After a three-day winning streak that made it look like Bitcoin was on a sugar high, it suddenly decided to take a nap on Thursday, peaking just above $97,000. Even Trump’s dramatic Insurrection Act threat-which, let’s be honest, was more soap opera than policy move-couldn’t jolt it awake. 🥱 Meanwhile, the DOJ’s subpoena of the Fed last time had Bitcoin rallying like it was Black Friday. This time? Crickets. 🦗
Nikita Bier, the product lead with a name that sounds like it was plucked straight from a Russian novel, lamented that this model birthed “a tremendous amount of AI slop and reply spam.” With the bots now getting the boot (not to be confused with booting up your computer), he claims that the quality of content should skyrocket. Apparently, all it takes is a little corporate-level culling to bring back the golden age of genuine tweets. Who knew? 🤷♂️
Only a week past its notable success in the United Kingdom, where it was granted a full EMI license and Cryptoasset Registration, Ripple now finds itself firmly ensconced in both the UK and Luxembourg-two jewels amongst European financial crowns!
A Trio of Temptation 🤔
Bloomberg’s Eric Balchunas, that sharp-eyed scribe of the market’s more absurd antics, notes this semantic shift is no accident. “Crypto” has the social grace of a rogue algorithm, while “digital assets” smells faintly of lavender and institutional approval. A slide deck for a fund manager now glows with the sheen of respectability. How modern! 🧼
EGRAG CRYPTO reports that Bitcoin is currently experiencing a period of consolidation near the bottom of its upward trend. While the overall trend is still intact, they note that selling pressure is increasing.
London Stock Exchange Group has launched a new digital settlement platform. The platform allows for a continuous settlement with 🧾 tokenized 🏦 commercial bank deposits, cross-currency, and cross-jurisdictional. 🌍
XRP is currently doing the cha-cha-cha with its 23/50-day moving averages, forming a golden cross so classic it could be in a museum. The 200-day moving average at $2.3268? Let’s call it a “psychological barrier” because nothing says “confidence” like $2.32. From $2.1142, that’s a 9.69% jump-perfect for those who like their trading strategies as spicy as their takeout.
Global precious metals markets have been throwing glitter all week, with gold and silver smashing previous records, according to market data and the kind of analysts who sound sophisticated while sipping coffee. The vibe? Conditions for a Bitcoin rally might be brewing, like a suspiciously well-timed plot twist.
Anyway. The deal? BVNK is going to serve as the stablecoin wingman (or maybe the entire wing?) for Visa Direct’s $1.7 trillion money-moving cash machine ⚙️💸. And by “wingman,” I mean they’ll actually do the techy stuff so businesses can pre-fund and pay people out in stablecoins – you know, those digital dollar clones that promise not to give you a panic attack every time you check your balance (unlike some cryptocurrencies we could mention 👀).
