Now hereās the twisty-turny part: this new law wants to give the CFTC (those fine folks who watch over corn futures š½) the keys to Bitcoin and Ethereumās shiny sports car šļø. But donāt fret, dear SEC fans, because digital securities will stay firmly under your favorite stock market sheriffsā control. Clever, no? Or utterly bonkers? You decide!
To the delight of calculators everywhere, over the course of this escapade, a prodigious sumāmore than 200 trillion SHIB tokens, or roughly 3.09 billion dollarsāgraces the marketplace in circulation, representing a fractionā20.78%āof the entire hoard. A venerable milestone, indeed! It signals that many, after much long-suffering, are now sitting comfortably in their profits, having previously endured some rather unflattering losses. Quite a sentimental journey, wouldn’t you say?
As it stands, dear friends, BTC has taken a slight trip downwardā0.6% in the last 24 hours, and a meager 0.3% reduction for the week, resting comfortably at $118,539. Since the illustrious days of old, when it reached an impressive high of $123,231, the price has bobbed about like a cork in a tepid pond, fluctuating aimlessly between $115,697 and $120,998 since July 14! š¶
Yes, folks, the ONDO-backed ETF is hereāor at least, itās in the paperwork phase. Which, in crypto terms, means itās as real as a unicorn until the SEC stops laughing and stamps “APPROVED” on it. The filing dropped on Tuesday, presumably right after someone at 21Shares finished their third espresso and thought, “You know what this market needs? More acronyms.” ā
In a recent flourish on that peculiar social platform known as X, our beloved crypto oracle, Colin Talks Crypto, provided a delightful commentary on the current saga of Bitcoin dominance. He suggests we are witnessing a rather theatrical repeat of December 2024ās unfolding drama, with dominance slipping stealthily from its chic blue channel, a knee-jerk reaction leading to what one might call an altcoin rallyāor perhaps a farcical mockery of one.
According to a rather informative press release that was translated (because, you know, corporate speak is universal), Vanadi Coffee splashed out over 202,000 euros on more Bitcoin. The purchase, made on July 23, saw them acquire two more BTCs, bringing their tally up to a grand total of 76. Each Bitcoin, at the time, was worth a dizzying $119,425. I suppose that’s one way to get your daily caffeine kick!
In a mere span of 24 hours, this token has galloped forth, gaining a striking 15%, thereby outshining many of its contemporaries and inspiring a renewed rally of optimism among traders, who, much like eager suitors, can hardly contain their fervor. š
BeInCrypto has graciously performed the hard work of analyzing three meme coins that are somehow defying the odds and making money for some lucky (or unlucky, depending on your perspective) investors today. Get ready, because here comes the magicā¦ or maybe just some highly speculative nonsense. š
On a seemingly mundane Monday, CEO Devin McGranahan popped up like a jack-in-the-box, declaring that the company is, in fact, contemplating the integration of stablecoins. As waves of interest drown lesser mortals, Western Unionās gaze remains fixed on the horizonāan eye for opportunity, or perhaps a desperate gasp for air.
And guess what? CoinShares got this license through their French sidekick, CoinShares Asset Management, just casually announced on Wednesday, like itās no big deal. š
