Crypto News

SEI took a nosedive only to realize it might have thrown the towel a bit soon. It rebounded with elegance, or at least that’s what they’re telling us at the circus that is altcoin market…

UNDER EMBARGO UNTIL 29TH JANUARY, 10 AM GST (aka, don’t tell your mom yet)

In a report released on Wednesday-because, of course, bad news always arrives midweek-the firm noted that Bitcoin’s “supply in loss” metric has decided to climb back up. This, my dear, has historically been the harbinger of those oh-so-dreadful bear markets. Mon dieu!

Oh, the times we live in! For BlackRock proposes to see Bitcoin, that frolicsome enigma, as a standard bearer in the portfolio. A recent filing, much akin to a cryptic scroll, proposes the conversion of Bitcoin’s temperamental vaulting into regular, dependable surges of cash. Abandoning the revelations of mere price hikes, BlackRock chooses to harness its volatility. For the traditional investor, it whispers: Bitcoin is no longer a mere harbinger of growth but something akin to a stable income breadwinner.

The rollout was confirmed on January 28, after a December launch that was as exclusive as a country club with a “no flip-flops” policy. Now, anyone with a pulse and a Wi-Fi connection can join the fun.

Ethereum, like Bitcoin – because they apparently copy each other’s homework – briefly pretended to be stable above $2,880. It cleared some resistance levels, like it was clearing a cluttered desk, before hitting that $3,000 mark. Then the bears showed up, which, let’s be real, they always show up. A high of $3,040 was achieved. Briefly. Then came the decline, because drama.

The digital currency maintained a precarious balance, hovering just above eighty-eight thousand, like a peasant on a slippery slope. It attempted a recovery, a brief, eager surge towards eighty-nine thousand and even, briefly, surpassed it. One might have believed, for a moment, that fortune favored it.

routing liquidity through a public DEX invites compliance tempests for regulated entities, whereas employing a ledger as a post-trade settlement layer is a smoother, less storm-lashed path.

In this age of greed and folly, where every institution clamors for a piece of the $316 billion stablecoin pie, one must wonder: who shall reign supreme? Who shall be cast into the abyss of obscurity? The stage is set, the players are many, and the drama-oh, the drama-is only beginning.

So, when the burn rate went up by that astronomical number, suddenly everyone on social media was popping champagne bottles. But let’s be real-it doesn’t really do much for SHIB’s price or market standings. It’s like shouting “look at my new shoes” while standing in a puddle.