Matador, a company thatās as much about Bitcoin as a cowboy is about his horse, announced on Wednesday that they have an interim goal of buying 1,000 Bitcoin (BTC) on or before 2026. Their grand vision is to accumulate 6,000 BTC by 2027, a number thatās as impressive as it is daunting. šš¼
Now, the companies are all set to break into the UAE market, as if it wasnāt already evident that demand for secure and compliant asset infrastructure in the region is skyrocketing. Itās almost like people want their money to be safe or something. š¤
Bitcoin, the ever-restless, began its descent from the new all-time high at $123,200. It dipped below the $122,000 and $120,000 support levels, entering a short-term bearish zone, a place where dreams of higher glory are met with the cold reality of the market.
Despite the *grim* resistance from sellers, XRP has decided to be the stubborn mule of the crypto world, refusing to let go of its dream to breach the elusive $3 barrier. Breaking past $3.02 last week was a big deal, but *oh*, how it faltered, consolidating just beneath that critical milestone. The chart now resembles a *bullish cathedral*, with moving averages hanging high above like the distant hopes of a tired traveler.
The company announced on July 16 that it had entered into a securities purchase agreement for $60 million worth of the Binance token BNB (BNB), with Build and Build Corp leading the funds raise.
Our pal Bitcoin is holding onto its crown like a nervous king at a carnival! Despite the market playing musical chairs with investorsā sanity, the digital gold is still seen as a shiny shield against inflation. Ryan Cohen, the head honcho over at GameStopāyes, the same guys who made a circus out of Wall Streetāsays heās got a real crush on Bitcoin as a fortress against fiat currency erosion. āI look at Bitcoin as a hedge against inflation and global money printing,ā he proclaimed, probably with a cigar in one hand and a goblet of unseen riches in the other. š·
By a 215-211 vote, the House agreed to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which, if you can believe it, creates federal oversight for stablecoin issuers and could reach President Donald Trumpās desk by weekās end. š¤·āāļø Lawmakers also cleared the Digital Asset Market Clarity Act, establishing comprehensive crypto market regulations and clarifying roles for the SEC and CFTC, alongside a measure that, in a shocking twist, bars the Federal Reserve from issuing central bank digital currencies (CBDCs) directly to individuals. š¤Æ Not a single Democrat representative supported advancing the bills, following a tense earlier procedural vote that initially stalled the effort on Tuesday, making it a real nail-biter! š¬š„
Now, it seems Trump’s got a bit of a grudge against Powell, what with him not cuttin’ interest rates and all. And let’s not forget that fancy-schmancy $2 billion renovation of the Fed buildin’! Why, that’s just a mighty fine way to get a fella’s goat, if you ask me. But some folks think Trump’s just tryin’ to get under Powell’s skin, like a pesky little brother. The thing is, though, that draft letter suggests Trump might just be serious about givin’ Powell the axe.
Now, letās talk about this sturdy little number known as the 0.618 Fibonacci retracement, which sounds like something out of a wizard’s spellbook but is really just a fancy way of saying our friend Fetch.ai has some decent bounce-back potential. Itās not just a numberāno, no! Itās the trampoline of technical analysis! When it hit the ground at the value area low, it made quite the scene, heralding the classic āI am a rubber ballā recovery. š
Announced on July 16, the partnership positions Rippleās custody infrastructure at the heart of Dubaiās digital property transformation. Ctrl Alt, a licensed Virtual Asset Service Provider (VASP) under Dubaiās Virtual Assets Regulatory Authority (VARA), will issue and manage tokenized real estate titles directly on the XRP Ledger.
