Crypto News

BNY’s latest trick? Mirroring institutional clients’ cash balances on a private blockchain. A noble endeavor, one might say, if you ignore the fact that banks have been “innovating” since the invention of the ledger. 🕵️‍♂️ The service kicks off with collateral and margin workflows-those sacred rituals of the financial priesthood. BNY’s traditional systems keep records in their own private blockchain, which is just a fancy way of saying, “We’re too busy to trust anyone else.”

The report addressed a major concern for cryptocurrency markets, but it’s not enough to cause prices to quickly return to $100,000.

As of this galactic press time, HYPE is hovering around $25, with a market cap of $6 billion. That’s enough to rank it #31 in the crypto circus, but let’s be honest, who’s counting? Oh, right, everyone. Anyway, it’s down nearly 3% in the last 24 hours, despite a modest 2% gain over the past week. So, it’s basically the financial equivalent of taking one step forward and then face-planting into a cake. 🍰😩

Right now, Bitcoin is lounging at $91,000, which is like telling a kid they can’t have cake until they finish their broccoli. Why? Because the big boys in West Texas’ Wholesale Acquisition Hub [WAHA] say the breakeven price is closer to $95,000-$96,000. Fancy, isn’t it? 🎩💸

Indeed, Solana’s (SOL) price action continues to display notable strength, with the market maintaining a bullish structure defined by higher highs and higher lows. Following a recent impulsive move higher, Solana has now delivered a clean bullish reaction from the 21-day exponential moving average, a level that often acts as dynamic support during trending conditions. A marvel of market mechanics, this reaction is as inevitable as the sunrise. ☀️

Now, listen close. In the past day, folks have started poking their heads out of their holes, eyeing Shiba Inu like it’s a ripe peach. Open interest, that ol’ reliable barometer of desire, has ticked up by 1.89%. That’s right, investors are sniffing around this meme coin like it’s a bone buried in the backyard. 🦴

BlackRock hath moved 293 million dollars’ worth of Bitcoin and Ethereum to Coinbase in a notable shift, which cometh as 2.2 billion in crypto options are set to expire today. 🚨💸

The rally, like a banner raised over a hard-working block, is fed by Polygon’s Open Money Stack-a payments-focused framework aimed at stablecoins and institutional use-along with a spike in token burn activity; the ledger coughs up numbers, and the crowd pretends they are fate. 💥

The S&P 500? Oh, it’s still prancing around 10% above its 200-day average, acting like it owns the place. And the market cap-to-GDP ratio? Let’s just say it’s wearing a tuxedo at a barn dance-way out of place. All this hoopla’s pushing folks into hard assets like silver, while poor ol’ crypto’s left holding the empty punch bowl. 🥊

Joining him are Ripple CEO Brad Garlinghouse (because who better to discuss cross-border payments than someone who’s clearly never actually crossed a border) and President Monica Long, who will presumably drop some visionary insights while sipping a latte from a crypto-branded cup. Schwartz, meanwhile, will wrap things up with a live AMA. Nothing says “trust me” like a Q&A where he’ll probably just say “it’s complicated” 47 times.