The exchange linked the spike to roughly $1.1 billion in cumulative ETF inflows, arguing that “steady demand from funds and retail traders” would “tighten available supply.” One might wonder if these traders are also tightening their belts, but such questions are best left to the philosophers of the stock exchange.
In a heroic move, Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren have joined forces to introduce a bill that will protect blockchain developers from the scary depths of criminal liability. Their new legislation aims to clarify the confusion over whether someone who writes code should be treated like a nefarious financial mastermind.
According to CryptoQuant, a platform that crunches numbers like nobody’s business, more than 18,130 active addresses have just vanished from the network. Poof! Gone! Let’s rewind a little bit-just a month ago, on February 10, the active addresses were at an all-time high for the year-32,684 to be precise. The price was hovering around a sad little $1.399, but at least people were still actively participating, right? Wrong! The numbers are dropping like a lead balloon.
In the hallowed halls of the Indiana legislature, where the air is thick with the scent of ambition and the faint odor of stale coffee, House Bill 1042 has been ushered forth like a prodigal son. This masterpiece of modern policy now rests in the hands of Governor Mike Braun, who must decide whether to bless it with his signature or cast it into the void. The bill, a veritable tapestry of legal safeguards and crypto curiosities, seeks to embed digital assets into the very fabric of retirement and savings plans. Oh, the audacity of it all!
The XRP Ledger, that paragon of innovation, is now engaged in a most audacious endeavor: redefining how developers and startups receive funding and technical support. One might say it’s attempting to outdo the old boys’ network with a dash of blockchain whimsy.
According to the exchange, XRP’s buying pressure has more than doubled the sell side. One wonders if the sell side had a heart-to-heart and decided to take a coffee break. This surge coincides with institutions finally noticing XRP after a decade of pretending it didn’t exist, likely spurred by the launch of XRP-linked exchange-traded products. (Because nothing says “trust us” like wrapping a token in paperwork.)
Polkadot’s native token, which had its heyday back in 2021 when it flirted with $50, has been doing its best impression of a sad, deflated balloon over the past few months. It crashed to an almost laughable $1.15 at the beginning of February. But like any good drama, there’s a twist. Enter yesterday’s rally, where DOT soared to about $1.74, taking its market cap past $2.6 billion-just a casual flex. Polkadot has climbed to the 36th spot among cryptocurrencies, reminding us all that it’s still got a little fight in it.
Marvel at their daily spectacle: 1.5 million on-chain transactions, executed with the solemnity of a court scribe, and 10,000 daily users-poor souls who believe themselves “active” merely for clicking a button. All is recorded on-chain, of course, in a non-custodial architecture that whispers, “Trust us, we’re not holding your coins!” Yet fear not, for Web2-style onboarding ensures even your grandmother could join, provided she hasn’t misplaced her spectacles.
At the heart of this prophecy lies the reformation of a “multi-layer moving average ribbon,” a term so delightfully opaque it could double as a modern art exhibit. The 33 EMA, 66 MA, 80 EMA, and 100 EMA-names that sound like the cast of a Dickensian novel-are now “compressing and expanding” in a configuration that, according to Egrag, has historically marked “major cycle transitions.” One imagines the markets gasping in unison as these mathematical ghosts whisper their secrets into the void.
Momentum, that fickle minx, returned with all the subtlety of a troll under a bridge. For the second day in a row, capital poured into crypto ETFs like a wizard pouring tea-everywhere and all at once. Bitcoin, ever the prima donna, led the charge, leaving no room for outflows. Just steady buying, because why not?