qfx And hold your crypto horses-ORCA and 1inch are teasing a “significant announcement” on August 19. Significant? Like, did they finally find a decent coffee machine in the office? ☕️🤔
On August 14th, somebody noticed a considerable blip in the trading of Cardano’s theoretical future. A whopping $6.96 billion worth of these…intangible assets…changed hands. This, we are told, is the most since March 2025. Which, if my calculations are correct, was a while ago. Glassnode, apparently, keeps track of this sort of thing. Bless them.
Zhitong Finance, a local publication – reliable enough, I suppose – reports this “enthusiastic” reaction. Enthusiastic, indeed. More like a feeding frenzy. A predictable one, truthfully. The SFC and the Hong Monetary Authority, in a display of joined concern, have urged the public to proceed with caution. One assumes they believe the public possesses a capacity for caution. A rather optimistic view, wouldn’t you say?
Now, if my memory serves me right, on August 7, WazirX sashayed over to X and gave everyone an applaud for their participation in the voting fandango, before delicately stepping through to the next dainty steps in this bureaucratic promenade.
This week promises to be a rollercoaster ride, as all eyes are glued to the grand spectacle of US President Trump meeting with the illustrious Volodymyr Zelensky. Will they shake hands and solve the world’s problems? Or will it be more of a soap opera? Stay tuned!
In cryptic lands where numbers twirl, that dip hit nerves since August’s hazy swirl. The bulls, oh the poor old bulls, bloodied by misfortunes, raged yet softened in effort.
This drivel is pulled directly from last week’s Week in Review newsletter. Subscribe, if you have nothing better to do with your time.
Egrag has this pet theory-a repeat pattern in XRP’s monthly RSI that’s so consistent, even my cat could chart it. Stage one: RSI pumps hard, much like my attempts at optimism after three cups of coffee. Stage two: Corrections, which feel suspiciously like Mondays. And then stage three: the “blow-off top”, a phrase apparently straight out of a vape shop and financial meme accounts.
The FSA plans to let JPYC Inc., a fintech company that probably has more caffeine than a swarm of bees, launch its stablecoin this fall. Each token will hold the value of one yen, backed by assets like bank deposits and government bonds. Because nothing says “trust” like handing your money to a corporation named after a currency and a letter “C.”
In this week’s comedy of errors, the crypto stage is set with a surprising twist! While the venerable Bitcoin still reigns supreme, like a stuffy old aristocrat, XRP has leapt onto the scene like a mischievous servant, stealing the spotlight! 😏🎭 Bitso’s report reveals that XRP has usurped Ether’s place as the second most held asset in Latin portfolios, a true coup d’état in the crypto kingdom! Bitcoin holds 54% of the court’s favor, but XRP now graces 12% of accounts, leaving Ether sulking at 11%. Stablecoins and local currencies? A mere 12%. And those SOL and memecoins? They’re but fleeting jesters, barely present in 5% of portfolios. 🤡