The altcoins, too, waltz in disarray: ETH trips over its own shoelaces below 2,100 livres, ADA pirouettes down 4% in a spiral of despair, while CC struts about like a peacock, defying the storm. A true très chic exception, if you ask me.
A company still nursing the wounds of a $4.3 billion settlement, the last thing it needed was fresh attention from Capitol Hill, where senators are as eager as hounds on the scent of a scandal.
Amid this skirmish of numbers and charts, a new report from the cryptic minds at XWIN Research Japan whispers of a change in the wind. The Market Value to Realized Value (MVRV) ratio, that old financial compass, now points to a landscape eerily familiar to the dark days of late 2022, when FTX’s collapse left many investors stranded in a financial storm.
Well, well, well! The crypto circus is in town, and the clowns are bearish! According to a report by Cryptoquant (published on March 13, because even doom needs a calendar), Binance’s ETH funding rates have taken a nosedive into the land of negativity. Since January, these rates have been doing the limbo-how low can they go? Spoiler: Pretty low.
In a statement posted on X, organizers of Token2049 said the event would not take place this year and would instead return in April 2027. “In collaboration with our partners and stakeholders, and in light of the ongoing uncertainty in the region and its impact on safety, international travel, and logistics, Token2049 Dubai will be postponed to 21-22 April 2027,” the event organizers wrote in an announcement. A statement so polished, it’s almost believable.
On March 13, the Tenth Circuit Court of Appeals voted 7-3 against rehearing the case-because democracy and a nice round number. That means an earlier October ruling remains in place, where the court decided Federal Reserve banks can pick and choose who gets to play in the banking sandbox like it’s a VIP lounge at a disco.
Behold, the latest marvel of modern ingenuity: MoonPay, that crypto payments firm with the audacity to exist, has declared war on human laziness by enabling its AI trading agents to sign transactions via Ledger devices. A bold move, or perhaps a tragicomedy in the making.
Earlier this year, the asset stumbled, its downward spiral a tragic poem penned by the gods of finance. Now, a modest ascent, a staircase of support, allows the buyers to whisper of hope. But the market, that fickle muse, offers only a smirk-stabilization, perhaps, but at what cost?
On the ides of March (yes, Friday the 13th, no less), Kitao announced that SBI ARUHI, a mortgage-slinging outfit under the SBI umbrella, is now part of the XRP reward program. That’s right, folks-if you’ve got a stake in SBI ARUHI, you might just find yourself the proud owner of some XRP tokens. Who needs a gold watch when you can have a digital coin that’s as unpredictable as a Missouri weather forecast?
The aggregated taker buy/sell volume, that most sacred of metrics, reveals a curious duality: 52.35% long, 47.65% short. A mere whisper of bullish intent, yet the traders, those poor deluded wretches, fancy themselves architects of destiny. Behold Binance, OKX, and Bybit, each a cathedral of greed, their long positions towering like the spires of a cathedral built on sand. How long before the tide of reason washes their delusions away?