Crypto news

In a recent soliloquy on X, the ever-eloquent Bitwise Investments analyst Danny Nelson proclaimed that Solana has pirouetted past its peers, its stablecoin supply leaping by 40% since the GENIUS Act-a legislative masterpiece penned by none other than President Donald Trump himself. 🖋️👑

Okay, so for months, miners have been acting like they’re clearing out their closets-selling coins left and right. But hold your horses, something’s changed. As of late, they’ve actually stopped dumping their Bitcoin. And get this-some are even *holding* on to their stash, which, for them, is basically a revolutionary act. 🙄

Kim H. Wong, the oracle of markets, proclaims Bitcoin’s surge is hitching a ride on the tech stock express, driven by AMD and OpenAI’s wizardry. Bitcoin, the mimic, mirrors the tech-heavy U.S. stock market, a dance of shadows and light. Bullish equities? Bitcoin waltzes higher. Risk appetite? Bitcoin feasts. Resistance levels crumble like stale bread, and the correlation deepens-a marriage of convenience, if ever there was one. 💍

The Pi Network’s token, once basking in the glory of its February 2025 peak, has now crashed faster than a spaceship with no fuel. After the mainnet launch, the price nosedived, wiping out more than 18 billion in market value in just six months. Talk about a dramatic plot twist. 🎭🚀

The European Union, with the solemnity of a priest exorcising demons, plans to sanction the A7A5 stablecoin, a creature tied to the sinews of Russian state-backed entities. Bloomberg News, ever the harbinger of doom, reports that this move shall sever Moscow’s access to the digital veins through which its lifeblood flows. EU officials, their eyes narrowed with suspicion, anticipate that Russia will wield such tokens like a thief in the night, circumventing sanctions and fattening the coffers of its war machine in Ukraine. 🌍⚔️

“We’ve been whispering this into the void for years,” Matthew Sigel, the head of digital asset research at VanEck, mused in an X post on Monday, his tone as dry as a summer in the steppe. “Bitcoin should reach half of gold’s market cap after the next halving.”

Though born but two years past, this nascent entity has eclipsed the venerable S&P 500, that ancient titan of tradition, whose very name now echoes like a ghost in the halls of financial history. A surge in demand for regulated crypto exposure, amid Bitcoin’s (BTC) meteoric rise, has rendered the old guard’s feeble attempts at relevance quaint. 🕯️🔥

Apparently, Gespa is trying to figure out if FIFA’s fancy blockchain tokens are just a glorified slot machine. Manuel Richard, the guy in charge, says they’re not done poking their noses into this. 🧐 In a chat with Bloomberg, he basically said, “We’re not sure if this is gambling or just FIFA being FIFA, but we’re gonna keep digging.” 🕳️

Privacy tools, veiled in zero-knowledge alchemy, may attract institutions like moths to a neon-lit flame, sparking XRP’s next liquidity surge. 🔐💸