Picture this: The 50-day EMA (which, for normal people, means a wriggly line that traders worship) is about to do a dramatic tango over the 200-day EMA on the Ethereum dancefloor. Some say this means Ethereum is building up the sort of long-term momentum last seen when elephants charge or politicians sense a scandal brewing. Or, perhaps, it just means people will make more memes.
Mishaboar, with all the gravitas of a czar at tax collection time, bemoans the state of crypto lending:
Wild as it sounds, these stablecoins—digital dollars without the greasy fingerprints—live lonely, disjointed lives. Each issuer rolls their own off-ramp, trying to get their coins back to reality, like miners wandering the hills for gold that’s long gone dry.
Le sentiment général du marché penche vers le pessimisme aujourd’hui, comme un acteur malheureux qui revisite ses pires scènes. Les heures de trading matinales nous ramènent à des niveaux quotidiens que l’on aurait préféré oublier.
Deputy Minister of Finance, the ever-enthusiastic Chulaphan Amornvivat, took to X (formerly known as Twitter, because who needs a proper name?) to confirm this Cabinet decision. He cheerfully announced that capital gains from crypto trading will now be as tax-free as a bird in spring, provided one plays nice and uses platforms supervised by the Securities and Exchange Commission (SEC). 🐦