Crypto News

In the parched fields of crypto, Chainlink (LINK) has taken a spill, trading near $21 after a 4% slide in the past day. Over the week, it’s down 14%, like a scarecrow blown sideways in a gale. The recent high of $26 feels as distant as rain in a drought. Now, it’s clinging to a support zone between $19 and $20, a line in the sand that once was a wall of resistance. Hold here, and the dream lives. Break, and it’s a long walk to the broader support of $11 to $14, where it’s been holed up since mid-2023.

Yet the fall, a theatrical 25% slide from its splendiferous apex, whispers that ardor may be ebbing, like a ballroom after the final encore. 🪄🎭

Stablecoin issuer Circle, never one to shy away from a good expansion strategy, has decided to hitch its wagon to crypto infrastructure whiz Crossmint. 🌍✨ Announced via Circle Ventures (because who doesn’t love a good venture?), the partnership aims to fling the USDC stablecoin onto more blockchains than you can shake a ledger at. Why? Because Circle has dreams as big as the blockchain itself-billions of users, AI agents, and probably a few confused cats on the internet.

Based in Minnesota (where else would they be?), they’ve hired Superstate as their digital transfer agent. Their equity tokens will be issued through Superstate’s Opening Bell platform, which is basically a blockchain version of the NYSE, but with fewer suits and more hoodies. 🧢

Perpetual DEXs have been on a three-day sugar rush, with volumes hitting $52 billion on Tuesday, $67 billion on Wednesday, and finally $70 billion on Thursday. It’s like a crypto carnival that never ends, and Aster’s the ringmaster. 🎪

One must note, this comes hot on the heels of the confounding delay in confirming Brian Quintenz-because nothing says leadership like a limbo contest at the federal level, surely. 🕺🏼

This move isn’t just about money; it’s about the Middle East trying to become the next big thing in crypto finance. Because nothing says ‘global hub’ like a bunch of people in suits sipping tea and talking about blockchain. 🏝️

The erudite Crypto Patel, a modern-day oracle, celebrates Avalanche’s flamboyant ascent from a modest $16 to a gallant $36. Why, there’s a fortress of structural support at $25, standing firm as any Victorian mansion in a storm. The charts, those cryptic scrolls of financial divination, reveal a breakout from an accumulation phase so prolonged it could rival a London season’s endless soirées. Mr. Patel’s crystal ball forecasts audacious goals: $50, then $100, $200, and heaven forbid-$300-if we are lucky enough to witness such grandeur. One imagines AVAX has vanquished its archenemies (or resistance bands, in less poetic parlance) and prances onward, provided the faithful buyers ward off any would-be interrupters.

Market cap? A tidy $483.18 billion. Trading volume? A robust $41.9 billion. But let’s not get too excited-this is just the calm before the storm, or in this case, the calm before someone accidentally sends $10 million to the wrong wallet again. 🤞

Should the cruel winds of selling pressure persist, the suffering shall spill into the Futures market, where millions in bullish contracts-naïve as a Tolstoyan protagonist-await their grim fate.