So, Cardano’s having a moment-or, let’s be honest, a meltdown. On-chain data’s screaming that average returns are in the gutter, and ADA’s price is acting like it’s stuck in a bad rom-com. Spoiler alert: the plot’s thickening.
Aptos (APT) trades near $1.03 today, its price rising 8.57-10.20% over the last 24 hours, according to CoinMarketCap. The 24-hour trading volume stands at roughly $238.56 million, a surge driven by what CMC calls a “high-conviction volume surge.” Spot trading volume has jumped 175.51% to about $204.96 million, far above its 7-day average. Yet, like a farmer eyeing a single green sprout in a barren field, this bounce is but a flicker in the darkness. APT remains 94% below its all-time high of $19.90, a reminder that even the mightiest oaks were once little nuts who held their ground.
A New York Times report, highlighted by The Kobeissi Letter, indicates that Saudi Prince Mohammed bin Salman urged former President Trump to keep fighting the war in Iran.
Brett Tejpaul, Coinbase’s (COIN) head of institutional, proclaims with the gravity of a prophet: “The second wave is here.” Yes, it is happening-a tidal shift from speculation to the mundane pursuit of income. How the mighty have fallen… into the arms of yield.
According to information from Bubblemaps, there could be at least one other important person involved, in addition to the one recently arrested in Israel.
18 Wallets Scoop Up $79.7M in LayerZero $ZRO A group of eighteen large wallets has quietly collected around $79.7 million worth of LayerZero’s ZRO token, which makes up a substantial portion of the tokens currently available. Data from Nansen shows these purchases happened in two main bursts and were made through institutional platforms like Coinbase … Read more
It must be noted that Ethereum’s price has gallantly ventured into what some may term a “buy zone,” following the MVRV ratio’s descent below 0.8, a figure most reminiscent of the lowly market bottoms of yore.
Yes, dear reader, you heard it right! Kalshi intends to snip the betting ambitions of professional and collegiate athletes, coaches, and officials right at the bud, much like a well-meaning gardener with a pair of the sharpest shears. And let’s not forget our beloved political candidates; they too will find their trading privileges as elusive as a politician’s promise in an election year. Axios had the gall to break this news on a mundane Monday, shocking the world more than your uncle’s third marriage announcement.
Yet, amidst this apparent surrender, Bitcoin’s dominance falters, its grip weakening like a tired tyrant’s. It consolidates, hesitates, and in that hesitation, a spark of hope flickers for the downtrodden altcoins. Could this be the moment they rise, not as rebels, but as heirs to a throne long monopolized?
During a speech on March 23rd in Brussels, Cipollone explained that a digital form of central bank money is essential to reliably settle transactions involving tokenized securities, deposits, and stablecoins. He cautioned that without this, businesses could be stuck receiving payments in assets they don’t want due to fluctuating prices or concerns about the issuer’s financial health.