qfx In a world where geopolitical tensions between the U.S. and Iran are as predictable as a Douglas Adams plot twist, Dalio has taken it upon himself to remind us that Bitcoin is not the safe-haven asset we’ve been led to believe. Apparently, it’s more like a rollercoaster ride through a black hole-exciting, but not exactly secure.
From a technical perspective, much of the focus is centered on oil.
South Korea will cap ownership stakes in cryptocurrency exchanges at 20% to strengthen how they’re managed. The new rule applies to all exchanges and was agreed upon by financial regulators and lawmakers, despite some worries from the crypto industry. People starting new exchange businesses may be allowed to own up to 34%.
I’m looking at USDsui, a new stablecoin, and what’s interesting isn’t *what* backs it, but what happens with the profits from those assets. It’s issued by Bridge, the company Stripe bought to build out its payments system, using their Open Issuance platform. Galaxy Digital is handling the investment side of things, managing the assets that back the coin. Basically, it’s not just about being stable, but about putting the earned yield to work.
Once again, the elusive “air pocket” of Bitcoin’s market has been pulled into our collective consciousness as the largest cryptocurrency slipped to just below $72,000 on Wednesday.
Eleven long years Mallela toiled at JPMorgan, a founding father of their digital asset realm. His departure? A mere career shift? Ha! ’Tis a declaration of war, a signal that Standard Chartered seeks to cast off the shackles of third-party networks and forge its own path to glory-or so they dream.
Elliott Wave, Harmonic Patterns, Wyckoff theory – sounds like a bad magic show lineup. But no, these are the tools of the trade for these so-called experts. Trade Bitcoin long enough, and it starts repeating itself. Like my ex-wife’s complaints. And now, this “memory” is pointing to a bottom below $40k. Great. Just what we needed – more financial advice from people who probably still use dial-up internet.
With this funding, Eight Sleep plans to develop AI health features using Tether’s QVAC architecture, which processes data on your device instead of the cloud. Because who needs privacy when your mattress knows your snoring patterns better than your partner?
What, might you ask, could be the reason behind this? Well, it seems the good people of Iran-blessed with high inflation, a sagging currency, and a geopolitical nightmare-are fleeing to the digital abyss of cryptocurrency. Why, you ask? To preserve their riches, avoid the prying eyes of financial sanctions, and perhaps even escape their own wallets’ slow demise. Indeed, in times like these, digital tokens may very well be the financial knight in shining armor!
Key support levels: 15 cents-a pittance, but the bulls are guarding it like it’s Fort Knox.