The same dread struck other trading arenas. A similar plunge was witnessed on Bitfinex to $0.30 and on Kraken to $0.42, though not quite as violently. Bears lethargically dragged it to $0.56 on Bitstamp, while Coinbase saw it dip to $0.6, now hovering near $0.65. 😏
Morgan Stanley, the financial behemoth that manages more money than you’ve ever accidentally left in a taxi, has flung open the crypto doors to all its wealth management clients. That’s right-no more elitist gatekeeping! Now, whether you’re a risk-loving adrenaline junkie or someone who still thinks Bitcoin is a type of breakfast cereal, you too can participate in the digital gold rush.
This zany maneuver flips the script on how public companies hoard their rainy-day socks-forget boring cash or yawn-worthy investments, Aurelion’s splurging on tokenized gold-those fancy digital chits, each swaggering like it owns one ounce of the real-deal gold bunkered in Swiss vaults. Like owning gold without the heavy lifting… or the heavy gold! 💰😏
Apparently, yes. Strong spot buying and a positive funding rate say, “Not today, Satan.” But let’s not get our hopes up-this is crypto, after all. 🎢
Here’s the tea: Canary’s charging a 0.50% sponsor fee for both ETFs, which is like, “We’re fancy but not *too* fancy.” A step down from their 0.95% HBAR and Litecoin fees-clearly, they’ve been shopping the clearance section. Bloomberg’s Eric Balchunas (aka the ETF whisperer) spilled that the Solana ETF includes staking but won’t share the rewards. Classic “I’ll take the cake and eat it too” move. 🍰
But beware, for there’s a twist! Structural fragility looms like a villain in this crypto tale.
The LINK price has been stuck in a downward spiral, hitting lower lows and lower highs like it’s trying to set a new record for pessimism. Ever since the August flop, the bears have been ruling the roost, with traders apparently losing interest-just look at that shrinking trading volume! And then there’s the resistance level, standing strong like a wall of indifference, laughing at LINK’s attempts to break through. So, while there’s talk of bullish dreams, it’s hard to shake off that nagging feeling that the worst might be yet to come.
The ominous $123K liquidation levels and Taker Sell Dominance are playing the role of buzzkill. Could they spoil the next big breakout? Stay tuned.
Yet, the soothsayers of the financial underworld-those modern-day augurs-predict that this retreat is but a prelude to a triumphant rally, with heights of $5,000 and beyond in their crystal balls. 🌟📈
Pavel Durov remarked that on his 41st birthday, he felt no compelling reason to celebrate, expressing a grave certainty that “our generation is running out of time to save the free Internet built for us by our fathers.” What was once a haven for free expression is rapidly mutating into a puppet stage for governmental control.
