Apparently, the critter breached resistance at $3.92 with “exceptional volume” exceeding 7 million, which the smarty-pants folks say means “institutional accumulation” and “continued upward momentum.” Or, in plain English, the bigwigs are hoarding it like it’s canned beans before a storm. 🌪️🥫
On the sixth of August, a Tuesday no less-there is always a Tuesday when history changes course-the third such apparition of this so-called USD1 occurred via CryptoQuant, that sextant of crypto-addled mankind. A tidy $23 million arrived; thin air gave birth to ironclad certainty. USDT and USDC peered from the corner of the ballroom like overdressed dowagers whispering: “Another one? How delightfully bourgeois.” 🔍👜
Grab your coffee (or your crypto tears) and let’s dive into the venture capital (VC) circus. Apparently, VCs are still throwing money at crypto startups like it’s 2021, but with the enthusiasm of someone who’s been ghosted by Bitcoin. 👻💸 Investors are betting big on blockchain, from AI-driven DeFi to tokenized assets, because who needs a stable economy when you can have digital chaos? 🎢
In a press release so glossy it reflects moonlight, Circle presents Arc: an EVM-compatible marvel that pays gas fees in USDC (because nothing screams decentralization like paying fees with the very coin you minted). It plugs in an FX engine that swaps currencies faster than you can mispronounce “rouble” and offers privacy controls-optional, of course, lest someone accuse big business of respecting secrets too much. 😏
In one of his recent soliloquies, Pal laid out the landscape of the crypto world, dividing it into three acts: the safe, established layer-1 tokens he called “idiot-proof,” the middle act of DeFi tokens, a bit trickier but still within reach, and then the final act, the “moron trade,” where the newbies would flock to the cheaper seats, buying low-priced tokens without much of a second thought. He assured everyone that the term was more about the behavior than the people, but it sure did make headlines.
According to crypto.news market data (which sounds like something out of a Discworld novel), SUI has been feeling particularly glum lately. Over the last day, it dropped another 4.6%, trading at $3.67. That’s nearly 16.3% off its July high, and frankly, it looks like it might need a hug-or possibly a stiff drink.
According to some fancy report from the Financial Times – because who else? – these giants have roughly doubled their European stash. Who knew size actually mattered? Apparently, these firms are now calling the shots with over $4.9 trillion. That’s more zeroes than most of us can even dream of a good night’s sleep about.
Now, under this shiny new MOOV2 upgrade, only those with the golden ticket (i.e., whitelisted addresses) can directly submit resolution proposals. For everyone else, it’s like being at a fancy party without an invitation-unless, of course, you can tag one of the chosen ones to submit on your behalf. But fear not, dear readers, for the rest of us can still play detective and dispute any dodgy proposals we come across. It’s all about improving the quality of these proposals and, hopefully, cutting down on the squabbles, especially in those straightforward markets like sports or cryptocurrency prices. 🏆💰
In a recent strategy session, Cowen, addressing his legion of 917,000 YouTube acolytes, suggests that this largest of digital assets, akin to a phoenix rising from the ashes, may very well ascend to a cycle peak in a matter of mere months, all based on the whims of historical patterns. Ah, the irony of history repeating itself!
According to this eye-opening study, stablecoins are not just a passing fad; they’ve become the rock stars of the cryptocurrency world in Sub-Saharan Africa (SSA). Nigeria and South Africa are leading the charge in stablecoin adoption, while Ethiopia, Zambia, Mauritius, Kenya, and Ghana are experiencing a meteoric rise in stablecoin usage. Who knew that digital coins could be so popular? It’s like the new avocado toast of the financial world! 🥑💸
