Crypto news

Bitcoin analyst Willy Woo claims that Strategy can clutch its Bitcoin like a dragon guards gold, no matter how stormy the crypto seas get. 🐉💰

Bitcoin rose about 1% since midnight UTC after two days of declines that saw it drop to the lowest price since June at one point. Ether, which slid as much than 20% over the 48 hours – the steepest drop in three months – added 2%. (Bitcoin: “I’m just here for the 1%.” Ether: “I’m a disaster, but I’m trying!”)

According to their ledgers, this loan is but a trifle-a mere 3% of their colossal Bitcoin stash. A buffer, they say, against the tempestuous whims of the market. And what a stash it is! 30,823 BTC, valued at a staggering $3.5 billion. This places them fourth in the global pantheon of Bitcoin-hoarding corporations, and the undisputed titan in Asia. Yet, they proceed with the caution of a cat burglar, borrowing modestly, lest they awaken the slumbering dragon of financial risk. 🐉

This letter is basically the banking world’s version of a toddler throwing a tantrum over a new toy. They’re mad because the Treasury proposed rules about stablecoins and the ABA is like, “NOPE, we wrote the rules, and they said NO INTEREST!” 🚫💸

Gemini, that brainchild of the Winklevoss twins-those modern-day Prometheuses of the blockchain-is reportedly plotting a new escapade. This time, it’s not just about trading coins but about foretelling the future. Or so they claim. Bloomberg, ever the harbinger of financial whimsy, broke the news on a Tuesday, as if the gods of commerce needed a midweek spectacle. 📰🤹‍♂️

While Bitcoin staggers below $100K – likely to sober up in a hedge fund’s basement – and $2+ billion in leveraged dreams are sent packing, Zcash (ZEC), that most polite and discreet of cryptocurrencies, somehow dances through the chaos in a tailored tuxedo, smoking a metaphorical cigarette holder. 🕶️💨 How? Well, perhaps it wasn’t quantum cryptography or institutional whales… but the ancient, entirely unpredictable phenomenon of a dinner conversation.

Enter Arthur Hayes, former co-founder of BitMEX, dashing rogue and crypto’s resident James Bond with margin calls, and Naval Ravikant, guru, philosopher-king of AngelList, and occasional tweet philosopher. They met. Sparks flew. Or, more accurately, Naval casually whispered “$ZEC” like a bedtime story, and Arthur, ever the romantic, “aped in” because, frankly, the brokers wouldn’t let him – and nothing tempts a man more than forbidden trades. 🚫💸

Bitcoin is lounging near a pivotal level, one that has been its steadfast supporter throughout its nearly three-year-long rise-much like a steadfast friend in the harsh winters of Nizhny Novgorod. Amidst the winds of change in U.S.-China trade relations, this level whispers tales of resilience.

As blockchain becomes the financial flavor of the month, XRP is hitching a ride to global fame. Vivopower International Plc (Nasdaq: VVPR), the company that thought ‘why not?’ has inked a deal with Kweather Co. Ltd. (KOSDAQ: 104460), South Korea’s largest weather data company. The goal? To build an XRP reserve and launch the world’s first-ever Weathercoin token designed to manage climate risks. Sounds pretty cool, right? Especially if you’re into making money and saving the planet.

Not so fast, champ. The $1.28 high is still untested, meaning the bears are lurking like Karen at a Starbucks. Another dip? Totally possible. 🐻☕