Cryptonews

Ah, what a glorious third-place finish in the liquidation derby on Binance this year—XRP’s longs got wiped out with all the finesse of a clown tripping over his own feet! 😂

Bloomberg, that paragon of journalistic integrity, reports BitMine’s 566,776 ETH hoard (valued at $3,643.75 apiece). A staggering testament to faith—or madness. Tom Lee, BitMine’s managing partner, proclaims this a “long-term vision,” as if Ethereum’s future is a divine decree. The company, he claims, is hurtling toward ownership of 5% of ETH’s supply. A quest worthy of a tragic hero… or a fool. 😅

Ethereum’s [ETH] sharp breakout above $3,700 resulted in over $160 million in short liquidations on Binance. 📉 A most lamentable affair for those who dared to bet against the tide!

Yet, beneath this apparent chaos, the on-chain metrics whisper secrets of a possible reprieve. Exchange reserves, once swollen with tokens, now shrink like a miser’s heart at a feast. Whales, those modern-day tsars of the crypto seas, have been quietly amassing their treasures. And the ancient tokens, long dormant, now stir less—perhaps contemplating retirement or a quiet sip of tea. ☕🐋

According to Shady El Damaty, CEO of Holonym and expert in zero-knowledge cryptography, the World Network’s centralized infrastructure makes it particularly vulnerable to data leaks and exploitation. Given the project’s global reach, the consequences of such breaches can prove catastrophic. Because nothing says “trust us” like turning your eyeballs into crypto! 💸

On the sacred day of July 23, Hayes unfurled his vision on Substack, a digital parchment where the secrets of the universe are often scribbled. He paints a picture of a world where the United States, under the shadow of wartime economic policies, embarks on a grand experiment of credit expansion. This, he posits, will not only fuel “asset bubbles” but will do so with a particular fondness for cryptocurrencies, with Ethereum basking in the glow of this newfound favor.

Chalom’s LinkedIn, that modern-day scroll of CV gospel, claims he’ll “shape global strategy” for Sharplink’s public markets and Ethereum ventures. A noble quest, indeed, especially as BlackRock’s ETHA ETF galloped past $10 billion faster than a Cossack on Red Bull. 🏇

Solana (SOL) is skirting around the $181 territory after a slight slip of over 2% today. Yet, with a twinkle in its eye, the price has been inching up over the week. It recently broke free from the grips of an ascending triangle that had taken shape since the spring, and now stands at the gates of a retest.

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But let us not be too hasty in our judgments. For in the grand tapestry of technical analysis, the recent fall has done little more than cool off the short-term fervor, suggesting that beneath the surface, a more substantial bullish structure may be quietly taking shape. Could it be that the falling wedge, so often a harbinger of change, is whispering sweet nothings into the ears of investors? 🤔