Bitcoin and Ethereum ETFs See Strong Inflows on May 1 U.S. Bitcoin ETFs saw a significant $630 million in investments on May 1st, suggesting renewed interest from institutions and confirming their leading role in the crypto market. Ethereum ETFs also experienced a positive day, attracting $101 million after a period of outflows, demonstrating ongoing investor … Read more
This edict arrived with the punctuality of a clockwork orange, mere hours after the Pi Core Team triumphantly announced the successful launch of Protocol 22. The back-to-back rollout, a feat of organizational zeal, ostensibly aims to expand scalability and prepare the chain for the fanciful promises of Web3.
According to Hegseth, these efforts give the United States “leverage against China in a lot of different scenarios.” Which scenarios? Well, that’s classified, of course. But we can only assume it involves Bitcoin-powered drones, blockchain-enabled submarines, and possibly a secret plan to pay off China’s national debt in Dogecoin. Because why not?
On X, the controversy reared its head again like a caffeine-fueled plot twist. A user accused Schwartz of misleading XRP holders and of having a secret “magic switch” up his sleeve. Crypto.news reminded us-the original post argued XRP could not be dirt cheap if it were powering huge, world-spanning transactions. Schwartz explains: the post is about market mechanics, the kind of economics that would bore a professor and delight a vaudeville audience alike. If XRP trades at $1, you need a million tokens to move a million dollars; if XRP trades at $1,000,000, you still move the same value with one token. The number of tokens demanded changes with price, but the underlying show-the transaction capacity-does not.
Meanwhile, the recovery pirouettes with a renewed expansion chorus from the Pudgy Penguins troupe, adding a fresh subplot to the grand melodrama. With price pinched in the $0.011-$0.013 corridor, momentum stirs, inching toward something grand. Is PENGU sharpening its claws for a breakout above $0.013, or will the door stubbornly stay ajar?
Key Takeaways (aka the Cliff Notes for the Crypto-Curious):
Glassnode, that oracle of numbers, proclaims Bitcoin’s price languishing beneath the Short-Term Holder Cost Basis of $78,900, and even the True Market Mean of $78,000. Oh, the irony! Support, they say, lies in the $65,000-$70,000 range-a safety net for the financially fainthearted. Yet, as 23,000 options contracts prepare their grand exit, the air is thick with anticipation. Or is it despair?
Input Output Global (IOG) announced on X (formerly Twitter) that Michael Karg is leading a critical initiative focused on improving Cardano. This work includes thorough testing, performance improvements, bug fixes, security updates, and support for the network and its community. IOG emphasized the importance of this effort, stating that everything running on Cardano relies on its success.
As a researcher following this closely, I’m seeing this legislation framed as a truly bipartisan initiative. Senators Dave McCormick, a Republican, and Kirsten Gillibrand, a Democrat, are jointly sponsoring it. Essentially, the bill proposes a number of changes to how the industry is regulated, aiming to bring oversight into the modern era.
