Crypto news

According to a July 10 announcement, this windfall will help Agora expand its AUSD ecosystem and roll out a white-label product that lets companies launch their own stablecoins in, oh, let’s say, a few days. Because who has time to wait, right? The platform is already live across 13 blockchains, including Ethereum (ETH), Solana (SOL), and Arbitrum (ARB). It powers billions in cumulative stablecoin volume and serves over 50,000 monthly active addresses. That’s more than the population of some small towns! 🏙️

Remixpoint, a Tokyo-listed firm bridging crypto, energy, and web3 innovation, has announced a landmark decision: its president and representative director will receive 100% of their executive compensation in 🍪. This marks a historic first for a public company in Japan, reflecting a shift toward crypto-driven corporate alignment with shareholders.

However, it would appear that amidst this fervent jubilation, a most perplexing signal has emerged, one that ignites both intrigue and a twinge of irony. It seems that a wallet, affiliated (if we may be so bold) with the Ethereum Foundation, has made the unprecedented decision to divest itself of 1210 ETH in exchange for a most considerable sum of 3.5 million USDC, at an average price of approximately $2890, all within the course of mere hours. One cannot help but smirk at such irony! 💁‍♀️

But hold your applause, noble bulls; a premature celebration can lead to some rather unfortunate embarrassment!

Davis, co-founder of Kelsier Ventures, asked a New York federal court to dismiss the lawsuit on Wednesday, arguing that the claims don’t arise from actions “directed toward New York.” The filing reads, “Davis does not reside in New York, does not transact business in New York, was not physically present in New York when the allegedly tortious conduct occurred, and made no specific effort to advertise to or serve the New York market in connection with the worldwide offering of $LIBRA meme coins.”

This triumphant return suggests that more investors, like moths to a flame, are being drawn into the market, increasing the likelihood of a further price waltz toward the coveted $3,000 mark.

Yet, behold! It is not solely the price action that tantalizes—it is the behavior of the investors lurking like specters in the shadows. Our oracle, the ever-elusive Darkfost, whispers intoxicating tales of dwindling Bitcoin inflows to Binance, plummeting to the nadir of the market cycle. A radical sentiment shift appears to unfurl: long-term holders clutch their crystalline BTC with a tenacity rivaling that of a toddler unwilling to relinquish their favorite toy, even as prices pirouette toward record heights. 🎠

Since then, like an overexcited squirrel hoarding digital acorns, our mystery hacker swapped most of the loot for 11,700 ETH. You know, just in case they need to buy an island or, more realistically, a lot of really nice cat NFTs. Because priorities. 🐱‍💻

This audacious move, a high-conviction trade if ever there was one, has set tongues a-wagging among the investor set. Does it signal a bullish narrative in the making, or merely a foolhardy gamble? Only time will tell.

Now, I know what you’re thinkin’, “What in tarnation happened?” Well, let me spin you a yarn ’bout the hourly chart. It seems Bitcoin was just a-bidin’ its time, consolidatin’ in a tight little range between $110,000 and $113,000, just waitin’ for the perfect moment to strike. And strike it did, with a big ol’ green candle that sent the price a-soarin’! 🚀 Volume picked up right along with it, showin’ the world that this rally’s got some real conviction behind it.