Altcoins are throwing a tantrum, selling off like a Black Friday crowd at a Nordstrom Rack. Some experts are sweating bullets, whispering, “This rally’s about to crash harder than my Aunt Linda’s attempt at gluten-free bread.” Others insist it’s just a “healthy consolidation,” which sounds suspiciously like what your dentist says before they tell you you’ve got six cavities.
So, what’s the deal? Ethereum took a little tumble from its stratospheric heights above $3,600, and suddenly everyone’s losing their minds on social media. In the last 24 hours, nearly $197 million worth of ETH positions got liquidated, mostly from those optimistic long players. Drama city, population: everyone. 🌟
Aave (AAVE) is trading around $284 after a week that can only be described as “soul-crushing.” The token has lost more than 13% in that time, which is just a smidge more than my enthusiasm on a Monday morning. It’s also down nearly 6% in the past 24 hours. Over $790 million in volume? Wow, someone’s trading like they’re in the last round of Monopoly with their friends!
Word has it, this treasure hunt will be run by their Hong Kong sidekick, GPT Pals Studio, kicking off with a modest $10 million handout from some investment bigwig called Integrated Asset Management. Ah, the dreams of easy money, flowing like sake in a corporate party—until the hangover hits. 😏
Li, with the flair of a poet, dives headfirst into the old grievances against Ethereum’s, shall we say, whimsical monetary policy. He presents a doomsday scenario where every single ETH is staked, and yet, lo and behold, inflation doesn’t skyrocket into the clouds—it settles down at about 1.52% by 2025, and later drops to a quaint 0.89% by 2125. Take that, US dollar! And don’t even get me started on gold’s sluggish supply growth! 🍫
BOB, that ambitious scoundrel, aims to bestow upon Bitcoin the fineries of Ethereum-style decentralized finance (DeFi). And how doth it achieve this? By implementing zero-knowledge (ZK) fraud proofs within an optimistic rollup framework, no less! A most clever ruse, replacing the sluggish fraud-checking process with proofs so swift, they resolve disputes in mere minutes! ⏱️
In a moment of economic alchemy that would make a Victorian parson blush, Arthur Hayes, co-founder of BitMEX, has declared that Bitcoin will “soar” to $250,000 and Ethereum to $10,000 by 2025. A 111% gain for Bitcoin? Pfft. Trivial. A 179% surge for Ethereum? Why not—let’s all throw our pensions into a digital goldfish bowl … Read more
This 66% increase, which some might consider a boost akin to inventing the wheel all over again, comes just a day after the network danced a merry jig by raising its block limit to 60 million CUs in epoch 822. It seems Solana is feverishly embracing an aggressive push to improve throughput and wriggle out of congestion like a cat escaping from a bath—who would’ve thought?
While Bitcoin struts around like a rockstar in shiny armor, scooping up eyes and wallets, Ripple’s darling XRP is busy riding a boat straight into a storm —waves of scams, to be precise.
