Crypto news

In an astonishing display of fiscal gymnastics, 6,632 BTC glided smoothly from one anonymous wallet to another, like a well-rehearsed ballet on the grand stage of cryptocurrency. At the time of this whimsical transaction, our beloved Bitcoin was valued at a jaw-dropping $521,196,758. One cannot help but wonder if this was the result of an overzealous OTC sale or merely a whale indulging in a bit of financial feng shui by shuffling their Bitcoin hoard.

This is no mere ledger shuffle. It heralds a seismic shift in how institutions, once paralyzed by red tape, now pirouette toward digital asset custody and yield generation with the grace of a drunkard on a trapeze.

Lim Say Cheong, an award-winning finance and digital assets leader, with deep experience across global capital markets and sovereign advisory, now focuses on advancing tokenized gold-a pursuit as noble as it is bewildering. He recently joined the Bitcoin.com News Podcast to discuss the technology, where he undoubtedly explained everything in a way that left listeners both enlightened and profoundly confused.

Behold, the CryptoQuant scribes have deciphered the runes, comparing the febrile months of February to April 2025 with the present malaise. In those halcyon days, the Coinbase Premium Index, though oft dipping into the shadows, would swiftly return to the light. Discounts were but fleeting phantoms, absorbed by the voracious appetite of tactical sellers. Yet now, the shadows deepen, and the light grows dim. The current epoch is marked by a persistent negativity, a gaping wound that bleeds unchecked. US-based investors, once the stalwart guardians of the realm, have retreated, leaving the battlefield strewn with unresolved discounts and the bitter taste of abandonment.

This milestone, akin to discovering a long-lost sock under the bed, represents a pivotal moment in Ripple’s quest to spread its digital wizardry across the vast and mysterious markets of Europe.

Periods of consecutive monthly losses, notably in 2014 and again in 2018, marked the unwind of overheated rallies rather than structural failure. Recent weakness follows the same pattern, which is just a fancy way of saying, “Hey, remember that time we all lost our minds and now we’re paying the price?”

Traders, those ever-watchful souls, are now clutching their pearls and charts, pondering whether the next support levels will halt this downward spiral. The crypto market, in its current state of frailty, has only exacerbated the decline. Network activity and institutional interest? Darling, they’re but mere footnotes in this melodrama of short-term bearishness.

According to a letter that’s hotter than a subway platform in August, first spilled by CNN’s Allison Morrow, James and her crew (including Manhattan DA Alvin Bragg, who’s probably juggling this with his other 47 jobs) are calling out the GENIUS Act for being more like the “Oops, We Forgot to Protect Victims Act.” They argue it gives stablecoins a shiny “imprimatur of legitimacy” without bothering to add the necessary guardrails to stop terrorism financing, drug trafficking, money laundering, and cryptocurrency fraud. Because who needs safeguards when you can just call it “genius,” right?

This expansion, a marriage of convenience between Opera and Tether, brings the USDT stablecoin and the gold-backed XAU₮0 token-a bridged creation not of Tether’s own making-into the embrace of MiniPay, Opera’s self-custodial wallet built on the Celo blockchain. A noble endeavor, no doubt, targeting the wretched of the earth in Africa, Latin America, and Southeast Asia, who, deprived of traditional banking, now have access to digital dollars. MiniPay, since its late 2023 debut, has processed 350 million transactions and activated over 12.6 million wallets. A triumph of technology, or merely a new guise for old exploitation? The jury is still out.

The 1-day chart, a canvas of hope and despair, reveals a bullish shift in December, as if MYX had discovered a hidden script. Buyers, emboldened by this revelation, pushed prices above the $3.7-$4.0 supply zone, a barrier as stubborn as a Chekhovian landowning peasant. The 20 and 50-period moving averages, those faithful narrators of trend, have chronicled MYX’s ascent with quiet approval. Over the weekend, MYX defended the 50 DMA with the tenacity of a character in a Chekhov play, only to bounce higher, leaving onlookers to wonder if this is comedy or tragedy.