Apparently, bridging traditional finance and decentralized markets is now a thing, and S&P is determined to build that bridge without any blueprints, because who needs instructions anyway?
The daily chart shows that bitcoin experienced a sharp pullback from a recent high near $126,272, following a rally off the local bottom at approximately $108,652. Heavy selling pressure, marked by large red candles and volume spikes during the decline, suggests strong bearish conviction. 🧠💸
Hoskinson’s diagnosis? A bot apocalypse. “The majority of internet users today are bots,” he claimed, citing “credible 2025 research” that’s probably just a spreadsheet with a 45%-64% chance of being wrong. 🤯
On a Sunday, as the sun cast long shadows over the digital plains, ETH reclaimed its lost ground at $4,100. A harsh flash crash of 20.7% on Friday had left it reeling, like a man knocked down by a gust of wind in the Salinas Valley. $3.82 billion in liquidations-a fortune lost in the blink of an eye-shook the ETH derivatives markets to their core. 🌪️💔
The $36 level played coy as a short-term demand zone, while the daily chart pointed its bony finger at $33.10 and $31.18 as the next pit stops on this wild ride. 🚂💥
Bhutan, that enigmatic kingdom nestled in the Himalayas, is now engaged in a digital migration as intricate as a chess game played by a master. The national digital identity system, once content on the Polygon network, is now making its grand ascent to Ethereum. This endeavor, involving roughly 800,000 citizens, is a testament to the country’s penchant for the dramatic and the technologically sublime. By Q1 2026, the transition shall be complete, marking a seismic shift in Bhutan’s blockchain ballet. It is a move that prioritizes the security and transparency of the Ethereum mainnet, as if the kingdom were whispering, “Polygon, you were but a prelude.”
Why the sudden attack? Well, Bitcoin had a little ‘oopsie’ recently. A not-so-glorious dip that has been blamed on a cocktail of geopolitical tensions and some eyebrow-raising tariff proclamations from the U.S. administration. Ah, just another Tuesday in the world of digital currencies.
So, what happened? Well, in a matter of hours, those plucky traders saw their perpetual DEX positions plummet from a hefty $26 billion to less than $14 billion. That’s less than the number of diets people start on Mondays, am I right? Meanwhile, the platform tire-spinning fees? Skyrocketed past $20 million – enough to buy a small island if you’re into that sort of thing. And trading volume? An astronomical $177 billion in just one week. No big deal, just the usual Tuesday, folks.