Alas, 90% of our beloved top ten cryptocurrencies are draped in the somber hues of red. Experts, those wise sages of the digital realm, point their fingers at the July Producer Price Index (PPI) report as the villain behind this tragic tale.
Her remarks, a scalpel to Treasury Secretary Scott Bessent’s balloon animal of a Bitcoin Reserve, arrived like a thunderclap in a room full of deaf people. The “Strategic Bitcoin Reserve,” a program birthed under Trump’s March Executive Order, envisions a future where the U.S. government builds crypto wealth not by printing money, but by repurposing seized assets. A revolutionary concept, akin to baking a cake without flour-just ask the cake.
So, it briefly outshone Bitcoin (🎉 party!), climbed past a few more arbitrary price points, and then got a bit ambitious and tested $4,780. It peaked, it corrected, it retraced – it’s basically living its best financial life. The 23.6% Fib retracement level is apparently important, or something. Honestly, these numbers are starting to blur. 🤔
Ce savant travail, dirigé par le fameux économiste Murray A. Rudd – qui doit absolument avoir une boule de cristal – utilise un modèle de probabilité tout neuf pour examiner comment la contrainte d’offre et la demande institutionnelle pourraient faire grimper la valeur de cette fameuse pièce, aussi inconstante qu’un chat en pleine chasse aux papillons.
The shopping list? Mining rigs (AKA: glorified space heaters), plus some XRP, BTC, ETH, SOL, LTC, USDC, and DOGE. That last one’s a Shiba Inu meme people keep trying to make into actual money, but don’t worry, your grandma’s coin purse is safe. 🐶💸
Remember Project Guardian? Launched in 2022, it was the sort of thing that made grown-up financiers whisper excitedly about “decentralized finance” and “tokenized assets.” Fast forward to today, and it’s no longer just a playground for experiments. Public blockchains are now the new black, allowing institutions to weave tokenized finance into their operations like a fancy silk thread in a suit. 🧵✨
So, Btc Turk, in a classic display of bravado, insists that all is well-“precautionary measures,” they call it-while their wallets chill in the cold. Yes, dear reader, the cold wallets, sleeping peacefully while the hot wallets try to fake out the burglars. Meanwhile, they assure everyone via their usual “trust us” message on X that their fortress is impregnable. How comforting! 🏰
Folks in the crypto crowd blinked, wondering if Bessent’s speech was a kind of political slapstick, or just him being him-baffling, unpredictable, and famous for walking the line like a tightrope walker with no safety net. Someone even quipped, “You’re all over the place dude,” which perfectly sums up the mood-cryptocurrency fans spinning faster than a roulette wheel at the county fair. 🎡
So, who exactly threw money at Mesh this time? Well, let’s start with the obvious: Paypal Ventures. Oh, and don’t forget about Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures. It’s like the Avengers, but for crypto payment platforms. Mesh’s technology is behind Paypal’s “Pay with Crypto” service, so it seems like things are moving fast in this space, right?
The Skale (SKL) token, once a mere mortal in the crypto realm, has now transformed into a celestial being, surging by 170% and becoming one of the best-performing coins this week. The surge was accompanied by a high-volume environment, with its 24-hour trading volume skyrocketing to $780 million, surpassing its modest market capitalization of $280 million. Oh, what a spectacle!
