But, lo and behold, as we dive into the murky waters of coin-specific catalysts, we find none! Indeed, the network’s recent performance could be described as lackluster at best. A report from AMBCrypto, that beacon of crypto journalism, has even suggested that our beloved Layer 1 network may hold a high market cap while attracting a dismal number of active users. Ah, the irony!
The economist and gold advocate Peter Schiff took to X this week with a string of posts that read like a sneaky lecture at a financial TED Talk, criticizing Bitcoin’s price antics, the current market froth, and corporate exposure tied to the crypto asset, all while reiterating his belief that Bitcoin is more of a speculative glitter than a bedrock of value.
The Ethereum Name Service, that rumor in the corridors about a perfect address, has canceled its Namechain Layer 2 rollup. The gas on the main thoroughfare-the Ethereum mainnet-has fallen so far that a separate balcony seems unnecessary, and the crowd yawns with relief as if a bill finally disappeared from the ledger.
36-year-old Renat Abramov, a dual citizen of the U.S. and Azerbaijan, apparently found that being a “relationship manager” meant he could open accounts for shell companies faster than you can say “know-your-customer.” Spoiler: He didn’t actually know anyone. Just forged documents, fake checks, and a serious case of moral bankruptcy.
Bitcoin, meanwhile, managed a 5.66% ascent, and the total crypto market cap crept 5.33% higher-a parade of numbers marching in lockstep, while the crowd pretends not to watch the feet.
On that fateful Friday, the Ethereum co-founder Vitalik, in a fit of altruism or perhaps whimsical fancy, bestowed upon Shielded Labs a second round of funding. This act, intended to hasten the development of Crosslink for the Zcash network, shifts it from mere idle speculation into a pulsating, incentivized testnet.
The discourse has crescendoed as bitcoin’s price plummeted, even as institutional interest, ETFs, and derivatives markets swelled. Critics, with the fervor of modern-day alchemists, insist that bitcoin’s fixed onchain supply remains a mythic relic, while price discovery now resides in off-chain layers of synthetic exposure, a system resembling a fractional-reserve bank rather than a scarce digital asset.
Yet not every fall in mood translates into an exodus of tenants. When conviction remains, investors stash their money elsewhere, like a wary landlady hiding the silverware, waiting for conditions to tilt back toward risk-on and for the street loiterers to forget their rudeness.
Yes, indeed! The officials have deemed it wise to treat crypto transactions with the same gravity as stock trades, rather than allowing them the carefree nature of casual peer-to-peer exchanges. Remarkably, this levy is set to apply even when one walks away from a trade without so much as a single gain in their pocket!