Just hours ago, the oracle whispered of a staggering transfer-968 BTC, a treasure worth $106.44 million, was sent forth into the bustling bazaar of Hyperliquid, a crypto exchange where fortunes are made and lost in the blink of an eye. The Bitcoin was swiftly exchanged for ETH, as if the trader were a magician pulling coins from thin air.
Ali, the chart bard (@ali_charts), sings of the head-and-shoulders pattern that dances on XLM’s daily chart, a classic tale of woe and wonder. By the rules of the universe, this formation often heralds a bearish dip-but wait! There’s a twist! Should this right shoulder rise and the neckline at $0.45 be breached, the mighty bullish breakout may unleash itself! A cascade of reverie from $0.35 to $0.55, now the price twirls gracefully, perhaps preparing to kiss the sacred support at $0.35 again.
In a move that screams “I’ve definitely got this under control,” Lee took to X (formerly Twitter, formerly the place where people said interesting things) to suggest that Ether was about to stabilize after a $200 billion market-wide meltdown. Yes, you read that right-two hundred billion dollars evaporated faster than a puddle in Ankh-Morpork during a heatwave. Meanwhile, Fundstray’s Mark Newton chimed in with some optimism, claiming the current levels are a golden opportunity. Apparently, if ETH can cling to $4,300 like a cat to a windowsill, we’ll see prices rebound toward the $5,100-$5,450 range.
The latest filing suggests that shares of this trust will grace a US national exchange-but alas, Bitwise hasn’t quite decided which stage to strut them upon. The document waltzes through the usual creation and redemption dance, mentioning both in-kind and cash transactions via a charmingly named “Trust-Directed Trade” system, all overseen by the prime execution agent, naturally. 🍸
Some ex-banker, calling himself “@LordBelgrave” (sounds like a spy movie villain), drops a nugget about leaking Ripple’s NDA involving UBS. The kicker? They’re talking about “Biometric Identity Mapping.” Yeah, connecting your face, fingerprint, whatever, to your bank account. Because, apparently, XRP’s not just about moving money anymore-they’re building the ultimate identity surveillance system. CEO Garlinghouse was warning us about government control, but surprise-this seems to be the real game. Healthcare? Already hooked up. Six thousand pharmacies will be accepting XRP, because what could possibly go wrong?
Yet, the shadows of uncertainty gathered, for the Binance Estimated Leverage Ratio (ELR) on ETH had climbed to dizzying heights, whispering of audacious bets and impending turmoil in the market’s theater. 📉
On August 25, XRP clung to a precarious perch near $2.92, just above the crucial support levels of $2.86-$2.88. The ceiling, however, remained stubbornly fixed around $3.05-$3.12, creating a symmetrical triangle on the four-hour chart that seemed to mock the patience of traders. Analysts, with their usual blend of caution and optimism, noted that this compression was a delicate dance between bulls at the base and bears lurking overhead.
The native cryptocurrency of Pi Network, once a proud steed, now limps like a lame donkey, its price plunging to $0.33, the lowest since the dawn of time. Its market cap, once grand, now dwarfs only the ambitions of a beggar, at $2.6 billion. A tragedy fit for Gogol himself!
Crypto Banter, that modern prophet of financial chaos, yells into the void about coins lurking in the shadows, waiting for their moment to dazzle or devastate. It’s as if the market itself is a madman, muttering promises of glory before plunging into eternal night.
As reported by the esteemed chronicler SoSoValue, the ETFs-once forsaken like a dowry-less debutante-found favor once more. This followed a six-day exile of outflows, during which investors fled as if escaping a poorly ventilated ballroom. 🏃💨
