Cryptonews

Ethereum (ETH) and Bitcoin (BTC)? They’ve been on a three-week losing streak, hitting their lowest levels in months. It’s like they forgot how to moon! 🌕→🌑

In the shadow of impending doom, Arthur Hayes-once the architect of digital gold-now stands as a harlequin of despair, unloading his ETH, ENA, and ETHFI with the ferocity of a man fleeing a burning cathedral of financial dreams.

Maybe they’re hiding. Short-term holders are nibbling at the bait, and derivatives are as steady as a rock in a still pond. But is it enough to make waves? 🪨

Yes, strong Taker Buy dominance and heavy long positioning among top traders indicate rising conviction in a trend shift. Translation: “They’re buying like it’s Black Friday at the crypto mall.” 🛍️

It seems Mr. Hayes is quite the fan of Zcash lately! In yet another one of his optimistic (read: bullish) declarations, he has revealed that Zcash now holds the second-largest position in his fund, right behind Bitcoin. And, of course, he doesn’t shy away from the claim that ZEC could outshine XRP in the race for market cap supremacy.

ZEC needs to burst past $750 to chase after the shiny $875 prize, or it might decide to settle for a cozy support nap near $495 if traders get tired of the chase.

It was no secret, of course, that Epstein-that wretched soul-had a soft spot for Bitcoin. Reports had long whispered of his dalliances with the MIT Media Lab, his tendrils reaching into the Digital Currency Initiative (DCI), like a spider spinning a web of intrigue. 🕸️

Breaking news: Ethereum Foundation is hosting a town hall. Who knew? 🙃 The event is basically a fancy meet-up where devs will “share their plans” while sipping overpriced coffee and pretending they care about users. 🧾

In this age of commerce, where borders are but lines on a map, Alibaba’s global business-to-business platform seeks to rewrite the rules of exchange. Tokenized currencies, backed by the steadfast dollar and euro, shall flow like a river, unencumbered by the whims of intermediaries. A noble endeavor, though one cannot help but smirk at the irony of a digital revolution led by those who once thrived on paper and ink. 📜🔄

According to the post, the move triggered a sharp drop of over 25%, indicating the sweep functioned as a distribution event, not a continuation. One might argue that the market is merely being its usual self-generous with highs and stingy with lows. 🧠💣