Crypto news

Despite past disagreements with the Bitcoin community, Garlinghouse says he hopes Bitcoin will ultimately succeed.

Fees on the TON network have plummeted faster than a debutante’s standards at a society ball. Not a gradual descent, mind you-six times lower, practically evaporated. Durov, ever the showman, announced it with a flourish on X, leaving the crypto crowd clutching their pearls.

According to Hayes, the value of Bitcoin is solely determined by the creation of new fiat money – essentially, when governments print more money.

State Street and Galaxy Digital have launched SWEEP, a new fund that uses blockchain technology to bring traditional cash and liquidity management services onto public blockchains, as reported by CoinDesk.

Brian Armstrong recently shared a message with employees detailing a difficult decision the company had to make, and his post has generated a lot of discussion within the crypto world.

Apparently, short sellers got the memo too late-or maybe they were too busy doom-scrolling Twitter-and got liquidated faster than a Kardashian marriage. Oopsie! The price breezed past the $80,000 mark, which is like the velvet rope of the crypto club. If you’re not in by now, are you even trying?

The Boomerang — The Throw

Consider, if you will, the plight of the common trader, who, lured by promises of “life-changing tools,” finds himself ensnared in a web of financial folly. The Wall Street Journal, ever the vigilant chronicler of such tragedies, reveals that the least successful 10% of these souls have lost an average of $4,000 each. Ah, but fear not, for the sharks-those cunning professionals with their real-time data feeds and proprietary models-are here to “improve market efficiency.” How noble of them!

A spokesperson, no doubt dripping with the gravitas of a Victorian dandy, assures us that the company is “proactively mitigating quantum risk.” Proactively, mind you! As though one could simply wave a fan and waltz away from the specter of quantum supremacy. “Customer assets are safe today,” they coo, “but we must prepare for the future.” How quaintly prescient! One can almost hear the rustle of silk and the clinking of teacups as they ponder the “post-quantum world.”

For five days leading up to May 5th, Toncoin’s price stayed relatively stable, fluctuating between $1.30 and $1.35. However, after Pavel Durov made an announcement, the price quickly jumped from $1.35 to a peak of $1.895 – a 40% increase triggered by that single event. Currently, TON is trading at $1.888.