So, here’s the scoop: Tether, the wily wizard behind the world’s biggest stablecoin, USDT, just couldn’t resist adding yet another $70 million worth of bitcoin to its ever-growing stash. It’s all part of a cunning strategy tied to its stablecoin escapades.
In a country where the coffee is strong and the spreadsheets even sturdier, a staff paper from Danmarks Nationalbank confirms that only a sliver-4%-of Danish citizens own crypto assets, and most of those wallets contain less than DKK 10,000. Don’t panic, the universe has not decided to collapse into a spreadsheet-shaped crater just yet.
Ted Pillows-still can’t get over that name-hits Twitter (or is it X? Who cares?) to declare Solana treasury companies are basically “Solana memecoins.” Down 80% to 90%? Yeah, that’s not a dip, that’s a nosedive into the Mariana Trench. And he’s like, “Oh, but it could go lower!” Thanks, Ted. Real helpful.
We’ve shared a new proposal on the forum for the community to discuss. We think this proposal is a strong step towards building a healthy and sustainable system for the future of our project, and sets a great example for how things should be done in the decentralized finance (DeFi) space.
Here’s a breakdown of what the proposal covers:
According to the ever-so-serious crypto analyst, Michaël van de Poppe (a name that sounds like it belongs to a Dutch explorer, not a financial guru), the war is sending the markets into a spin. He declares, with all the gravitas of a man who’s just discovered fire, that if this conflict persists, our beloved cryptocurrencies shall be left in the dust. However, he then proceeds to inform us that the U.S. economy is as weak as a kitten with a cold, and the Fed must resort to printing money like confetti at a carnival. How delightful for these “risk assets,” as he so quaintly puts it.
A leading core Bitcoin developer said he would rather see the estimated 5.6 million bitcoin he believes to be lost frozen by the network than risk them falling into the hands of future quantum hackers.
The question now isn’t *if* Bitcoin has bounced back to a key support level, but whether this recovery is strong enough to suggest it will reach $90,000. We need to see if it’s a genuine upward trend backed by real market data and overall economic conditions, or just a temporary price increase that won’t last.
Sumsub, that self-proclaimed champion of identity verification in the crypto realm, is now under the microscope for its lack of transparency and security practices. A recent report peeled back the curtain on a data breach that had all the subtlety of a marching band at a funeral.
Enter Matt Hougan, the chief investment officer at Bitwise, who boldly proclaimed that Bitcoin might just eclipse gold’s mind-boggling $34 trillion valuation one day. But there’s a catch: it has to be a store of value and a functioning currency. Talk about setting the bar high-can we get a round of applause for lofty ambitions?
The caption for the picture of Saylor cradling an all-orange Rubik’s cube was “Millions of Possibilities, One Solution.” And the solution, we are told, is not BTC but STRC. A neat pivot, as if the cube itself could be twisted into a new god of finance, while the old one-Bitcoin-begs for mercy from a ledger that never blinks.