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Crypto exchange-traded products (ETPs) bled $952 million, with Ether (ETH) losing $555 million and Bitcoin (BTC) shedding $460 million. That’s more red ink than a schoolmarm’s grading pen! 📉 According to some highfalutin CoinShares report, the culprit is the Clarity Act, or as I like to call it, the “Maybe Next Year” Act, which has folks fretting over “regulatory uncertainty” and “whale selling.” 🐳💨
The daily chart paints a picture of calculated optimism. After shaking off a nosedive to the $80,537 low, bitcoin is now consolidating in a comeback arc. A succession of green candlesticks with upper wicks reflects buyers showing up-but with just enough hesitation to keep the $91,000 resistance intact. 🧠📈
But let us not overlook the role of HTX (formerly known as Huobi), which has graciously welcomed Kaspa to its platform. Such listings can often be the fairy godmother that transforms pumpkins into carriages, or in this case, steady altcoins into soaring investments. 🥳
The Virtual Asset Service Providers (VASP) Bill, 2025-what a mouthful! 😣-is here to save the day. Or, you know, at least make sure nobody’s getting scammed while they’re trading their digital fortunes. 🕵️♂️ The exchanges are now under the watchful eye of the law. Big Brother’s watching, folks! 👀
Meanwhile, Ethereum, ever the stubborn fellow, sneered at the doubters and stormed back over the $3,000 line, making everyone wonder if it’s achieved some secret magic trick. BNB, that steady old champ, kept its chin above $860, looking as proud as a cat with a newly discovered fish. 🐟
Behold, the once-heretical act of tokenization, now embraced by the titans of finance, as if they had suddenly discovered the secret to eternal youth. 🧠✨
The main event, or rather the spectacle that might become one, is this Uniswap vote-a term that sounds as if it might be stitched from the same fabric as “Union” or “Unicorn,” both equally majestic and elusive. The proposal, dubbed UNIfication (because nothing is more serious than a clever pun), seeks to activate protocol fees, burn a hundred million UNI tokens (a tidy bit of financial arson, one might say), and draw Uniswap Labs and the Foundation into a closer, perhaps more bothersome, partnership.
Dylan LeClair, with the air of a sorcerer revealing his latest spell, announced that investors have approved not one, not two, but five proposals! These proposals will expand Metaplanet’s ability to issue preferred shares, sprinkle some new dividend mechanics, and open the gates wide for overseas institutional capital. Because why keep the treasure chest closed when you can have a global gold rush? 🌏
With Republican Rep. Mike Carey leading the charge (probably shouting something like “Taxation without representation!”), they sent a heartfelt letter to IRS acting Commissioner Scott Bessent. Because nothing says “urgent” like a letter, am I right?