Cryptonews

Bloomberg reported on Sept. 1 that South Korea’s retail army has turned its back on Tesla faster than a cat fleeing bath time. August saw a record $657 million exodus from Tesla shares, while crypto-linked equities became the shiny new toy everyone wants under the Christmas tree. This marks Tesla’s largest monthly outflow since early 2019, contributing to an overall $1.8 billion retreat over four months. And yet, despite this betrayal, Tesla remains the top foreign stock among Korean traders, who still hold about $21.9 billion in the company. Nvidia and Palantir? They’re trailing far behind, like extras in a blockbuster movie. Even the leveraged Tesla ETF-which offers double exposure to Tesla shares-saw record redemptions of $554 million last month. Truly, the age of loyalty is dead. 🪦

Benjamin Cowen, herald of crypto wisdom, has decreed that after August’s all-time high bluster, ETH shall retreat into its emotional shell, whispering, “I think ETH will drop back to its 21-week EMA.” A real thrill ride. Quite the rollercoaster, and so many heads will surely turn crimson with rage, yet it’s been the whisper from the shadows since April, when ETH decided to go ‘home’-which in crypto-speak means crashing down to under $1,500, a sort of digital tantrum.

Verily, they propose to funnel all protocol fees-plucked from Ethereum, BNB Chain, and Solana like ripe cherries-into buying back their own WLFI tokens, only to toss them into the fiery abyss of a burn address. 🔥💰 A most theatrical solution to a most modern problem!

“What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10-30% corrections and consolidations?” Bitcoin analyst PlanC speculated in an X post on Sunday. *A drama-free affair, I daresay.* 🎭

In a proclamation shared on X (formerly Twitter), the analytics firm Glassnode has unveiled the latest saga in the weekly inflows of US Bitcoin spot ETFs. These “spot ETFs,” dear friends, are but vessels for the timid investor-a regulated gateway into the wild frontier of cryptocurrencies. No longer must one wrestle with the arcane mysteries of digital wallets or exchanges; instead, they may dip their toes into the crypto waters from the comfort of their armchair. Ah, progress! 🛋️

On August 29th, the digital bond made its debut in both the Shenzhen and Macau markets. This marks the first instance of security tokens backed by a public blockchain being traded on conventional stock exchanges.

And oh, how crucial is this little acrobat’s appearance! It could mean that the buyers are starting to take control from the sellers, which is as exciting as finding a chocolate factory in your backyard! 🍫 More importantly, XRP is currently floating just above its 100-day moving average, a magical line that has often acted as a trampoline for this coin in the past.

Sun’s role transcends that of a mere investor; he is a captain steering the Tron vessel through the turbulent seas of modern finance, with backing that even the highest echelons of government have acknowledged – notably, Donald Trump and his kin. For Sun, the game is not short-term greed but a grand orchestration to align crypto with the corridors of power, politics, and commerce, hoping to transcend the shallow realm of speculation and touch the fabric of societal transformation. Ah, the sweet scent of ambition! 😏

For the past few weeks, SHIB has been trapped in a support area that has marked turning points more times than a political candidate’s promises. The token is currently trading near $0.00001238, almost glued to the $0.00001159 level, which has served as a support point since last September. This pattern has been as predictable as a sitcom plot twist.

Running on Ethereum (because of course it is, what’s a crypto without some blockchain magic), WLFI shot straight into the big leagues faster than you can say “Bitcoin who?” Within hours, it was rubbing elbows with the giants-and by giants, I mean the 27 largest currencies. Current market cap? A casual $5.38 billion-a figure that probably made some millennials choke on their avocado toast. And it’s trading at a-wait for it-$0.2184. Nice, right? 📉