So, the AI-focused NEAR token was having a grand old time, rallying 10% and whatnot, but then traders were all, “You know what? We’re good. We’re just gonna take our profits and go home đ .” And, just like that, the rally was over.
Ah! Cast your gaze upon this oddity: the unruly Bitcoin, erstwhile enfant terrible, is lately becoming less tempestuous than the S&P 500, that stately old dowager of Wall Street. Once notorious for boiling volatility, Bitcoin now simmers as gently as a pot of weak tea at a pensionerâs brunch.
In the world of bitcoin futures, traders make agreements to buy or sell BTC at a predetermined price on a future date. A key metric, open interest (OI), reflects the total value of active, unsettled contracts. As of now, total bitcoin futures OI stands at 699,230 BTC, valued at $76.21 billion – that’s a lot of capital committed to these futures bets!
The price of XRP, that darling of digital currencies, managed a mere 3% increase after the news. A modest rise, indeed, which only serves to highlight the fact that a banking license, should it be granted, does not directly enhance XRPâs utility or legal standingâat least not yet. How thrillingly unexciting!
After months of sideways actionâ$2,300 to $2,500, like a hamster on a wheelâEthereum finally woke up from its nap. And Tuesday? Oh, it was like watching someone find the last donut at the office: ETH shot up to $2,600. The best part? It decided to park above the 50-day and 100-day Simple Moving Averages, which, in case you didn’t know, is a fancy way of saying “ETH is feeling itself.” đââď¸
As bitcoin hovers near a fresh all-time high, BONK is leading the major altcoin rally. Because who needs actual value when you can have a funny dog picture? đś
Ever the debutante, Solana whirled into Wall Streetâs sterile ballroom with a U.S.-listed staking ETF, ticker $SSKâanointing a new chapter in the ledger of crypto absurdities. On its opening night (the ball! the drama!), Bloombergâs own zachpumpit reported $33 million in volume. Not the kind of number to inspire sonnets, but surely enough to ruffle conservative suits in their ergonomic thrones.
Yeah, the chart says volume is steady. Itâs like February all over again, for better or worse (probably worse).
On the eve of momentous news (or yet another fireside chat, which sometimes passes for news in crypto circles), Robinhood shouted on X about how Ethereumâs own Vitalik Buterin, Johann Kerbrat (lord of Robinhood Crypto), and A.J. Warner from that mystical cabal, Offchain Labs, would gather like Russian uncles with strong teaâonly with more blockchain jargonâon Monday. Picture a samovar, only it dispenses crypto press releases.
