Strive Inc., an enterprise with the ambition of a hibernating bear, has achieved the remarkable feat of slouching through the underbrush of acquisition debts while quietly botching a Bitcoin hoarding spree. Yet the company insists this is mere coincidence.
Let us not forget their previous dalliances: $3.5 million from Sony in 2023, and another $3.5 million in 2024 from UOB Venture Management and Samsung Next. These sums, like crumbs thrown to a starving crowd, have now culminated in a grand total of $20 million. Twenty million! Enough to fund a small revolution, or perhaps a particularly lavish funeral for the dreams of the common man. With this latest infusion of capital, Startale’s blockchain development efforts are said to be “strengthened.” Strengthened, or merely bloated? Only time, that merciless judge, will tell.
Now, there was this chap, Do Kwon. A terribly clever fellow, or so he thought. He built something called Mirror Protocol – a fiddly contraption promising to let anyone trade bits of Apple and Tesla. It all went POP! like a badly made balloon, leaving investors a whopping 40 BILLION dollars poorer. And Do Kwon? Well, he’s currently enjoying a nice, long holiday in a rather grim establishment, courtesy of a judge and a rather lengthy prison sentence.
The vote? Oh, it passed. A whopping 84.4%! Apparently, most of the Optimism lot thought it was a splendid idea. Though, let’s be real, a grumpy badger would have gotten over 84% approval, given how low the token price has been.
XRP couldn’t clear $1.950 and started a downside correction, like Bitcoin and Ethereum. The price dipped below the $1.90 and $1.880 levels to enter a negative zone.
Many among the crypto throng have waited for months for a rotation from Bitcoin into the alt-lands, a spectacle that once unfolded like clockwork in 2021. Yet the show does not proceed as scripted; the industry has sharpened itself into a stubborn creature, less amused by speculation and more concerned with survival. Pillows points to the 2024/2025 cycle as a stark example of misplaced expectations among altcoin holders. The rotation into alts never materialized because the main buyers of Bitcoin are institutions, not retail zealots eager to fling coins at every glittering caprice. This new class tends to hoard Bitcoin as a long-term asset and does not scatter capital into altcoins the way retail once did in bygone cycles. The market’s new conscience, if such a thing exists, remains bullish on Bitcoin and almost disdainful of the rest. Bitcoin’s dominance, according to CoinMarketCap, stands at a stubborn 58.9%.
Walter Bloomberg (no relation to the other Bloomberg, probably) reports that the White House is hosting a Monday morning mixer to tackle the stablecoin yield drama. Apparently, they’re Team Crypto when it comes to paying yields for stablecoins. Because, you know, nothing says “we care” like letting crypto companies make a little extra dough.
Trading, that frenzied bacchanalia, has quickened its pace, with volumes swelling past the $130 million mark-a veritable orgy of financial exuberance. Yet, as ever, the shadows of resistance loom, a familiar specter that has thus far thwarted ZRO’s ambitions with the persistence of a spurned lover.
The price cleared the neckline of the double bottom pattern and shot up more than 25%-which, by the way, is about the depth of the pattern. Usually, after a breakout, you get an 8% to 10% pullback that turns a nearby resistance into solid support. Now that $30 is looking like a sturdy base for the next leg, the Hyperliquid price might keep the momentum and head toward new highs. So much for a boring chart, right?
In a recent chatter with the world, the Black Swan Capitalist founder poked fun at hype-filled price predictions and those ridiculous timelines bopping around the XRP crowd. His grumble? All that constant speculation has pulled people away from understanding what XRP was actually built to do.