It appeared as though the heavens themselves conspired on Monday to entertain us with this marvelous alliance. Ripple and Immunefi, in a ghastly yet grand annual bonding, announced what they deceptively baptized an “Attackathon.” This puts in its spotlight the ingenuously anticipated XRPL Lending Protocol, primping it up before its grand unveiling, entrance fully secured and vetted at every conceivable angle.
“Retail’s emotions often dictate that Bitcoin’s and altcoins’ prices are about to do the opposite,” said Brian Q, a Santiment analyst who clearly hasn’t had a pet cat die recently. “Ah yes, FUD-Food, Utensils, and Diplomatic options. Or in crypto terms, FUD = Fear, Uncertainty, and Debating whether you should’ve invested in that NFT of a pixelated dragon.”
Apparently, a wave of XRP spot ETF filings hit the SEC on Friday. Big whoop. Everyone’s jumping on the bandwagon now. Canary Capital Group LLC filed Amendment No. 2 for their pre-effective Form S-1. Because nothing says “we’re serious” like more paperwork. 📜
Among them, three particularly lustrous coins have stirred the interest of financial leviathans, their buoyant spirits buoyed by burgeoning whale inflows, whispers of product revelations, and promising technical indicators. Some enjoy the patronage of wise investors while others are poised for an exhilarating breakout to higher altitudes, hinting at early murmurs of resilience. Or is it just the sound of wallets creaking under the strain? 🤔
After eons of mere peeping through the curtains, Amundi has deigned to pirouette onto Europe’s digital stage. These ETNs, you see, shall mimic the American Bitcoin ETFs in a ballet of exposure to the fickle asset, all while curtseying to the continent’s notoriously prudish regulatory chaperones. One might say, darling, it’s like inviting a fox to dine with the hens, but with far less feathers ruffled!
On that fateful Friday morn, Bitcoin stood proud at $121,000. But as the day wore on, a tempest brewed, and within seven hours, it had fallen to $109,000. All the gains of the previous week were naught but dust in the wind. Ethereum, too, suffered, dropping to $3,686, while Solana clung precariously above $173. The mood in the markets turned as sour as a lemon dropped into a cup of tea. 🍋☕
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. 🍸🌀
