Data from the enigmatic analyst Darkfost, who has apparently mastered the ancient art of staring at numbers until they confess their secrets, also revealed that Bitcoin addresses depositing coins have plummeted to a 10-year low. Which is either a sign of caution, wisdom, or everyone simply forgetting their passwords.
At present, the coin bleats a modest $1.34, sunk 2.39% over the fabled week, as if it had drunken too much of the market’s bitter soup.
The CFTC, cloaked in the armor of federal authority, has sued Arizona, demanding it cease its “crusade” against CFTC-regulated platforms. “Thou shalt not enforce thy criminal and gambling laws,” they proclaim, as if Moses himself had descended with tablets inscribed with the Commodity Exchange Act. Arizona, unyielding as a saguaro cactus, retorts that these platforms may tread upon its sacred gambling laws, especially when retail participants are lured into the fray.
Token withdrawals, those sacred outflows, once a sign of hoarding and faith, have now turned into a trickle of despair. In the delirium of bull markets, investors clutched their SHIB like a child clings to a blanket. But now? The blanket is tattered, and the child has wandered off. Outflows collapse not from confidence, but from apathy. The market, once a roaring beast, now lies dormant, its breath shallow and labored.
AlphaTON Capital has signed a strategic financing deal for around $43 million with Vertical Data to hurry up its AI and privacy computing build-out. The TON-focused outfit says the collaboration centers on deploying AI hardware to speed up its “privacy computing” roadmap and sovereign AI stack, with the aim of weaving AI, digital assets, and confidential computing into one snug coat for the TON neighborhood.
So, here’s a surprise – Shiba Inu (SHIB) might actually be getting a shot at an ETF. Thanks to Canary Capital’s S-1 registration for a PEPE spot ETF, SHIB could be next in line for that institutional sweet spot. And let’s be real: Who would pick a frog-themed token over a cute, meme-tastic dog coin?
Oh, the drama! Quantum computers-those mythical beasts of the future-are supposedly gunning for your Bitcoin. But fear not, dear crypto comrades, Olaoluwa “Roasbeef” Osuntokun (CTO at Lightning Labs, fancy!) has cooked up a prototype that’ll make quantum hackers cry into their algorithms.
Bitcoin’s profit levels have sunk to ranges normally reserved for bear markets, giving the impression that caution should be the name of the game for anyone invested in this crypto rollercoaster. Darkfost, a CryptoQuant analyst, pointed out that a staggering portion of Bitcoin holders are currently at a loss.
The S&P 500 has performed very well over the past week, gaining about 7%. However, after recovering from a recent low, it’s now facing strong resistance around the 6,800 level. It’s likely the index could fall back from here, potentially even dropping below its recent low point. The outcome may be influenced by developments in the current Middle East ceasefire negotiations.
