Crypto News

Stablecoins, those digital sirens, have seized the spotlight once more, with all their highs and existential hiccups. Leading this tragicomic cast is Tether (USDT), strutting like a peacock with a $170.9 billion market cap and a 2.33% monthly bump, according to the oracles at defillama.com. With the stablecoin market now at $290.483 billion, Tether reigns supreme, clutching 58.83% of the pie-a pie baked in the fires of hubris and hope.

But wait-before we start singing hallelujahs for this valiant endeavor, let’s not forget that this same FCA, in its infinite wisdom, is seen by many as a slow, lumbering bureaucratic titan-its regulatory efforts often criticized as being more fragmented than a shattered mirror. A fine mess to be sure.

Bitcoin, like a brooding Russian hero returning from exile, staged a resolute comeback after wandering below $115,000-then, with an impish grin, vaulted beyond $116,000, peaking at a cheeky $116,935. Midway, it slid to a moody $116,224, only to recover with a defiant wink, crossing $117,000 and settling at the pleasantly smug $117,235.

According to the ever-watchful CryptoQuant, Bitcoin investors have been doing the digital equivalent of packing up their valuables and hiding them under the mattress. Yep, they’ve been moving their Bitcoin away from exchanges in anticipation of what might come after the FOMC meeting. No one likes surprises, right?

The current price range is less of a “consolidation” and more of a full-blown tug-of-war between those who want to accumulate and those who are looking to cash in. Every time LINK gets near that $24-$25 zone, the resistance laughs in its face. But don’t panic just yet-there’s still hope for a breakout. If it manages to break through, we’re talking a potential sprint to $28, and-dare we say it-$30 could be right around the corner. 🏃‍♂️💨

Rumour has it, any clandestine accord will naturally concern stablecoins-a veritable powder keg of policy opinions. The American approach under President Trump was cheerfully laissez-faire (or, as some might say, “Let’s just let it run wild!”), while the Brits have behaved more prudently, clutching their teacups and side-eying every digital shilling.

The Bitcoin Act wants the U.S. government to buy 1 million BTC over five years. Imagine the headlines: “Taxpayers Fund Bitcoin!” It’s either genius or a plot by aliens to take over the planet. Either way, it’s positioning Bitcoin as a “macro asset” (read: not your grandmother’s savings bonds).

Each of these rising stars is enjoying the silent worship of large holders while constructing chart patterns that could serve as springboards into the unknown heights of speculation.

Bitwise, that indefatigable gladiator of the crypto coliseum, has been filing like a novelist on deadline – launching their Avalanche ETF just a day prior. Clearly, they fancy capturing every conceivable corner of the crypto bazaar before breakfast.

In a move that screams “we’re not here to make friends, we’re here to make Bitcoin,” Metaplanet has announced it’s spreading its wings (and its crypto) across the U.S. and Japan. Because why stop at one continent when you can conquer two? 🇺🇸🇯🇵