Right. So. Massive week for crypto, largely thanks to a certain orange-hued overlord making decisions faster than my ex swiping right on Tinder. šŗšø The U.S. decided stablecoins need rules (shocking), Ripple and the SEC are still bickering like siblings over the last Jaffa Cake, and Bitcoin somehow became more attractive than gold. As if.
Alsoāshockerāinflation is still a thing, people are moving illicit funds like it’s Monopoly money, and Wall Street banks are now desperate to get in on the crypto action. Typical Tuesday, really.
Anyway, Iāve done the hard work of actually reading all this drivel so you donāt have to. Letās go.
#1 GENIUS Act (Because Everything Needs an Acronym Now) š§
Apparently, stablecoins need backing now? Who knew. Trump signed some bill that essentially says, āYes, your funny internet dollars should probably be backed by real dollars.ā Groundbreaking.
Trump, being his usual subtle self: āThis is America winning. Bigly.ā š
Still, itās progress. Sort of.
#2 Trump Wants Your 401(k) In BTCāBecause That Wonāt Go Wrong š¤
In news that surprises absolutely no one, Trumpās about to let Americans gamble their retirement savings on crypto. Because nothing screams āfinancial stabilityā like betting your golden years on Dogecoin. š
The official White House line? āProsperity for everyday Americans.ā The reality? Absolute chaos. Bring popcorn. šæ
#3 Standard Chartered Joins the Party (Late, As Usual) š¦
Breaking: old bank does something edgy! Standard Chartered is now offering Bitcoin and Ethereum tradingābecause nothing whispers āradical disruptionā like a British bank getting involved. Their CEO mumbled something about āevolution of financial services,ā but we all know itās FOMO.
#4 Inflation Still Exists (Surprise!) šø
Juneās CPI: 2.7%. Core inflation: still hanging around like that one guest who wonāt leave the party. Bitcoin dipped for like five minutes, then carried on like nothing happened. Priorities.
#5 WazirX Hack Drama & Suspiciously Timed XRP Movement šµļøāāļø
Someone moved ā¹1,500 crore worth of XRP just before WazirX got hacked. Coincidence? Probably. Suspicious? Absolutely. CEO Nischal Shetty insists it was āroutine,ā which is what we all say when caught doing something dodgy.
#6 Grayscale Wants to IPO (Because Why Not?) š
They filed confidentially (oooh, mysterious) with the SEC. Translation: āWe might go public, but also maybe not, depending on how excited people get.ā Riveting.
#7 Crypto Market Cap Near $4TāStill Behind NVIDIA š
Friday was wild. Ethereum up, XRP up, Bitcoin casually flirting with $120K. Total market cap? Nearly $4 trillion. Still less than NVIDIA, though. AI wins, apparently. š¤
#8 Ripple vs. SEC⦠Still Happening. Yawn. ā³
Ripple paid $125Māin cash, sorry, XRP fansābut appeals are still pending. At this point, Iāve aged three years waiting for this lawsuit to end.
#9 Bitcoin > Gold (Because Of Course) š
BTC officially outperformed gold this year. Honestly? It was inevitable. Gold doesnāt have memes.
#10 Cybercrime Having a Field Day š
Cross-chain crime tripled since 2023, because criminals love efficiency. North Korean hackers alone moved $2.5B. Productivity goals?
Quick š„ Spicy Takes
- Citi wants a stablecoināprobably called Citicoin or something equally dull.
- PUMP token raised $600M in 12 minutes, proving memecoins remain the internetās most efficient grift.
- Trump might fire Fed Chair Powell? Or not. Who knows.
- El Salvadorās BTC stash now worth $760Mātake that, IMF.
- DOJ ended Polymarket probeābetting on politics is fine again. Until next week.
Whatās Next? (Spoiler: More Chaos)
Stablecoins will become respectable (ugh), Trump will likely tweet something unhinged, inflation will linger just to annoy everyone, and crypto crime will evolve like a PokĆ©mon. Stay tunedāsame crypto-time, same crypto-channel. š
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2025-07-19 16:00