Within 24 hours, Ethena [ENA] plummeted 7.75%, wiping out nearly half its 30-day 15% gains. Smart Money, however, quietly built its fortress, whispering secrets of a deeper tale behind ENA’s latest chaos. 🧙♂️📉
Nate Geraci, the president of ETF Store, observed that the filings arrived in clusters, as if the issuers were following a script written by the SEC itself. 📜 Canary, Franklin, VanEck, Grayscale, 21Shares, Fidelity, and Bitwise-each a player in this grand performance, hoping the regulator will nod in approval. 🎭
Across the great digital frontier, the bandits are evolving their tricks, leaving even the cleverest crypto folk scratching their heads and mumbling, “How’d they do that?” It’s sort of like trying to catch a greased pig while riding a unicycle-almost impossible and terribly messy.
This unprecedented endeavor positions Sonic Labs among the first of their ilk to pursue regulated financial products while maintaining the quaint charm of decentralized governance. A most peculiar venture, indeed! 🧠
And get this: Binance said they’re planning to dump over one billion pesos – that’s about $53 million, just in case you’re wondering – over *four years*. Four years! What’s that, like the price of a Hollywood divorce? Their grand plan? Make digital services “more accessible and affordable” in a country with more than 125 million people. Because, sure, nothing screams “affordable” like a billionaire investment from a crypto giant swimming in volatility.
WLFI’s first session features brisk activity around the quarter-dollar mark after the early high, with intraday action consolidating near $0.25 by midafternoon New York time. Exchange support spans major centralized venues, where spot pairs include WLFI/ USDT and WLFI/USDC, and in some cases, other fiat-adjacent pairs. Deposits are live across most platforms, with withdrawals set to open Sept. 2, according to launch details shared alongside the listings. 🕒
Ah, the Trump family and their ever-growing foray into the world of crypto-how utterly predictable. Their latest gem, the WLFI token, is the subject of much ado, as it is embroiled in a deal with trading platform Alt5 Sigma. Naturally, this all comes right after Alt5 announced a grand $1.5 billion crypto treasury strategy, because, why not?
At the time of writing, WLFI is bobbing along at a modest $0.2399, marking a 4.97% increase over the last 24 hours, with a trading volume that would make a commodities trader weep with joy at $2.49 billion. Despite the selling pressure, WLFI has managed to secure the 25th spot among crypto assets by market cap, a testament to its liquidity if not its stability.
Kraken, darling, is no ordinary exchange. It’s the Versailles of crypto-elegant, prestigious, and frequented by those who take their blockchain very seriously indeed. A Kraken listing would not only lend Pi an air of respectability but also allow its pioneers (finally!) to trade their holdings in a regulated environment. Imagine the thrill of watching your Pi Coin flutter like a debutante on her first ball night. Of course, it would also open the floodgates to institutional money, turning Pi from a community-driven experiment into something slightly more… grown-up. But let’s not get ahead of ourselves; maturity doesn’t suit everyone. 😉
So, Hedera’s darling, the HBAR token, found itself in a bit of a pickle as those institutional bigwigs decided they’d had enough of holding, and started to offload. The token wobbled from highs of $0.23 down to lows of $0.22, like a drunken sailor on a turbulent sea, with more than 110 million tokens doing the cha-cha during the late-night trading hours-oh, the glamour! Market makers, in their infinite wisdom, tried to keep the show going around $0.21-$0.22, but resistance just sat there like a bored chef waiting for the soufflé to rise-no dice. For the record, despite the gloom and doom, Hedera’s still nurturing its enterprise dreams, with a respectable market cap close to $9.5 billion and a daily volume that dropped a sad 46%, hitting $172.85 million-like a sun-dried prune in the fruit basket.