This was no cyber-attack or market plot. Oh no, just a server’s sweat getting the better of it. A hardware meltdown, a lesson in humility for our digital gods. The weak link? Physical cooling-Nature’s way of reminding us that even our shiny machines have limits. 💦🤖
In fact, at press time, ENA was trading at $0.28, up 0.36% on the daily charts. The current price consolidation has created an accumulation window, especially for whales. 🐋⬛
The lone wolf guarding a piece of paper with 24 words on it is no longer the definitive image of crypto security. It’s more like a lone wolf guarding a laptop with a 24-word password, a coffee stain, and a cat that thinks it’s a hacker. 🐱💻
His prophecy arrives as U.S. and Asian exchanges, like CBOE and SGX, prepare to unveil their own perpetual products by 2025. Hayes, ever the prophet of disruption, frames this as an “adapt or die” moment for TradFi, warning that if these old guard exchanges fail to mimic crypto’s perp model, they shall wither into irrelevance, like a moth to the flame of innovation. 🔥
Instead of dwelling on the fact that someone made off with $116M like it was a Tuesday, the community is now arguing over the crumbs-a process that will either restore faith in the project or turn it into a galactic punchline. 🌌🤡
Here’s the lowdown, folks:
The rally is still more of a reflexive recovery than a trend reversal, despite Bitcoin’s dramatic comeback off sub-$85,000 lows. Bitcoin is grinding into the underside of a dense resistance cluster on the chart. The 20-EMA, 50-EMA and 100-EMA all converge at $99,000-$104,000 and slope downward, creating a barrier that has historically required significant momentum to breach. 🐢📉
Analyst Ali Martinez, in a post on the ever-entertaining X (formerly Twitter), discusses the latest grim trend in the Bitcoin Puell Multiple. For those unfamiliar, the “Puell Multiple” measures the ratio of the daily BTC mining revenue (in USD, mind you) to the 365-day moving average of the same revenue. Sounds complicated? Don’t worry, it’s just a fancy way to say miners are getting less than they used to.
He doth prophesy, with the zeal of a market-day preacher, a future brimming with no fewer than one hundred thousand issuers! Imagine, if you will, the paperwork! The accounting! The sheer, unmitigated bother! One shudders to think. Truly, a task fit only for the most dedicated, or the most utterly foolish. 🤔
And yet, despite this grand pilgrimage of capital towards Ethereum – a sumptuous feast of millions eagerly offered – the price of ETH stubbornly languishes, trading with all the enthusiasm of a snail at $3000. Arkham Intelligence data paints a grimly amusing picture: this transaction on November 28 was but a single note in BitMine’s symphony, contributing to a spendthrift ambition to possess no less than 5% of Ethereum’s entire bounty.
