Crypto news

Matt Luongo, founder and CEO of Thesis (the venture studio behind projects like Mezo, tBTC, and Lolli), wrote this article. A software developer with a long history in Bitcoin – he’s been building on the technology since 2014 and previously co-founded Fold, a company now listed on Nasdaq – Luongo’s current work stems from his own experience trying to secure a mortgage using Bitcoin. This led him to recognize the need for a better credit system within the Bitcoin ecosystem. Thesis has received funding from prominent investors including a16z, Polychain, ParaFi, and Pantera. Luongo frequently shares his insights on topics like self-custody finance, Bitcoin-based lending, and the future of financial services.

Now, the Yankees and the Dragons are locked in a fandango of wires and widgets, each aiming to be the top dog in this here AI circus. Anthropic, bless their hearts, insists the Stars and Stripes gang mustn’t let the Red Team sneak past ’em.

With a prize pool of up to $5,000,000 USDT (yes, you read that right-five million), luxury giveaways that would make a sultan blush, and the chance to prove that human intuition is more than just a fancy way of saying “gut feeling,” this is one competition that’s not for the faint-hearted. Or the mathematically challenged. Under the rallying cry “Squad Up. Beat AI.”, traders worldwide are being summoned to prove that they’re more than just flesh-and-blood algorithms.

In a move that could only be described as a capitalist’s fever dream, Hana Bank, that stalwart of traditional finance, has cast its lot with the digital underworld. With a flourish of ink and the stroke of a pen, they have acquired a $670 million stake in Dunamu, the master of ceremonies behind South Korea’s … Read more

The numbers, they say, do not lie: $3.3 million in the Bitwise Solana Staking ETF, $3.5 million in the Grayscale Ethereum Staking ETF, and a hefty $7.7 million in BlackRock’s iShares Bitcoin ETF. A trifecta of modern investment, all neatly packaged in regulated products. No direct token custody here-too risky, too wild for the hallowed halls of Dartmouth. With an endowment nearing $9 billion, this crypto foray is but a drop in the ocean, yet it speaks volumes of their appetite for the unconventional.

Of course, the bears had to crash the party, pulling the price back to $1.48. But the bulls, ever the optimists, are still humming a tune about a “healthy rebound.” Because, you know, nothing says “healthy” like a market that can’t decide if it’s a bull or a bear or just a confused badger.

XRP, you see, has embarked on a fresh upward move, much like Jeeves when he’s decided to sort out one of my more calamitous schemes. Surging past $1.450 and $1.4650, it gained pace with the sort of determination that suggests it’s got its eye on the silverware. A clear move above the $1.480 resistance, and the bulls-bless their cotton socks-pumped the price toward the $1.520 zone. A high of $1.5496 was achieved, after which it entered a consolidation phase, as though pausing to catch its breath and adjust its spats.

Bitcoin’s price jumped above $82,000 on Sunday and Monday, but it hasn’t been able to maintain those gains. Since then, the price has been falling, and that decline sped up on Wednesday, briefly dropping below $79,000.

Key Takeaways:

Indicators like the MVRV Z-Score, exchange balances, and Bitcoin ETF holdings point to a fundamental change in the market, not just a typical slowdown. While individual investors haven’t been very active, large institutions have been buying Bitcoin at an unprecedented rate.