In a rather amusing tirade on the ever-irreverent platform X, the institutional DeFi solutions provider Sentoraāpreviously known as the delightful IntoTheBlockāhas regaled us with their latest findings from the infamous Correlation Matrix. One might wonder, what *is* this Matrix? Think of it as a matchmaking service for our beloved cryptocurrencies and traditional markets!
Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money.
And so, with a heavy heart and a generous severance package, Eigen Labs has made the difficult decision to part ways with a significant portion of its crew. This is not an uncommon tale in the crypto realm, where the winds of change can shift as quickly as the market itself. šŖļø
But don’t get too excited just yet! š Resistance remains firm near $0.90, and technical indicators are only pointing to a period of reduced selling pressure. It’s like trying to hold water in your hands – it might look promising, but it can all slip away in an instant. š§
Following the explosive rally in Strategy (formerly MicroStrategy) and Metaplanet stocks, and other public firms embracing crypto treasuries, a new billion-dollar player, ReserveOne, has made its own entry.Ā
So this trader, CasiTradesāprominent, naturally, because any analyst worth two satoshis is always āprominentāāposts on X, formerly Twitter. (By the way, you rebrand to a single letter and you expect people to take you seriously?) Sheās pointing out some chart formation like sheās deciphering the Dead Sea Scrolls, but nopeāitās just XRP possibly breaking out of yet another triangle. I mean, the only triangle Iām interested in is a slice of pizza.
Monad said the acquisition will accelerate its push into the stablecoin space and improve tools available for developers and fintechs building with digital dollars. Monad is a layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM) and capable of over 10,000 transactions per second. š
In a new blog post, Hougan says that the transition of these real-world assets onto blockchains instead of traditional systems may happen much quicker than he previously thought. He’s even started to wonder if tokenization could achieve 1-5% penetration in just a few years! š¤Æš¤Æ
During the magic moment, FIL saw a surge in trading volume. In fact, there were 2.65 million tokens tradedāclearly well above the usual 1.89 million. Some might call that ‘busy,’ others might call it ‘abnormally busy.’ You choose.
BNY, a colossus of the global financial world, with a pedigree in digital asset custody and transaction services that would make the Romanovs envious, will now take the helm of RLUSDās cash reserves. The bankās integrated banking solutions will not only support Rippleās operational functions but will also lend an air of regal credibility to the stablecoin, much to the delight of institutional users. š¦
