Cryptonews

The Shiba Inu, Ethereum’s most celebrated meme coin, continues its lamentable descent, its metrics as feeble as a poet’s resolve. 🥀 Data from the ever-watchful Shibburn reveals a burn rate that has dwindled to a mere whisper, dropping 72% on August 12 to a paltry 181,928 tokens-a sum so insignificant, it could scarcely buy a cup of coffee. ☕️ Historically, the SHIB price has danced to the tune of the burn rate; alas, this tune has turned into a dirge. 🎻

Bernstein’s Monday morning love letter to investors came just as ether (ETH) reached heights not seen since 2021, all thanks to a sudden bout of investor infatuation and a broader altcoin rally. And what kicked off this wild ride? Circle’s blockbuster IPO on June 5th, which reminded everyone that stablecoins, like shy teenagers, mostly hang out on Ethereum’s blockchains. Fancy that! 🎭

According to a court filing (because nothing says “fun” like legal documents), U.S. District Judge Paul A. Engelmayer in New York has scheduled a hearing for August 12, 2025. Mark your calendars, folks! 🎟️ The judge wants Kwon to spill the beans and explain exactly what he did if he pleads guilty. Spoiler alert: it probably involves more than just “accidentally” losing $40 billion. 😅

But here’s the kicker: the all-time high might be closer than your neighbor’s Wi-Fi password. Two factions-spot buyers and derivatives traders-are teaming up like Batman and Superman to push ETH into the stratosphere. Or maybe that’s just Ethereum’s way of saying, “I’ve got 99 problems, and gravity is one.”

Oh, SPX6900, you’re back at the breakout zone like a boomerang ex. After breaking out of a bullish cup and handle (fancy, darling!), it hit $2.28 in July, then dipped to $1.42-classic overthinker move. But fear not! It’s rebounded like a post-breakup glow-up, testing $1.77 again. The 20-day EMA says the party’s still on, but if it dips below, it’s a “we were on a break!” moment. 😬📉

And what a showing! Ether, that splendid glowing gemstone, has appreciated a staggering 45% in just a month-perhaps inspired by the same theatrical flair that made Oscar Wilde an icon. Clearly, Ether’s bullish signs aren’t just a whisper-they’re a full-blown symphony, turning heads faster than a cat in a laser pointer shop. 🐱🚀

Now, this Ali Martinez fellow, he’s a sharp one, says them whales went and bought up 900 million XRP-faster than you can say “catfish.” Sure as shooting, that was after the long saga between Ripple Labs and the SEC finally called it quits, like two neighbors shaking hands after a barnyard brawl.

But before we all don our party hats and dance in the streets, let us pause and ponder: is this really happening, or are we merely chasing shadows? Let us dissect this delightful morsel of news with the precision of a surgeon and the humor of a jester.

Meanwhile, the Bitcoin Hyper ($HYPER) project is hitting milestones faster than you can say “blockchain boom”-raising a hefty $8.5 million in its token presale. Looks like everyone’s betting on the future of faster, cheaper Bitcoin transactions, or at least enjoying a good spectacle of tokens flying out the door.

Kwon-freshly air-freighted from Montenegro last Christmas like a rather costly goose-has been luxuriating in U.S. custody ever since, bail apparently regarded as an antiquated eccentricity.