Cryptonews

Migration in Pi’s universe is like moving your stuff from a cramped, poorly-lit attic (the enclosed testnet) to a shiny, spacious living room (the live mainnet), where you can actually use your fancy new tokens. The first migration was like the big opening of a grand hotel. It helped early adopters move their balances over and proved that the Pi network could, indeed, scale. But-*cue dramatic music*-those referral bonuses and KYC-pending balances? Yeah, they didn’t quite make it. Oops.

This initiative, so bold and so fraught with the promise of revival, seeks to breathe new life into a tourism sector that has been sorely afflicted by the absence of the once-mighty Chinese visitors. Yet, let us not forget the solemn oaths of security and regulation that accompany this venture. Tourists, before they may indulge in the delights of crypto-to-baht conversion, must first subject themselves to the rigorous rites of Know Your Customer (KYC) procedures, a ritual designed to ensure that only the purest of souls may participate in this sacred exchange.

If you’re thinking about buying anything during this phase of the bull market, let me remind you: no guarantees here, folks. None. Zero. Zilch. Remember the last bull run in November 2021? That ended with people trapped at the top like rats on a sinking ship, waiting for some mythical “blow-off top” that never showed up. And now we’re back in another critical phase-because apparently, we enjoy emotional roller coasters.

Bitcoin (BTC) is currently trading at $115,300, down 2% in 24 hours and 6% since last week. Four days ago, it reached $124,300, which is impressive if you ignore the fact that now it’s just “meh.” The 7-day range is $115,355-$123,780, which sounds like the price of a decent used car. But hey, at least it’s not a Tesla. 🚗

This shadowy decline suggests a significant hoard of stablecoins lies dormant on Binance, simmering with the latent intent to flood the markets. Indeed, he who controls the stablecoin can often control the chaos.

Apparently, according to the venerable sages at Santiment, Ethereum’s recent antics are not just coincidence. No, no-it’s a grand chess game where traders, lurid with greed, gobble up Bitcoin during a “market correction,” as if it’s the last slice of pizza at a party. Meanwhile, Ethereum, the quiet genius, keeps performing better and better, despite the crowd’s apparent indifference-perhaps because everyone else is busy losing sleep over that other coin that shall not be named.

Bitcoin (BTC) has been dancing within a multi-month “upward” channel, occasionally taking a breather like an athlete before the big game. BTC’s been above $100k for a glorious 56 days straight, proving it’s got more stamina than a caffeinated squirrel. 🐿️☕

On Monday, NFT Price Floor data showed that the total valuations of NFT collections plummeted to $8.1 billion, marking a 12% decline from last Wednesday’s market cap of $9.3 billion, which had soared 40% since July. It’s as if the market was on a rollercoaster ride, only to hit a sudden stop. 🎢

And the altcoins? Oh, they’re just following Bitcoin like it’s the cool kid at school. 🏫✨ Everyone’s bracing for more volatility because, apparently, the world can’t stop talking about Trump and Zelenskyy’s next coffee date. ☕🤝 Will they save the world? Will they spill the tea? Who knows. But one thing’s for sure: the crypto market is having a full-blown existential crisis. 🌪️💭

Enter the oracle, Doctor Profit-yes, that’s a real job, apparently-who declared on his nearly 425,000 followers that Bitcoin will twiddle within an 8% range until the leaves start falling. Sounds cozy, right? Nope. Then he drops the bomb: September will be “very red,” meaning more bloodshed than a butcher’s shop on a Saturday. Because what’s Bitcoin without a little chaos to spice up the portfolio?