The weekly SMA 50, that erstwhile stalwart of the SHIB chart, has turned downward, and now threatens to cross beneath the weekly SMA 200, a signal of doom and gloom, if ever there was one. And thus, we must prepare ourselves for the possibility of a bearish trend, unless, of course, the market decides to reverse its course, which, as we all know, is as predictable as a lady’s whims at a ball. 💃
“The greatest bull case for the ETFs has been the grand unlocking of RIAs in 2025,” Seyffart proclaimed, like a man who had just discovered the secret to everlasting life. “At the moment, the majority of assets are trapped in that perplexing middle zone, where, if a client asks about buying a Bitcoin ETF, the adviser can act – but can’t, heaven forbid, initiate the recommendation.”
This theory, much like a debutante at a high-society ball, has captured the attention of the community, amidst the recent bullish developments. But, dear reader, let us not be swayed by the whims of fancy; let us instead don the cloak of skepticism and subject this claim to the cold, harsh light of scrutiny. 🔍
According to the official press release, which was as detailed as a farmer’s almanac, the over-the-counter crypto platform planned to use the funds to grow and expand its team, much like a farmer might plant more seeds in anticipation of a bountiful harvest. The goal was to meet the rising demand from institutions that were looking for a safer way to trade, one that didn’t involve leaving their hard-earned crypto in the hands of exchanges that seemed as stable as a house of cards.
Currently pirouetting around the $2.85 mark, Sui has demonstrated a remarkable resilience, bouncing off its $2.29 support zone with the elegance of a prima ballerina 💃. This rebound has allowed the token to maintain a firm foothold above the critical moving averages, including the 5-period and 60-period MAs on the 4-hour chart 📊. According to the astute crypto analyst @the_wolf_mind, this price “coil” around $2.85 is often the precursor to a significant directional move, suggesting that Sui’s volatility may soon give way to a decisive trend 🔄.
What’s fueling this glorious circus? Well, a cocktail of amateur excitement, gleeful whales doing as whales do (probably with monocles), and each coin’s own attempt at ecosystem “growth.” Of course, all this opera plays out on a stage where most altcoins can barely muster an understudy. Honestly, it’s peer-reviewed theater at this point.
In an interview with the FT, Simon Gerovich, the CEO of Metaplanet, revealed the company’s plans to accumulate as much Bitcoin as possible, a strategy that can only be described as “buy, buy, buy, and then buy some more 🤯”. The goal, it seems, is to use this wealth to acquire “cash-generating businesses”, a phrase that sounds suspiciously like a euphemism for “printing money 💸”.
This surge shows Sei’s capacity to compete with prominent blockchain networks such as Ethereum and Solana while solidifying its standing in decentralized finance (DeFi).
In a recent tweet, Garlinghouse announced that he feels as honored as a knight being knighted by the king to speak directly to the lawmakers about why the U.S. needs proper rules for digital assets. He also took a moment to thank the noble senators Tim Scott, Cynthia Lummis, and Ruben Gallego for leading the charge and supporting crypto-friendly rules. 🛡️📜
How did they do it, you ask? Well, it’s all thanks to their 145% increase in operational hashrate, which jumped from 20.4 EH/s to 50 EH/s over the past year. CEO Zach Bradford credited the achievement to recent infrastructure expansions across four U.S. states and called it a “9.6% increase from the previous month.” Talk about a boss move! 😎