Crypto news

If the notion of a blockchain making its debut amongst the aristocracy of investors seems odd, you are forgiven. Still, this may yet be the slyest stablecoin infrastructure play since a Tsar first heard of indoor plumbing. The new vessel, poised for public eyes, offers wanderers in the equity bazaars a chance to own the rails upon which 30% of all stablecoin processions wander, and where half of all USDT sleeps—according to the oracle known as DeFi Llama.

But let’s not kid ourselves; this is not a new episode in the Bitcoin saga. Since mid-May, BTC’s 1D chart has resembled a rollercoaster designed by a mad scientist, where sharp liquidity sweeps trigger dips that lure in value hunters, only to be met with macro-driven FUD that erases weekly gains faster than you can say “volatile market.” 🎢

Our hero, the market expert dubbed Crypto Eri (who surely chooses this name to shield her soul from the terrors of digital anonymity), submits that if Ripple clutches at 14% of SWIFT’s annual volume—some $4.2 trillion—it would require a minuscule morsel of XRP’s supply. But truly, what is a morsel in the bottomless appetite of global finance?

With today’s little bounce, the traders are feeling a surge of optimism, which, let’s be honest, is just a fancy way of saying they’re getting greedier. The cryptocurrency market, like a well-fed cat, is poised to benefit from the rising global money supply, thanks to the anticipated Quantitative Easing (QE) in the United States. More money? Yes, please! 💰

Behold the hourly chart of Open Interest, a tale of consolidation after a swift descent from lofty heights. Our brave OP found a temporary refuge at around USDT 0.56, before daring to venture into the current trading range of USDT 0.611. A steady recovery, you say? Indeed! Higher lows are forming, signaling a shift in sentiment as buyers cautiously step into the arena. The asset is making valiant attempts to breach immediate resistance zones, paving the way for further ascension if momentum holds. 🏔️

But wait, there’s more! WhiteRock developer Max G. decided to step into the spotlight, denying these allegations with a broadcast that was as entertaining as it was confusing. As soon as he went live, the gains began to evaporate like morning dew under the sun. It’s still unclear what happened or if any foul play took place, but one thing is certain: this is a story that’s as twisted as a Gogol novel.

Oh, the irony! For those who have been diligently trading these pairs, hoping to amass a fortune in Alpha Points, only to find that their efforts will now be as fruitful as a desert in winter. The trading volume from these pairs will no longer contribute to the Alpha Point tally, meaning that no matter how high the volume, the points will remain as elusive as a mirage. 🌵

Let’s dive into the most scrumptious stories that tickled our fancy over the past few days!

This latest acquisition has pushed their total Bitcoin stash to a staggering 592,100, all for the bargain price of around 41.84 billion dollars. That’s an average of $70,666 per Bitcoin, which is a number that would make even the most seasoned gambler raise an eyebrow. By this move, Strategy is waving its flag high, declaring Bitcoin as its main treasury asset. 🏴‍☠️