Cardano [ADA] bulls, those tireless laborers in the crypto fields, have been fervently clutching the short-term support level at $0.846. Indeed, the altcoin has surged by a staggering 51% since 8 July when it languished at $0.572. Meanwhile, the crypto market sentiment resembles a Dostoevsky novel-mixed, chaotic, and volatile. Ah, the beauty of unpredictability! 🎭
Addressing a New York federal judge on Wednesday, Unicoin declared the SEC’s lawsuit should be tossed out faster than stale bread. Why? Because, according to Unicoin, the SEC “plucks snippets of communications and distorts their meaning and context; treats routine financial projection and optimism as fraud; and ignores Unicoin’s sober warnings about risk.” 🍞🎭
Like the popular kids Bitcoin and Ethereum, XRP decided to have a little meltdown starting at $3.0850. It took a nosedive past $3.0650 and $3.050, basically ghosting any hope of a rebound.
A Bloomberg scoop revealed a peculiar offshoot in the verdant forests of Malaysia, or lack thereof-the Forest City, where crypto meets citizenship under one roof. 🎩✨
Apparently, this is all about “blockchain payment transformation” which, to me, sounds like someone took all the buzzwords from 2017 and just threw them at a wall. Global supply chains, you see, are apparently *dying* for a little disruption. And blockchain is here to save them. Or something.
In news more trustworthy than your group chat’s crypto advice, TopMob reports Falcon Finance launched a $10 million insurance fund in their USD1 stablecoin. Why? For glorious things like “transparency,” “risk management,” and, presumably, fewer panic attacks when crypto does what crypto does best (which is, you know, sudden financial interpretive dance performances).
According to the oracles at XRPSCAN, a staggering 11,729,984 XRP tokens have been shackled in the automated market maker (AMM) pools of the XRPL as of August 28. A number so precise, one might suspect it was plucked from the dreams of a mathematician. 🤓 But precision, alas, does not equate to prosperity. The liquidity, once a roaring torrent, has dwindled to a mere trickle, reminiscent of November 2024-a time so recent, yet so distant in the annals of crypto chaos. 🕰️
Fiat currencies clutch their pearls, stablecoins cling to relevance, and billionaires, ever adaptable species, scuttle across the floor, flipping their fortunes into crypto like poker chips. Unlimited money printing-the source of many a champagne brunch-becomes a tale for grandchildren. Bitcoin, announces Balaji (with a twinkle that might be madness), emerges as the “government of governments,” a bureaucrat’s worst nightmare in code-unconcerned with passport colors or presidential hairdos.
Since the twilight of the 20th century, intrepid Americans have been permitted to traverse the digital bazaars of registered offshore platforms, a practice as old as the FBOT registry itself. Acting CFTC Director Caroline Pham, with the solemnity of a prophetess, proclaimed:
It was a dance of numbers, worthy of Moscow salons: the technical model depicted DOT tiptoeing to the support at $3.81, then-after a dramatic pause-marching upward to $4.02. Volume: 4.6 million, the sort of sum that would make a 19th-century banker faint with pleasure (or terror). 🍸
