One of the biggest beneficiaries of this bullish wave is Ethena’s native token ENA, which has surged a whopping 25% in the past 24 hours 🚀. This makes it the top gainer in the market today, because who doesn’t love a good underdog story? 🐕
This innovation, which leverages the latest in cryptographic wizardry, allows on-chain token balances and transaction amounts to remain as mysterious as a sphinx, all while maintaining compliance and auditability when necessary. It’s a bit like having your cake and eating it, too – or rather, having your cake, eating it, and then pretending you never had any cake in the first place.
The review marks the first major test of the Markets in Crypto-Assets Regulation (MiCA), which became fully effective across the EU in December 2024. MiCA entered into force in June 2023 and includes substantial ‘Level 2 and Level 3’ measures that must be developed before the entry into application of the new regime.
The XRP price today has displayed a strength worthy of Hercules, climbing over 7% in just 48 hours and currently floating around $2.59. This upward trajectory follows Ripple’s announcement of a new custodial partnership with BNY Mellon, a deal that many believe will fortify the utility and institutional respectability of the XRP coin. Imagine, a mere cryptocurrency rubbing shoulders with the titans of finance! 🏛️💰
And get this, the acquisition comes just days before Pump.fun’s highly anticipated Initial Coin Offering (ICO), where they aim to raise a staggering $1 billion. A billion dollars! That’s more than I’ve ever seen in my life, and I’ve been to a few fancy restaurants. 🍔
Unlike the previous episodes of euphoria, which were often fueled by the whims of retail investors and the reckless use of leverage, the current ascent is a more measured and structurally sound affair. 🎩✨
Davinci reminds the crypto community that “crypto is not easy.” He describes the cryptocurrency space as “the most mentally challenging, competitive sport in the world,” where players are vying for victory. However, there are certainly positive aspects to it, he adds: “But it’s also the most rewarding once you make it.”
If perchance you are still perched on the edge of indecision, yearning for a clear sign concerning the world of stablecoins and the intricate web of crypto infrastructure, magnify your gaze: Ripple’s luminary, Brad Garlinghouse, has declared a future where stablecoins could grace us with a handsome $2 trillion market cap in a very few fleeting years. 🚀
Just a few weeks ago, Hayes was warning that the U.S. Treasury’s efforts to rebuild its cash balance at the Fed, known as the TGA refill, could pressure risk assets by draining liquidity from the market, dampening short-term sentiment. But the crypto market’s sharp move higher this week appears to have invalidated those fears. “I was slightly bearish in my last essay due to TGA refill. What changed? $BTC busted through ATH on good volume,” he wrote.
Under this strategic partnership, TxPipe will be in charge of organizing hackathons, workshops, and meet-ups at IOG’s Buenos Aires office. They’ll be using the company’s TX3 developer toolkit to onboard engineers to the Cardano ecosystem. IOG, on the other hand, will provide the venue, logistical backing, and promotional reach. Both firms have also committed to co-hosting community events that will showcase Midnight, IOG’s privacy-focused protocol. 🤝