Arthur Hayes Says: New Stablecoin IPOs Are Just ‘Hot Potato’ Crypto Circus 🎪

Circle, that modest ring of fiscal ambitions, has already flung itself onto Wall Street’s stage. CRCL, the ticker of the hour, rockets with the gusto of an over-caffeinated squirrel—soaring up 80%, teasing $165 as if seducing the gods of speculation. Hayes, not to be outdone in hyperbole, scoffs at the valuation, noting, perhaps with a tear or a chuckle, that half the company’s golden eggs are delivered to Coinbase—apparently for a polite “thank you” and a firm handshake.

Ethereum: The Rollercoaster Ride of the Century! 🎢💰

Last week, Ethereum made a valiant attempt to reclaim the $2,800 barrier, soaring to a three-month high of $2,879. Alas, the tumultuous market, stirred by the Iran-Israel conflict, sent the cryptocurrency tumbling back to retest its local lows, only to recover like a phoenix over the weekend. Talk about a dramatic comeback!

SUI Price Prediction Today: Breakout or Breakdown?

Gaze upon the daily chart, where SUI finds itself woefully beneath all the short and mid-term EMAs (10, 20, 30, 50, and 100), which frolic between $3.12 and $3.51. The only glimmer of hope lies in the 100-day Simple Moving Average, a steadfast guardian at $2.95, a level that one must keep a watchful eye upon, lest it slip away like a wayward thought. đź‘€