The illustrious BitMine Technologies (BMNR) made waves last week, buying up what can only be described as ethereal leftovers after the crypto price dip, adding a sumptuous 202,037 tokens (or roughly $828 million if you care about earthly currencies) to its burgeoning treasure chest, as reported on a rather ordinary Monday.
The legislative document, crafted with the subtlety of a sledgehammer, mentions that Hong Kong is knocking on China’s door, asking for a little help with this wild idea. The goal? To develop stablecoins tied to the RMB that could settle cross-border trades and, hold onto your wallets, streamline digital payments. We know, it sounds like something straight out of a dystopian future where your payment options come with a side of government surveillance.
In the dusty plains of the crypto frontier, where fortunes rise and fall like corn in a drought, the mighty MARA Holdings has hoisted its mighty hand to snag another sack of Bitcoin-payin’ the pittance of 46.31 million for 400 BTC, all bought swift as a shadow through that slick institutional trader, FalconX. Ah, the times are volatile, brothers, with markets buckin’ like wild mustangs, but MARA just keeps accumulatin’, accumulatin’.
You know, in the parlance of our times, “deprecating the chain” sounds fancy, but let’s call it what it is: a grown-up game of musical chairs. Greg’s eyeing spots inside or outside Cosmos, keeping users’ workflows smoother than my attempt at yoga (read: not smooth). They’ll put out an RFP like it’s a bad reality TV casting call for blockchain suitors, and staking? Oh, honey, it’s getting an upgrade-think rewards that go beyond just noddin’ along in consensus. Solana’s apparently lurking in the wings as a “strong contender,” but Greg’s playing it cool, like he’s not about to jump ship on a whim. Mostly staying Cosmos-connected, though, because why burn bridges when you can awkwardly wave from afar? 🔍
After teasing us all like a cat with a particularly elusive mouse on social media, Saylor confirmed the purchase on Monday, stating that this latest acquisition swelled Strategy’s ever-growing stash of Bitcoin, like a squirrel hoarding acorns before winter. The company is practically renowned for its not-so-subtle strategy of hoarding BTC and displaying an unwavering faith that Bitcoin will miraculously transform the treacherous tides of financial volatility into a champagne fountain. 🍾
So, ADA decided $0.62 was too plebeian and bounced back to $0.70 like it was skipping a rock on a pond. 🪨💦 The V-shaped recovery? Basically a crypto flex, proving that even when it’s down, it’s not out. Spot demand is back, baby, and the bulls are sniffing around like they’ve found a truffle. 🍄 If they keep this up, $0.80 to $0.85 is next on the menu. But let’s not get ahead of ourselves-first, they need to stop tripping over the short-term EMA cluster. Clumsy bulls. 🐂💨
Synthetix’s native token SNX jumped more than 120% in the past 24 hours, according to CoinDesk market data. It’s back to levels not seen since before the 2022 market crash. So, guess what? The “dino coins” aren’t dead! Maybe they were just in a long nap, like a really, really long nap.
Yet, in this tale of woe, the analyst aixbt whispers a darker truth: Coinglass underestimates the horrors, suggesting unreported damages soaring to $300 billion or $400 billion, while Binance’s metrics-those supposed guardians of order-stand ludicrously askew, inflated by factors of ten to twenty. How quaint, the frailties of mortal instruments! 😂
The road to this glorious moment has been nothing short of dramatic. WazirX’s initial plan? A no-go. But don’t worry-after an intense revote, over 95% of creditors rallied behind the new plan. Can’t blame them, really. I mean, who doesn’t love a good comeback story? The recovery will be managed by Singapore-based Zettai Pte Ltd, and users should see payouts in USDT within the next 10 business days. This is a monumental moment for WazirX’s 16 million users, most of whom are based in India. After more than a year of holding their breath, they may just finally be able to breathe again. 🏖️
Unlike the retail gamblers who risk it all on wild bets, the big boys are playing a different game. They’re using market-neutral strategies, like basis trades, and keeping it cool while others sweat bullets. But hey, what’s new? 😜