Price-wise, XRP is the equivalent of a first date who talks about their cat too much-not exactly impressive. Rallies? Capped faster than a bottle of cheap prosecco. Still stuck in a declining structure, trading below moving averages like it’s stuck in traffic. Volatility? Thin. Volume? Thinner. Momentum? Probably out for a smoke break. 🚬💨
Eighteen bipartisan lawmakers-yes, they can agree on something!-have given the IRS a nudge (read: shove) to rethink its crypto staking tax rules. They’ve penned a letter to Acting Commissioner Scott Bessen,t (yes, that’s his name, no typos here) demanding action. The current system? It’s like taxing your birthday cake before you’ve even blown out the candles. 🍰💸
But lo! The AI tokens emerge, not as jesters, but as philosophers-serious, calculating, and oddly seductive. Consider Aionix, [AIONIX], born in August with a market cap of mere 7.76k (a child’s cradle, one might say). Yet, it rises 3% in a single day, defying the skeptics like a stubborn sunflower in winter. Aionix’s ascent: serendipity or masterstroke? One must ask…
As announced by Strategy co-founder and chairman Michael Saylor in an X post, the company has increased its US Dollar (USD) reserve by $748 million. Saylor, ever the showman, dropped this news on X with the flair of a magician revealing a rabbit. 🎩🐇
The total crypto market cap has slipped a cheeky 0.8%, now lounging at $3.07 trillion. Bitcoin was trading at $88,088 when we last checked-down 0.7% in the past 24 hours, which is about as exciting as watching paint dry. Ethereum took a tiny tumble, falling 1% to $2,987, while Chainlink and Sui decided to join the pity party with drops of 0.6% to $12.49 and 0.4% to $1.45 respectively. Smaller altcoins like Zcash and Monero are having a rougher time, seeing declines of over 5%. Poor little fellas! 🥺
On Monday, whispers turned into roars: Bitmine now poises at over 4.06 million ETH, having bought 13,412 more just that very morning, totaling $40.61 million. A knack for pouring more fuel into the fire, they’ve amassed nearly 100,000 ETH in a week-each coin bought at an average of $2,991, as if they’re trying to beat the gods at their own game. 🎯
According to the wise (or perhaps overly optimistic) on-chain analyst Axel Adler, Bitcoin’s current setup is a veritable treasure map, leading to tactical upside potential when viewed through the lens of market regime indicators and derivatives liquidation dynamics. 🧭💰
Mr. Sigel and Mr. Bush, those dedicated observers of the digital ether, write in a report (one imagines over strong tea and a sigh) that when this hashrate compresses – such a clinical term! – better returns tend to follow. 65% of the time, no less. Of course, that still leaves 35% to utter ruin, doesn’t it? A comforting thought.
ETHZilla, that ambitious venture, has been…re-evaluating. One might even say, slightly panicked. They’ve sold a rather substantial chunk of their ether holdings – $74.5 million worth, to be precise – to pay off debts. Apparently, relying on the whims of the cryptocurrency market wasn’t the most robust plan. One wonders who approved that initial strategy… 🤔.
while smart contracts may bow to collective will, the kingdoms of brand and interface oft dwell in off-chain lands-governance there lingers, slower; authority, unclear; incentives, perhaps, at odds.