qfx Once again, Coinbase has turned its nose up at the updated Clarity Act during the Senate’s latest round of chinwags. The fuss is all about the rules for stablecoin rewards-yes, those delightful little treats that make digital dollars even sweeter. According to the ever-so-reliable Punchbowl News, Coinbase has told lawmakers that they simply can’t hop on board the bill’s current train of thought.
Ah, the irony of our times! A dental student, of all people, caught in the tangled web of cryptocurrency and terror financing! The Uttar Pradesh Anti-Terrorism Squad (ATS) has once again emerged from the shadows to unveil this surprising tale featuring our dear Haarish Ali. Who knew that while he was busy perfecting his molar craft, he was also moonlighting as an ISIS online operative?
So, XRP tried to recover above $1.4220, but let’s be real-you had less follow-through than a New Year’s resolution. Bitcoin and Ethereum are over here like, “Girl, bye,” while you’re freefalling below $1.420 and $1.4120. Classy.
Over the past day, trading volume for XRP suddenly jumped by 233% within a single hour. This kind of significant increase usually means larger investors are either buying up more XRP or selling off their holdings. Whether they’re accumulating or distributing depends on the broader market situation.
Bitwise Asset Management, with the zeal of a protagonist in a Gogolian satire, rises to defend Circle’s honor. Hougan, their CIO, argues that the stablecoin issuer’s $75 billion valuation by 2030 is not mere fantasy, but a prophecy written in the stars-or at least, in the ledgers of Citigroup’s revised forecasts. “Legislative noise!” he scoffs, as if swatting away a particularly persistent fly. “The growth thesis remains as intact as a bureaucrat’s appetite for paperwork!”
If this rumor is accurate, it could further complicate the Senate’s ongoing attempts to pass major legislation regulating the cryptocurrency market.
On a Wednesday, when the winds of optimism blew through the markets, Bitcoin, that restless spirit, leapt with abandon. From its tentative perch below $70,000, it ascended, step by step, until it reached the giddy height of $72,026 by 7:30 a.m. EST. Yet, as is the way with all things mortal, it could not sustain its flight, and soon retreated to the more modest confines of $71,000. A fleeting triumph, but a triumph nonetheless.
Welcome to our institutional newsletter, Crypto Long & Short. This week:
A tome from the wise sages of Arab Chain, drawing upon the sacred scrolls of Binance’s XRP Realized Volatility (30D), reveals a truth most peculiar: volatility hath collapsed to its lowest ebb since the dawn of 2026. Yet, mark my words, this is no sign of peace, but rather the calm before the tempest. In the realm of crypto, such compression bears a name-and a history most tumultuous.
Monument Bank, a London-based financial institution, is planning to use blockchain technology to turn customer deposits into digital tokens. They intend to initially tokenize £335 million (around $250 million) on a public network, making them the first UK bank authorized to tokenize everyday customer savings. This innovative project will offer the benefits of digital tokens while still ensuring customers’ money is protected under standard banking regulations.