With a market capitalization that could make even Midas blush—$155 billion, mind you—Tether Investments is on a quest to diversify the assets that back its illustrious stablecoin, USDT. They are expanding into the realm of tangible assets and precious metals, as announced on a rather splendid Tuesday.
Having failed to ascend beyond the grand resistance—an egress more elusive than a gentleman’s virtue—Dogwifhat now embarks on an apologetic descent. One might say it’s a parabola of despair, a swing failure pattern that would make even the most stoic blush in embarrassment. I dare say, the asset has been rejected from its lofty conquests, retreating towards the deep support levels like a shy debutante retreating from the spotlight.
Bitcoin, that lumbering giant, stabilizes near its all-time highs, giving a thumbs-up to Ethereum’s valiant attempt to reclaim its former glory. Is this the herald of a new altseason? Maybe. Ethereum’s performance is considered the golden ticket to the altcoin world, but whether the golden goose will fly is another story. Analysts are holding their breath, watching the crypto darling as it teeters at the edge of greatness—or a glorious downfall. Will the bulls defend the $2,800 mark like knights in shining armor, or will they fall to the might of the resistance?
Because, you see, not all exchanges are made equal. Between bankruptcies, jail sentences, and those ‘whoops, we missed that tax law!’ moments, some platforms have had their fair share of struggles. And yet, there are a few that have somehow managed to weather the storm and come out relatively unscathed—dare I say, *trustworthy*? Let’s take a closer look at these stalwarts of the digital cash realm.
Our dear Justin Sun confirmed this launch on the platform known as X, with validation from the ever-reliable TRONSCAN. The network metrics have surged, with Tron’s stablecoin cap rising from $77.18B on June 10 to $79.04B on June 12, a remarkable increase of $1.86B in just two days, accompanied by a peak in user activity. 📊
Meanwhile, TRON [TRX] is out there breaking records like a kid at a piñata party, processing over $691 billion in USDT transfers in just one month! And guess what? Whales are responsible for a jaw-dropping $411 billion of that flow. Talk about a whale-sized appetite! 🐳💸
This pivot hints at a seismic symphony in the world’s currency markets, whispering softly that risk assets—yes, including your beloved crypto—might finally get their moment in the sun. 🌞
With the fervor of a man chasing a runaway cabbage, this fintech company plans to integrate its newfound treasure into a “long-term” Bitcoin (BTC) treasury reserve. They speak of blockchain-native custody and tokenized treasury management services as if they were the latest fashion trends in St. Petersburg! Who knew finance could be so chic?
In the grand theater of Elliott-wave analysis, Casi paints a picture where the advance from January to June completed a wave (1) at approximately $2.70, only to correct to $2.02 at the 1.236 Fibonacci extension, sketching wave (2) against the wedge’s base. The new thrust above resistance, she argues, could herald the birth of wave (3). Yet, the funding dynamics cast a shadow over this bullish narrative. “We’re merely days away from the apex of XRP’s macro consolidation,” she muses, “while funding quietly climbs. A dangerous combo indeed!”
The shiny new security, dubbed the 10% Series A Perpetual Stride Preferred Stock (try saying that after a glass of wine), managed a tiny 0.24% gain on its first day. Progress! 🎉