Crypto News

Bloomberg ETF analyst Eric Balchunas reported that Bitwise is utilizing Section 8(a) of the Securities Act, which allows registration statements to become effective automatically unless the SEC intervenes. This development occurs amid subdued DOGE prices, highlighting a disconnect between market performance and institutional adoption. Translation: “The grown-ups are here to play, but the party’s already over.” 🥂📉

The market watches $XRP with the detached curiosity of a man observing a dying fly. Its 10.26% drop is a mere footnote in the grand opera of crypto chaos. Yet, its $133.75B market cap remains a testament to the human capacity for delusion.

Yes, you heard it right. The ever-adventurous digital asset manager Bitwise has gone ahead and filed that all-important 8(a) form for its Spot Dogecoin ETF. Now, what’s an 8(a), you ask? It’s just a procedural move that means the ETF will be automatically qualified for listing-unless, of course, the SEC has something to say about it. The clock is ticking, and if they don’t intervene within twenty days, prepare for liftoff!

The whole adventure kicked off with a mysterious pattern at $1.952. Then, like clockwork, algorithmic software, those soulless robots, swooped in near the major $1.93 support band, followed closely by large traders, probably trying to pretend they’re capitalizing on something smart!

In the quiet halls of Japan’s Financial Services Agency (FSA), a whisper has grown into a declaration: a pilot project for a stablecoin, tethered to the venerable yen, shall come to pass. MUFG, SMBC, and Mizuho, those pillars of fiscal prudence, have joined hands in this endeavor. A momentous occasion, indeed, for the financial tapestry of Japan, though one wonders if the yen itself feels the weight of such innovation. 🧐

This isn’t just some fluke, people. No, no, no. FIL is breaking out like it’s got something to prove. It smashed through a key resistance level, giving us all a big, fat ‘look at me now!’ moment. 🔥

The total market cap has shriveled by about 2% to a mere $3.4 trillion. Bitcoin, the granddaddy of crypto, is lounging around $101,832, down 1.9% in the past day. Ethereum, ever the drama queen, slipped 3% to $3,337. XRP took a 5.5% tumble to $2.20, while BNB is holding on for dear life at $964, down a measly 0.3%. 🪂

Lista DAO hit the panic button with emergency proposal LIP022, liquidating faster than I liquidate my Netflix queue. Almost done, they say. Sure, Jan. 😏

Market conditions have been keeping XRP a little too chilled out for our liking, but, in a plot twist no one saw coming, it seems like some consolidation might be the setup for a dramatic rebound. Or it could be the cosmic equivalent of a cat stretching before it jumps on a mouse. We’ll see.

Trading volume surged as HBAR tested its $0.1688 support level, spiking 32% above the daily average to 63.6 million tokens. That burst of activity was followed by a sharp rebound, hinting at either renewed institutional buying interest or just a bunch of whales playing ping-pong. 🐳🏓 Resistance around $0.1770 kept earlier gains in check, while selling momentum fizzled out like a forgotten soda. 🥤💨