Crypto news

In a recent proclamation (we call it an “X post” because calling it a tweet would be far too pedestrian), Merlijn implores us to keep our squinty eyes fixated on Bitcoin’s monthly MACD-an acronym that sounds suspiciously like a fast-food chain but is, in fact, a Moving Average Convergence Divergence setup. This rare beast of a setup has previously signaled the onset of major bull runs, like a good alarm clock that goes off right before the important meeting you forgot about.

Nium, the global payments platform (fancy, isn’t it?), has hitched its wagon to Coinbase’s stablecoin train. Now, businesses can fund their accounts with USDC on Base, Ethereum, or Solana-all without breaking a sweat or uttering a single “blockchain” to their customers.

Aave has reopened its market for Wrapped Ether (WETH) on Ethereum at a time when there’s very little available, which has sparked criticism from MonetSupply, a director at Spark Protocol. In a post on X (formerly Twitter), MonetSupply called Aave’s decision poorly timed, explaining that the current interest rate system allows holders of Liquid Staking Tokens (LST) and Liquid Restaking Tokens (LRT) to create risky, self-reinforcing leveraged positions with assets like weETH, while regular users are limited in what they can do.

Now, let’s dive into the nitty-gritty! The paper breaks down blockchain security like a tasty chocolate bar, revealing that while the core infrastructure-think mining and hashing-is safe as houses, it’s those digital signatures that are sitting ducks waiting for a quantum quack!

In a move that smacks of both audacity and a touch of madness, Coinbase has unveiled its USDC-INR trading services for the Indian market, a land where crypto enthusiasts navigate tax codes as labyrinthine as the streets of Old Delhi. This, they claim, will smooth the path from crypto to fiat, a journey as fraught as a rickshaw ride in rush hour.

Two representatives progress with a bipartisan spell their chamber calls the Payments Access and Consumer Efficiency Act. They speak of transforming the daily traffic of money-how it travels through a nation’s arteries-so that fintech and crypto enterprises may connect directly to the Federal Reserve’s payment orders, through a regulated road that the Office of the Comptroller of the Currency keeps in his pocket watch, as a careful man keeps his ledger.

“When I see on-chain evidence that an institution is using XRP at scale then I will believe Ripple supporters,” he declares, his voice dripping with the same weary cynicism one might find in the taverns of St. Petersburg. In an interview with Coinpedia, no less, a platform where hope and hype often intertwine like star-crossed lovers in a Tolstoy novel.

And what of Iran’s Bitcoin toll, this supposed rebellion against the “western filthy fiat financial system”? Hayes, ever the pragmatist, demands proof, a transaction linked to a vessel’s toll payment, lest it be mere posturing, the IRGC trolling the world with the subtlety of a drunkard at a funeral.

The Financial Times’ Tale

The Financial Times, ever the chronicler of our age’s follies, paints a picture of Iran’s toll system, a system as intricate as a Dostoevsky plot. Hamid Hosseini, a spokesman with a name fit for a character in “The Brothers Karamazov,” explains: tankers must email cargo details, a toll of $1 per barrel is assessed, and payments must be made in Bitcoin, a currency chosen for its elusive nature, a ghost in the machine of international sanctions.

But are these transactions real? Do they exist beyond the realm of whispers and speculation? Hayes, our modern-day Ivan Karamazov, demands to see the ledger, the immutable truth, before he believes in this crypto utopia.

The Weight of the World (and Crypto)

The weight of Hayes’ skepticism is heavy, for the stakes are high. Jim Rickards, architect of the petrodollar system, a man who has seen the inner workings of financial power, lists Ripple alongside Bitcoin and Tether as potential currencies for Iran’s toll collections. The parallel financial system, a narrative as seductive as a siren’s song, hangs in the balance, awaiting the ledger’s verdict.

Hayes, ever the skeptic, ever the realist, waits. He waits for the blockchain to speak, for the truth to emerge from the digital ether. Until then, the crypto dream remains just that: a dream, a beautiful, tantalizing, and perhaps ultimately illusory vision.

So, the USDT supply on TRON just hit $86.7 billion? Mazel tov! On-chain logic says, “More stablecoins, more liquidity, more upside!” But here’s the schtick: TRON’s price is moving like a tortoise at a marathon. Buy volume? Rising. Network activity? Bubbling. But the price? It’s grinding like a bad accordion player. Not exactly a breakout, more like a breakdance with no rhythm.

In case you missed it, DoorDash is all in on this blockchain adventure with Tempo, signaling that stablecoins are crashing the gig economy party in the U.S. According to Fortune (yes, the magazine you pretend to read), this partnership is part of Tempo’s shiny new consulting gig, which aims to help companies figure out how to use stablecoins without losing their minds-or their money.

30 the labors of Binance culminate; spot, card, wealth, and futures streams surge forth.