According to a report that made its way to Bloomberg, BlackRock’s Investment Institute strategists have upgraded their view on European government bonds from slightly underweight to neutral. They’re practically giving US government debt the cold shoulder, comparing it to a less attractive cousin. 🤷♂️
Lubin, who is also the chairman of SharpLink Gaming, said that Ether treasuries are “a great business to run.” He also claimed that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.”
SHIB, the world’s second-largest meme token by market value, traded above the 23.6% Fibonacci retracement of the May-June sell-off as of writing, up over 1% on a 24-hour basis, according to CoinDesk data.
Zebec Network (that’s ZBCN for folks who like their names short and their wallets fat) pumped 20% in just 24 hours – all on word their leadership’s been summoned across The Pond to drop wisdom on a crowd of lawmakers, rule-makers, and folks who’ve likely never sent a crypto transaction in their lives. COO Simon Babakhani and the man wrangling mergers, Neal Padhye, are set to holler about compliance, whistleblowing, and why blockchains are the moral backbone of civilization (or some such business).
The new decree proposes that crypto firms—previously cast into the wilderness with gamblers and night owls—should now be welcomed as “venture companies.” That’s right: paradise regained, or at the very least, an official badge, tax loopholes, government handouts, the occasional subsidy, and perhaps even a coffee with an approving bureaucrat. If this comes to pass, tomorrow’s crypto startup founder may not have to hide his ledger under the floorboards. He can now dare to innovate in broad daylight, cheered on by the watchful gaze of state inspectors. 📚
Addressing his followers, the analyst opened by noting that ADA’s weekly chart “looks so similar” to the multi-year pattern that preceded Ethereum Classic’s vertical move in early 2021. “They have the same market makers,” he asserted, pointing out that Cardano founder Charles Hoskinson had early involvement in both projects. “It’s almost like a cheat code for this thing.”
Just last week, a staggering $630 billion flowed into the altcoin sector, just as Bitcoin dominance (BTC.D) took a sharp nosedive from the 66% resistance, a level not seen since 2021. 📉
EigenLayer, the restaking protocol that underpins the project, and its data-availability sibling EigenDA will remain online as part of EigenCloud, Kannan added in a separate post.
The US dollar index (DXY) is not just below its average—it’s taking up residency in the basement, more than six points under the 200-day moving average. Mazel tov, DXY, really earning that participation trophy!
One clever chap, Darkfost from CryptoQuant, has been analyzing the situation, and his findings are quite intriguing. 🧐 It appears the U.S. Dollar Index has plummeted to a 21-year low, a whopping 6.5 points below its 200-day moving average! 📉 That’s the largest gap seen in, well, a very long time indeed! 🙅♂️
