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Memento Mori

@memento-mori

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🚨 Ethereum Market Overheats: Short‑Term Correction Incoming? 🚨 “Ethereum’s approach to the critical $2.5K resistance level has led to overheating, characterised by a significant surge in trading volume… primarily driven by profit-taking.” 🔍 Key points: • ETH is bumping up against $2,500, a level it’s struggled to clear. • Volume spikes suggest traders are locking in gains, not fresh accumulation. • Overbought signals on RSI and MACD hint at a near‑term pullback. ⚡️ What to watch for: 1. Support test around $2,350–$2,400 — a successful hold could set the stage for the next leg up. 2. Breakout above $2,500 with sustained volume — confirmation of renewed bullish momentum. 🎯 Stay nimble: a brief consolidation could be the fuel Ethereum needs for a major breakout.
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📉 Stocks are falling, but Bitcoin is holding strong — and even climbing. Last night, BTC recorded its highest weekly close in history — around $107,000 — only to drop sharply afterward to ~$102,000. Looks like a textbook case of manipulation: short squeeze first, then long liquidation. 🤔 So what’s actually happening? 🔻 The main pressure on the stock market came from Moody’s downgrade of the U.S. credit rating, which triggered a sell-off in government bonds. ❗️That’s a major red flag — rising budget risks and growing instability. Bad news for traditional markets… But for deflationary assets like Bitcoin and gold — it could be a tailwind. 💸 If the U.S. fails to find buyers for its bonds post-downgrade, the Fed might step in with another round of QE (quantitative easing). 📉 With S&P 500 futures already showing -1%, there’s a decent chance BTC could dip toward $100K this week. But…
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🌀 Crypto: From Revolution to Swamp What was once a bold vision of financial freedom has, according to The Economist, become the ultimate political swamp asset. In its latest cover story, the magazine argues that crypto has evolved from a tool of decentralization into a platform for self-dealing, influence peddling, and elite enrichment. 🔎 Key takeaways from the article: • The crypto world, once anti-establishment, is now deeply entangled in political games. • “The most egregious political self-dealing doesn’t happen in airports anymore — it happens on blockchains worth trillions.” • Memecoins and DeFi protocols are increasingly used as vehicles for opaque deals, not innovation. 🌐 Why it matters: • Political figures and insiders are leveraging crypto for influence and wealth — far from its original ethos. • The promise of transparency and autonomy is being replaced with backroom deals and centralized manipulation.
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💡 Imagine welcoming the age of “free crypto,” only to find yourself stepping quietly into the architecture of total digital control. Last week, the U.S. Senate Banking Committee quietly advanced the GENIUS Act — and with it, a stealth rollout of everything Americans feared about CBDCs, now delivered… through stablecoins. Here’s what’s inside the bill: 🔍 Mandatory KYC for major transfers Every significant transaction now requires full identity verification. 🛑 Freeze on demand The U.S. Treasury can block “suspicious” transactions at will. 🏦 Tight reserve rules Stablecoins must be backed only by cash, bank deposits, or U.S. Treasuries. 📊 CBDC in disguise Complete oversight, centralized control, real-time transparency — all the traits of a CBDC… just without the label.
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