PayPal and decentralized finance platform Spark are having a *moment*-and by “moment,” I mean they’re trying to blow up liquidity for onchain. The goal? $1 billion. No biggie. Just a casual climb from $100 million. š
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, itās down 14%, like a scarecrow blown sideways in a gale. The recent high of $26 feels as distant as rain in a drought. Now, itās 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 itās a long walk to the broader support of $11 to $14, where itās 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. šŖš
Stablecoin issuer Circle, never one to shy away from a good expansion strategy, has decided to hitch its wagon to crypto infrastructure whiz Crossmint. šāØ Announced via Circle Ventures (because who doesnāt 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?), theyāve hired Superstate as their digital transfer agent. Their equity tokens will be issued through Superstateās Opening Bell platform, which is basically a blockchain version of the NYSE, but with fewer suits and more hoodies. š§¢
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. Itās like a crypto carnival that never ends, and Asterās the ringmaster. šŖ
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. šŗš¼
This move isnāt just about money; itās 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. šļø
The erudite Crypto Patel, a modern-day oracle, celebrates Avalancheās flamboyant ascent from a modest $16 to a gallant $36. Why, thereās 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 seasonās endless soirĆ©es. Mr. Patelās 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 letās 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. š¤
