EURJPY

So, Paul Chan Mo-po and John Lee basically RSVP’d for the whole city during the 2026-27 Budget speech and Consensus Hong Kong summit. How very official of them.

That fateful breakdown initially confirmed a bearish head-and-shoulders pattern, a chartist relic projecting a 20% descent. But, as all good tragedies do, the narrative refused to conclude. Instead of plunging into the abyss, XRP pirouetted upward. New data now suggests this breakdown was no mere collapse, but a cunningly crafted bearish trap, luring short sellers into a gilded cage of their own making.

Posting on X (via a proxy, because even billionaires need to outsource their tweeting these days), SBF (as the cool kids call him) took another swing at the prosecutors, claiming they were dead set on hammering home the myth that $8 billion of customer funds simply vanished into the abyss. To back up his claims, he attached trial excerpts and even threw in a chart showing how FTX’s net asset value was set to climb into the tens of billions had bankruptcy not ruined his day. The man insisted, with all the confidence of someone who’d never heard of the word “humble,” that FTX was always swimming in more assets than debt and would have repaid everyone if only fate had been kinder.

Chainlink announced on Monday that Taylor Lindman is leaving the company to become Chief Counsel for the SEC’s Crypto Task Force. Lindman spent five years at Chainlink Labs, holding various high-level legal roles, most recently as Deputy General Counsel.

TL;DR

Yet, let us not overlook the quiet ballet of Bitcoin ETF inflows, where institutional capital tiptoes in like a burglar in velvet slippers, easing fears that had metastasized like a bad perm. If you’re pondering why this digital bazaar is now aflutter, the answer resides in a witches’ brew of liquidation theatrics, ETF-driven serenades, macroeconomic whimsy, and the silent machinations of whales playing chess with our souls.

Enter Tom Lee, finance’s favorite armchair psychologist, who suggests the bears might have bitten off more short interest than they can chew. Crowded shorts, he says, are like a group text with too many people-eventually, someone spills coffee on their keyboard and everything goes sideways.

To decipher the complex signals of this new year, BeInCrypto reached out to a roundtable of industry heavyweights who are shaping the ecosystem from the inside. We are privileged to share insights from Fernando Lillo Aranda (Marketing Director at Zoomex), Vivien Lin (Chief Product Officer at BingX), Griffin Ardern (Head of BloFin Research & Options Desk), Dorian Vincileoni (Head of Regional Growth at Kraken), Federico Variola (CEO of Phemex), Mike Williams (Chief Communication Officer at Toobit), and Michael Ivanov (CEO of Arcanum Foundation). Their collective wisdom is as clear as a black hole’s interior, but with more jargon.

What could possibly be more thrilling than a crypto firm investing in a bitcoin treasury strategy? Perhaps the revelation that this investment is meant to signal “institutional confidence,” as if institutions had ever been known for their confidence in anything other than their own wisdom.

Currently, SHIB is frolicking around just below $0.0000060, having slipped under a slew of short-term moving averages like a cat who’s decided it’s far too warm on the windowsill and might as well find a new spot to nap. On February 23, the 200-period simple moving average waltzed above the 50-period moving average on the 2-hour chart, triggering a wave of panic among the faithful.