After weeks of downward pressure-which saw Bitcoin briefly flirt with the $63,000 support zone like a nervous teenager at a school dance-the market reversed course with all the subtlety of a brick to the face. The result? A short squeeze so massive, it made the Great Squeeze of ’21 look like a polite handshake.
The timing? Sure, it coincides with some wild price swings. But, plot twist: it’s not a protocol disaster or a security breach. Relax, people. We’re just dealing with a planned upgrade and token rebrand, and apparently, derivatives exchanges aren’t too keen on taking unnecessary risks. Who knew, right?
Hedera is now inside Axelar’s network. What it actually changes for institutions building on-chain is a longer conversation, and one that the market hasn’t fully priced yet. A classic case of “we’re revolutionizing finance, but please don’t ask how.”
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In the land where cryptocurrency flows like a river unbound, Richard Blumenthal, a sentinel of the U.S. Senate from Connecticut, has cast his gaze upon Binance. His quest? To unravel the threads of compliance within the exchange’s grand tapestry. Allegations whisper that Binance, in its pursuit of profit, waltzed with entities shrouded in sanctions, heedless of the warnings from its own watchmen.
Armstrong dropped this gem on X (because where else would he?) and then doubled down at the World Liberty Forum, hosted by the Trumps. Because, you know, nothing screams “financial wisdom” like a room full of people who’ve never met a tax loophole they didn’t like.
In a public statement released on February 24, 2026, the EU’s financial watchdog noted a sharp rise in the offering of leveraged perpetual contracts, particularly those tied to crypto-assets like bitcoin and ethereum. ESMA emphasized that the commercial label-whether a product is called a “perpetual future,” “perpetual swap,” or “rolling contract”-is irrelevant. If a product provides leveraged exposure to an underlying crypto-asset and is cash-settled, it must adhere to existing national product intervention measures.
On the daily chart, as rendered by the ever-watchful TradingView, XRP/USD ascended 2.13% to $1.3786, briefly flirting with the heights of $1.40 before retreating. Alas, it remains shackled within the $1.34 to $1.48 range, a prison of its own making since the capitulation drama earlier this month. A range, my dear reader, as confining as a Gogol protagonist’s existential dread.
Bitcoin’s price, that poor, unpredictable creature, is currently caught in a pitiful dance between the unyielding support at $60,000 and the ever-dominating resistance at $82,000. And what, pray tell, has Coinbase introduced to shed some divine light on this dance? A new tool, of course: the Gamma Exposure (GEX) metric. The answer, as always, lies in the numbers, or in this case, the metrics!
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