It was Deebeez, a security researcher from Venn Network, who first waved the flag on this debacle, making a post on X (formerly Twitter) to enlighten us all. Apparently, Coinbase’s corporate wallet, in a spectacular display of trust, decided to engage with 0x’s “swapper” contract, which, as the name suggests, is a tool for executing swaps, but not, you know, receiving token approvals. Who would’ve thought?
In the wake of this brave new bull move, a sense of optimism has rippled through the meme coin universe, with Shiba Inu ($SHIB) now eyeing the tantalizing $0.00002 mark. It too has decided to make a bold statement with its breakout-possibly triggering a spike in enthusiasm that could be rivaled only by a cat video going viral.
Anyway, this whole optimistic vibe has made some companies, shall we say, *bold*. Thumzup Media, a company I’d never heard of before (but which apparently has “strong political ties” – always a good sign 🙄) has decided to throw a hefty $50 million at the whole crypto thing. Fundraising, mining operations, the whole shebang. A bit much, isn’t it?
Cardano (ADA) has finally moved above a descending trendline that had been holding it back since late 2024. 📈 This move came with a weekly gain of over 22%, which helped ADA surge to just over $1. The trendline break appears on strong volume, showing firm activity around this level (because momentum is everything).
“ETH is *the* macro trade for the next 10 to 15 years,” gushed Fundstrat’s CIO Thomas Lee, probably while sipping a latte and staring at charts. “AI is turning the blockchain into a token economy, and Wall Street’s jumping on the bandwagon like it’s the last helicopter out of 2008.” 🚁💼
Following a most unseemly tumble, Cardano found solace near the seventy-six and a half cent mark – as Bitcoin and Ethereum, in their wisdom, also did. And lo, it conquered the eighty and eighty-five cent strongholds!
Yet, as the sun rose over the Nasdaq, the investors, those fickle souls, did recoil in horror, their collective spirit crushed beneath the weight of a stock price that plummeted with the grace of a fallen angel. A tragedy, nay, a calamity, for the shares of ALT5 Sigma, once soaring near $20, now languished at a mere $6.60, a spectacle of despair. 📉
Now, these chaps aren’t just mucking about with any old mining rig, oh no. They’re planning to deploy their capital toward what they call “advanced, energy-efficient Bitcoin mining infrastructure.” Sounds frightfully impressive, doesn’t it? Though one can’t help but wonder if it’s just a fancy way of saying they’ve got a newfangled machine that doesn’t guzzle as much electricity as the old ones. Still, hats off to them for trying to keep the planet from turning into a giant sauna. 🌍🔌
Whoart thou, Thumzup? Originally a modest platform promising young influencers the hope of free protein powder in exchange for their immortal souls-sorry, “brand exposure”-it has of late discovered that nothing warms investor hearts like the word “Bitcoin.” The fit was natural: if you can puff mascara, surely you can pump crypto, and with far fewer ingredients to list on the label. 😉
