qfx Cathie Wood’s ARK crew is throwing caution to the wind (and maybe a few accounting standards) by piling into crypto stocks. On Friday alone, they bought enough BitMine shares to fill a small asteroid. Let’s just say if the stock market were a party, ARK would be the last one dancing in the parking lot.
Belarusian President Alexander Lukashenko-the man, the myth, the temporary ruler-recently announced that his country is eyeing the shiny world of cryptocurrencies as a possible substitute for the venerable, often-overhyped U.S. dollar. Apparently, mining for digital gold is now a national priority-because nothing screams stability like flipping coins in the digital ether. (And yes, it’s electricity-intensive. Who knew being green could mean powering your economy?) ⚡💻
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Analysts, those tireless soothsayers of the digital age, are now engaged in a spirited debate over whether the cryptocurrency has finally settled at $94,000 after an unceremonious $13,000 evacuation in three days. One imagines them clutching their pearls and reaching for the smelling salts.
Ah, yes, the tale of Sui. This digital marvel has hit a monumental peak in average daily DEX volume, the likes of which we haven’t seen before! For three consecutive quarters, growth has come not like a slow, steady stream, but like an avalanche that won’t stop. You know it-$456 million, a 24% quarter-on-quarter increase. DeFi TVL rose 20%, reaching $2.11 billion, and the total market cap? A soaring 23% increase, now a majestic $11.6 billion. Truly, the numbers speak for themselves-or do they? 🤔
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Crypto analyst WrathofKahneman notes that the GENIUS Act has officially placed stablecoin reserves under regulated banking oversight, requiring issuers to adopt compliant, tightly supervised structures. Or, as the Act’s creators might say, “We’re not the ones who broke the system, we’re just here to make sure it’s properly taxed.” 🧠💸
A new model, forged in the fires of algorithmic prophecy, foretells a bear market floor of $74,000. Ah, the irony! A number so round, so precise, as if the market’s chaos could be tamed by mere mathematics. Yet, the technocrats insist-Axel Adler Jr., with his valuation model, points to $87,000 and $74,000 as the twin pillars of doom. On-chain activity, he claims, marches inexorably toward these thresholds, like a condemned man to the scaffold. 🪦
The trading volume has shot up by 11.28% to $168.54 million-oh, the excitement! The volume-to-market-cap ratio of 3.11% shows there’s some activity behind the tiny price bump, though it’s hardly making anyone jump out of their chairs.