qfx According to Ronghui Gu, a professor of computer science at Columbia University and co-founder of CertiK-a blockchain security platform that sounds like it should be guarding Fort Knox-hackers are like mosquitoes buzzing around a picnic. They only need one tiny opening, one weak link (usually human), to ruin everything. 🦟
Ah yes, the infamous “on-chain performance.” Turns out Sui’s blockchain activity has been as exciting as watching paint dry recently. According to Messari (whoever they are), average daily DEX volume grew 21% quarter-on-quarter to $368 million-but before you break out the champagne, let’s talk about the fine print. Platforms like Momentum skyrocketed 8,594%. Yes, you read that right: EIGHT THOUSAND PERCENT. 🚀 Meanwhile, FlowX Finance soared 1,548%. But hold your applause because Cetus, the so-called “largest DEX,” stayed flat at $170.7 million. Flatlining is not exactly what we call thrilling entertainment.
Traders, those clever and ever-eager mice, are sniffing the air for the elusive scent of a catalyst that will send this darling little digital hopper in a new direction. Yet, whispers of doom waft by: ominous bearish signals are gathering like storm clouds.
A market analyst, hailing from the curious marketplace known as Derixe.xyz, opined that “thou overstretched thine gambles écarlate, especially after Eth’s most recent ascent, coupled with the S&P’s nocturnal stumble down from its lofty perch, burdening all manner of risk-laden wares.”
Gathered on that fateful Monday, four emissaries from Kraken, alongside an august assembly from Wilmer Cutler Pickering Hales and Dorr LLP, faced the lawmakers. The topic? Tokenization-an idea so revolutionary it makes the old markets look like dusty relics. They spoke of turning assets into digital tokens, a seamless dance of legalities and promises, as if everyone could someday trade their grandma’s teapot or Uncle Bob’s lawnmower at any hour, thirty-six times a day, if they so desire. 🕒💸
Enter Doctor Profit, the market guru who’s been staring at charts like they’re the Rosetta Stone. 📈🔍 Ahead of the Federal Reserve’s September meeting (aka the financial world’s version of a soap opera), he’s waving his hands and shouting about technical indicators. Spoiler alert: they’re as bleak as a Monday morning without coffee. ☕😔
Oh, but don’t clutch your pearls just yet-it’s still lounging within its six-week sideways channel, like a bored socialite refusing to leave the party. How predictable.
But why, you ask? Why does this humble token dare defy gravity? Let us delve into the madness!
Andrew Ho and Ming Ruan, those sharp-eyed researchers, point out that RWAs, them new-fangled Real World Assets, are just sprouting like the first green shoots after a rain. $26 billion, they say, that’s all they got now, a mere speck compared to the vast plains of private credit, government bonds, and them shiny commodities. It’s like a land rush, they reckon, everyone scrambling to build their fences and claim their piece of this tokenized frontier. 🏇
Ah, the curious case of Bitcoin futures! Demand is rising like a loaf of bread in a warm oven, even as the price of BTC takes a nosedive, suggesting that traders are as engaged as a cat with a laser pointer. 🐱👤
