In a recent chat with CNBC, Paul Ciana, the head of fixed income, currency, commodity, and equity technical research at BofA, reckons the S&P 500 is about to take a little jaunt up the hill. He says, “Yes, the S&P 500 is getting a tad overbought, and we’re spotting a few signs of tactical weakness. But hey, that’s just the market’s way of saying, ‘Hold my beer, I’m about to do something crazy.’” 🍺
Solana (SOL) has broken out of an ascending triangle. The price cleared the $166 mark, which is the 1.272 Fibonacci level. Traders now watch for the next levels at $171, $179, and $185. The structure shows rising lows and growing volume, which supports the move.
So, what happened? Well, 1INCH (yes, that’s the name) recently went full-on superhero mode with a parabolic rally, coming hot off the heels of a years-long saga of tight confinement at around $0.16–$0.18. Apparently, strong volume is the magic potion that made it all happen. Who knew? 🧙♂️✨
This delightful performance is not without its audience, as interest in newer Layer-1 networks, promising scalability, low latency, and institutional-grade infrastructure, continues to rise. Let us, dear readers, delve into the key drivers behind this comedic rally and where these prices might be heading next. 🎭
So, earlier today, TopMob reported on our friend the whale who just loves shuffling Bitcoin like it’s a deck of cards. Remember that 80,000 BTC move just ten days ago? Yeah, me neither, but apparently it’s now been consolidated into wallets like they’re some kind of crypto collector’s edition! One wallet’s even holding an extra 9 coins—what is this, a slot machine? 🎰
On the 8th of July, OpenSea made a rather grand announcement, one that would have made even the most jaded of crypto enthusiasts sit up and take notice. They’ve acquired Rally, a mobile-focused token trading platform, in a move that’s as bold as it is necessary. The plan? To create an “onchain everything app” that will, quite frankly, change the game. 🎲
Buterin’s epiphany is that L2s should be stripped bare, their logic reduced to the simplest of functions: sequencing and proving 🔍. No more unnecessary complexity, no more redundant code. Let Ethereum’s L1 handle the heavy lifting, providing security, censorship resistance, and data availability 💪.
In the coming days, US lawmakers will consider the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. All three bills signal a significant step forward for the industry.
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Amidst the recent consolidation, a phenomenon as common in the crypto space as a cat in a sunbeam, this sideways dance in ADA appears more like a strategic pause than a dramatic reversal. 🕺
