Unlike the fiery excitement of months past, when every tick on the chart was a drama worthy of the West End, September has brought something closer to the peace of a countryside retreat. It’s a ‘neutral’ period, like the sort of bland sandwich you’d get at a conference buffet-unremarkable, but at least it’s not going to ruin your day. 🥪
However, traders appear vexed by hold-ups in Solana’s ETF approvals, while long-time holders have kicked back, cashing in on their well-earned trophies. The million-dollar question (or should I say billion-dollar?) is whether SOL can keep its head above what’s known as “support levels” or risk tumbling down further. Solana’s price charts address this enigma and much more.
Introduced with the effortless elegance of an unrushed debutante, the BITCOIN Act-by the ever-distinguished Senator Cynthia Lummis-entreats the United States to procure a million Bitcoin, luring investors like Saylor and Thiel with a five-act play that stretches across five years. This initiative, askew only in its audacity and brilliance, is to be financed through “budget-neutral strategies,” a phrase that parlays the very essence of windmills meeting cavalry.
REX-Osprey, a name which sounds suspiciously like a particularly unpleasant illness, assures us their XRP endeavour (ticker XRPR, naturally) will commence trading this week. It will, they claim, offer “spot exposure” to the third-largest cryptocurrency. One shudders to think what the first two are.
Monsieur Luke Gebb, that illustrious Executive Vice President of Amex Digital Labs, declaimed on a fine Monday, “The true enchantment of voyage lies in the sweet torment of memory, and what better relic than the stamp, that vanishing phantom on one’s passport? As flesh and ink are banished into oblivion, Amex bestows upon Card Members a digital talisman to bask in their own grandeur.” How poetic, n’est-ce pas? 🎭
The phenomenon, let us call it “Trump’s Semi-Annual Yearning,” re-emerged, not in a meticulously crafted policy paper, but via a pronouncement on that digital echo chamber known as Truth Social. On the 15th of September, the missive arrived:
Eric Balchunas, Bloomberg’s ETF guru, has spilled the beans on X (yes, X, because we’re all trying to forget what Twitter was) that the Dogecoin ETF will be under the ticker DOJE and XRP will be strutting its stuff under XRPR. Who knew crypto could get this fancy? 🧐
The U.S. is the grand puppeteer here, directing a hefty $3.3 billion inflow, while Germany shows up with a polite $160.2 million, Canada humbly offers $14.1 million, and Hong Kong and Australia toss in their loose change at $5.4 million and $2.4 million respectively. Meanwhile, Switzerland and Sweden, ever the party poopers, are busy refunding their crypto tickets with outflows of $92.1 million and $5.6 million-because who doesn’t love a dash of Scandinavian skepticism?
As if we were watching a dramatic play unfold, institutional trading volumes took center stage, escalating wildly to over 126 million tokens on September 15-nearly three times the usual audience of corporate flows, with whispers of portfolio rebalancing echoing throughout the market’s grand theater, amidst the mounting scrutiny of our regulatory overseers, of course!
Fortified under the aegis of the dAI Team, composed of developers and splendidly bright minds in AI, our intrepid leader, one Davide Crapis, hath taken the mantle. With a flourish, Crapis hath proclaimed on the day of Monday, that their singular pursuit shall be the hastening of artificial intelligence and what is fancifully termed the ‘machine economy’ upon the Ethereum platform.
