy these futures without askin’ permission, turnin’ things upside down for decentralized tradin’. Kinda like sharin’ the land with the dispossessed, oh wait, maybe not.
The crypto crowd is slowly picking itself up after what can only be described as the most colossal liquidation since Noah’s flood. Bitcoin’s derivatives market, my dear reader, has had a shakeup that would make a martini blush. 🍸🌀
By Shayan (the chart-jugglin’ wizard)
While most altcoins were busy licking their wounds after the crash, TAO was like, “Hold my beer,” and proceeded to stage one of the most impressive recoveries in recent memory. What’s behind this sudden surge? A few things, actually:
Mark your calendars, for this coming Monday Hyperliquid shall enact its HIP-3 upgrade, an event that will-if the reports are to be believed-allow any sufficiently onchain-enthusiast to launch perpetual futures markets. How delightfully democratic! 🤓
This decision spills a splash of sunshine onto WazirX’s approximately 16 million users-mostly Indian, but let’s not discriminate-who can now dream of recovering a hefty chunk of their lost digital treasure amid the chaos of ongoing regulatory skirmishes and recovery efforts. Cheers to small victories, and here’s hoping the next chapter involves fewer hacks and more happy endings! 🥂🙃
Mr. Gasparino, a chronicler of such affairs, suggests Trump’s inner circle views the charges against CZ as… let us say, insufficiently robust to warrant such severity. Perhaps justice, in its infinite wisdom (or lack thereof), has been too hasty. One wonders if the scent of opportunity – namely, CZ remaining the largest shareholder of a rather profitable exchange – does not somewhat influence this assessment. 🤔
What to know in 30 seconds or less:
Now, let’s not forget this project has been marinating in the development pot for longer than a Thanksgiving turkey-over half a decade, mind you. It finally saw the light of day earlier this year, already sporting a fan base bigger than a circus tent. But, like a firecracker with a damp fuse, its progress fizzled out quicker than a New Year’s resolution. That is, until now. Apparently, the Pi Mainnet is popping off like popcorn at a movie theater, with over 210 live apps and a whopping 23,000 more in the pipeline, ready to launch faster than a kid on a sugar high. 🍿🎢
