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? 🤔
The sudden surge in investor interest in ethereum, spurred by America’s latest regulatory diktats, has analysts flapping their calculators like startled chickens, trying to fathom the implications for ETH’s price. Mr. Hougan, with the air of a man who has just discovered a forgotten stash of sherry, believes this institutional frenzy will keep ether’s momentum as buoyant as a dirigible in a thermal.
A recent communiqué from the official @Shibizens account (one presumes they have important things to tweet about) gently reminded the community that BONE, often treated with the gravity of a particularly unfunny joke, actually… performs functions. Imagine that.
So, is the sky falling? Or is this merely another act in Bitcoin’s long-running one-man show, “How to Keep Everyone Guessing”?
The CBR used to be super strict, but now they’re like, “Hey, qualified investors can play with crypto derivatives, but don’t even think about it, regular people!” 🚫 It’s like they’re trying to create a crypto oligarchy or something. Shishlyannikova said any changes would require regulatory amendments, because of course they do. 🙄 That’ll happen in 2026, because who needs crypto regulation now, right? 🕰️
On July 25, these crypto overlords announced they’re going global, baby! According to some fancy document from Macquarie Capital Limited, they’ve got a deal that’s raking in HK$2,355.03 million (aka $300 million). That’s a lot of avocado toasts. 🥑
Ah, but let us not forget the pièce de résistance: July 17th, when over 11,000 new XRP wallets were created in one day. The token responded with all the grace of an over-caffeinated diva, leaping 14.6% and soaring to a new all-time high. But alas, dear reader, every good show must face intermission—or in this case, a South Korean exchange named Upbit decided to spoil the fun with a flurry of sell orders. Cue dramatic gasps and a sharp double-digit drop. 😱📉
In a declaration made on the same day, the company disclosed that the source of this exploit was none other than a compromised device belonging to a hapless team member, a victim of this targeted phishing attack. This breach afforded the attacker a most limited, yet most alarming, access to our precious development environment.