Apparently, they’ve gathered over $540 million in action across a whopping 175,000 launches, which comes with about $34 million in fees. That’s a cozy 55.2% slice of the meme launchpad pie. Meanwhile, Pump.fun is clutching its dwindling 34.9% slice like it’s the last cookie at a networking event. 🍪
According to a July 7 update from Patrick Hansen, the Director of EU Strategy & Policy at Circle, the list now includes 14 licensed stablecoin issuers from seven countries and 39 MiCA-authorized crypto-asset service providers. Coinbase, Kraken, Bitstamp, and N26 are among the lucky ones that can now “passport” their services throughout the EU without needing additional local approvals. 🤑
One might suppose that the institutional and retail investors, those great gamblers of the modern age, would be chastened by the volatile macroeconomic conditions and the looming specter of price resistance levels for the likes of Bitcoin and Ethereum. But no, they press on, undaunted by the prospect of financial calamity 😱.
$XRP looks to be forming an inverse head and shoulders pattern, setting the stage for a potential breakout toward $2.60!
Let’s take a trip down memory lane, shall we? Back in 2017, XRP had one of its biggest moments. In just about two weeks, the token went from a measly $0.15 to over $3, a 20x rally that left everyone in the crypto world gasping for breath. But then, something unexpected happened. CoinMarketCap, the data aggregator, removed pricing data from several Asian exchanges, causing XRP’s displayed price to drop and panic selling to ensue.
At the time of our current observations, the price of XRP inhabits the charming realm of $2.33. Over a mere span of 24 hours, this digital asset has pranced about with a delightful gain of 2.5%, and in the past week, it has gallantly surged nearly 7%, as per the estimable figures provided by CoinGecko, that bastion of cryptocurrency wisdom.
Beneath the shiny turmoil, however, a secret grief persists—development activity plummets, with the kind of listlessness normally reserved for Moscow afternoons in late November. Surely, one wonders, is this rally vodka, or is there substance in the glass? Or is it merely another spectral flicker in the ledger of disappointment?
According to Dyment, any data point suggesting bitcoin’s institutional popularity is fading is simply “missing the big picture”—by which he means, the giant swimming pool of rich people still prepping their floaties.
Momentum, that great force of nature, is building in the hallowed halls of Washington, as lawmakers and industry leaders converge, like moths to a flame, to shape the future of U.S. crypto regulation 🔥. Ripple CEO Brad Garlinghouse, that stalwart champion of digital innovation, has announced on the social media platform X (because, of course, one must be seen to be modern 📱) that he will testify before the U.S. Senate Banking Committee on Wednesday, July 9, during a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets” 📈. The hearing will be webcast live, because, in this brave new world, one must be seen to be transparent 📺.
Hyperliquid remains resolute on the weekly chart, printing its second consecutive green candle and hovering near the top of its recent range. The price has been oscillating around the $39 to $40 zone, consolidating just below local resistance around $41.