In the grand theater of memes, our star PEPE has done the unthinkable: it fell 2.6% in the last 24 hours and is now flirting with $0.0000915. Meanwhile, the CoinDesk 20 index decided to join the pity party, down 1.4% – talk about a real knee-slapper!
Turns out $115,000 is the financial equivalent of a clearance sale that’s just *too* good to pass up. Bitcoin tried to hold the line but ended up getting dragged back like a cat from a bath, slipping 3% in a single day. Traders are basically cashing out like they’ve just found out crypto gains don’t pay for lattes (yet). Meanwhile, over $420 million worth of Bitcoin got dumped into exchanges in 24 hours-which is a lot. Spot trading volumes have also dropped 18%, so liquidity’s dryer than your group chat after “good night.” All that selling and cooling demand have sent BTC into a bit of a sulk, and poor momentum is feeling the burn.
The CoinDesk 20 is currently sulking at 3988.9, down 1.1% (-46.29) since 4 p.m. ET on Monday. Yes, it’s basically the financial equivalent of “I’ll just have one more glass of wine” and waking up with a hangover. 🥂😵💫
Currently, Ethereum is having a little love affair at the price of $4,191, slowly getting over last week’s dramatic breakup with $3,800. There’s some romantic tension forming in the 4-hour chart-a contracting triangle that’s just begging for a breakout. Immediate resistance is stacked higher than your laundry pile between $4,230 and $4,275, where those fancy 100-day and 200-day EMAs are throwing a party. If it breaks above this zone, we might just witness Ethereum’s long-awaited comeback since the mid-September heartbreak. 💔➡️💖
At the R3al World AI Summit (yes, they really stylize “Real” with a 3, because nothing says cutting-edge like numbers in words) during Singapore’s Token2049 conference, IoTeX rolled out this project like it was the new iPhone, partnering with big names like Vodafone, Filecoin, Theta Network, and a few others that sound like either sci-fi planets or your next Wi-Fi network.
The initiative, called Mission Control, is part of a broader effort to “democratize” space access by opening up astronaut selection to global users via onchain voting on the TON blockchain, according to a Tuesday announcement shared with CryptoMoon. Let’s be honest: it’s just a fancy way of saying “we’ll sell NFTs and call it a social experiment.” 🤖
Our heroes, Crypto Majors BTC and ETH, took their modest bows on Tuesday Stage as the market, fatigued but hopeful, began to steady after Monday’s theatrical recovery.
The REX-Osprey XRP ETF (ticker XRPR) pirouetted into existence mid-September, a firstborn in the SEC’s frosty cradle. Yet, the commission’s desk groans with pending petitions, their fates dangling like icicles on a thawing roof. October 18 looms-a date etched in Grayscale’s ledger-as 21Shares, Bitwise, and others await the SEC’s nod or a bureaucratic slap. Eleanor Terrett, erstwhile Fox scribe, whispers of 19b-4 filings being yanked, a move some optimists claim will “accelerate the future.” Bloomberg’s Balchunas, ever the pragmatist, sighs: “We thought this might happen. Makes sense. Just not sure how… yet.” 🤡
Behold! Bit Digital has declared an audacious proposal for a $100 million public offering of convertible senior notes priced to mature in the year 2030-mark that year, a distant chimera hovering on the horizon, subject to the capricious whims of market muses and the customary peccadillos of finance. Not content with mere certainty, the company blesses underwriters with a 30-day option to gobble up an extra $15 million-because what is excess in these extravagant financial ballets? Primarily, these liquid tokens shall be wielded to acquire Ethereum itself-digital gold for the modern age-while the remainder scandalously funds sundry “general corporate purposes”: investments, acquisitions, and other ventures that evoke equal parts mystery and ambition.
Ah, the sweet smell of financial power shifts, as BlackRock’s iShares Bitcoin Trust (IBIT) rises like a phoenix from the ashes, surpassing Deribit in bitcoin options. This sudden dominance is like watching a struggling underdog take the lead in a race they weren’t even supposed to be in.
