In a most delightful twist of fate, Tether, the grandest issuer of stablecoins in this vast digital realm, has conspired with Ocean, that charming decentralized Bitcoin mining pool, founded by the ever-astute Luke Dashjr. This revelation was unveiled in a post that graced our screens on a mundane Monday.
This isnāt just about pounds, though. JPMorganās already got euros and U.S. dollars on its blockchain, because why stop at one currency when you can dominate them all? ššø This move is basically the bankās way of saying, āHey, traditional banking delays? Weāre over them.ā
According to the ever-reliable Shibburnās data on this fateful April 15, the Shiba Inu burn rate exploded by a staggering 2061.22%. Itās as if the little meme coin decided to throw a party and forgot to invite the supply. A whopping 20.83 million coins were ceremoniously removed from circulation, leaving behind a trail of confusion and excitement.
In a rather enlightening post from CryptoQuant, an analyst has taken it upon themselves to dissect the behavior of our aquatic friendsāthe Bitcoin whales. The first morsel of wisdom shared is the Exchange Whale Ratio, a rather fancy term that measures the ratio of the top 10 deposits to the total exchange inflow. Quite the mathematical marvel, wouldnāt you say?
Ah, the notorious whales! Those grand titans of the blockchain, who, with a flick of their oily fins, began to cast off their precious OM tokens just before the great plunge. It was as if a poetās heartfelt prose transformed into the desperate scribbles of a madman, igniting a frenzy amongst the smaller fish, leading them to a watery doom of forced liquidations. A spectacle, to be sure!