🇹🇭 Crypto Meets Baht: Thailand’s Wilde Ride to Digital Decadence! 🤑

On the 18th of August, the Deputy Prime Minister, Mr. Pichai Chunhavajira, with a flourish worthy of a Victorian dandy, proclaimed this project a triumph of convenience. It simplifies the use of digital assets in daily life, while offering foreign tourists a smorgasbord of payment options. Alas, direct crypto payments are verboten; one must first convert their digital trinkets into the national currency. A prudent move, no doubt, to shield merchants from the capricious whims of the crypto market. 🛡️💹

1M XRP $4 Calls Traded Amid Price Dip: Covered Call Strategy?

On Monday, a significant number of one million contracts for the $4 call option expiring on December 26, each representing 1,000 units of XRP, were traded off-exchange in a large, private transaction known as a block trade, and subsequently recorded on Deribit exchange.

A Whale of a Tale: Bitcoin’s Secret Suitor Amasses Millions in Shadows 💸

One wallet, connected to FalconX inflows, has been acquiring Bitcoin with a scheme most deliberate 😉. Yesterday alone, it swallowed 300 BTC ($34.71M), bringing its monthly haul to 1,521 BTC ($176.27M). One might mistake it for a lottery winner, though I suspect this “lucky” whale has a plan sharper than a London tailor’s scissors.

Will Bitcoin’s Bounce Become a Tale of Woe? 📉

The 4-hour frame exposes a preposterous bull flag, not unlike a contraption devised by a sleep-deprived inventor. The bulls attempt one escapade up and numerous deceiving dips downward, yet, alas, they mercifully find themselves in a sideways frenzy. However, they’ve been herded back into the flag, where their futile attempts towards the summit are soundly quashed by the bears, returning them flat-footedly to their confinement.