Verily, the tweet, though naught but a greeting, stirred the cauldron of emotions, evoking nostalgia for bygone days and outrage at the very mention of his name. Even from the confines of a cell, the architect of FTX’s ruin, that tragic hero of the blockchain, still commands the attention of the masses. 🕊️
The air was thick with the odor of caution on Tuesday, Sept. 23, as the crypto markets continued their lamentable descent. Both bitcoin and ether ETFs extended their losing streaks, with investors fleeing like debutantes from a scandal. Despite the bustling trading volumes, the appetite for inflows was as absent as good taste at a nouveau riche soiree. 🎭🚫
Right now, SEI’s price is hovering just below $0.30 like it’s waiting for someone to give it a little push-but nope, rejection city. The short-term vibe? Let’s just say it’s like trying to convince your parents that cryptocurrency is “totally a thing.” The supply overhang is heavy, traders are eyeing their wallets nervously, and momentum’s got the hiccups.
Ripple’s RLUSD, the stablecoin that somehow still exists, has slithered its way into BlackRock and VanEck’s tokenized funds. Investors can now redeem shares for RLUSD-because who wouldn’t trade Wall Street’s paper promises for crypto’s paper promises? 📜
The report suggests that long-term holders in this cycle, much like those who hoard a peculiar collection of old cowboy boots, have realized more profits than ever before (except for once) and sent woeful sell-side signals along with dwindling capital inflows.
The token swung between $0.8124 and $1.21 in 24 hours-because consistency is overrated. Market cap? A cool $322 million, or roughly the cost of one decently sized yacht. Will FTT soar or collapse? Who knows! But let’s pretend we do, shall we? Join me in this delightful exercise in futility.
The pact, inked with the pomp of a silver screen premiere, aims to make stablecoins more popular than the latest K-pop sensation, usher in a cornucopia of DeFi delights and bolster the teetering confidence of global investors. Can’t say I don’t admire the ambition! 😎
Investors, with the audacity of a poet who finds beauty in a puddle, have transformed this abyss into an opportunity. They sip their lattes, chuckle at the chaos, and whisper, “Ah, the perfect entry point!” as if the market were a chessboard and they, the smug victors.
Oh, but wait-there’s always someone bigger, brighter, and sillier in the crypto carnival. Enter Bitmine Immersion Technologies (BMNR), claiming the title with over 2.4 million ETH-roughly 2% of the circulating supply, or enough to make the most hardened financier sweat. FG Nexus, ever the ambitious underdog, is shooting for a mere 10% stake-because why aim for the moon when you can settle for the entire galaxy? Just last week, they added 285 ETH, eyeing Ethereum’s $4,200 market price like a cat eyeing a laser pointer. 🐱✨
