In a dramatic twist, Japan has announced that it will slice those pesky taxes on certain cryptocurrencies down from a staggering 55%. The government officials must have had a moment of clarity in their sushi-induced epiphany!
Turns out, investors are side-eyeing this rally harder than a mother-in-law at a family dinner. 👀 Closer inspection reveals demand is weaker than a wet paper bag. 📉 Is this uptrend just a crypto mirage? 🏜️
Our esteemed co-founder of Ethereum, Mr. Buterin, commenced the new year with a missive that bore no mention of forks, deadlines, or roadmaps. Instead, it seemed a pause-a sigh from one who perceives the world rushing headlong into folly.
According to CoinMarketCap (the Wikipedia of crypto, but with fewer typos), DOGE’s trading volume shot up 41.53% in the last 24 hours, hitting $1.55 billion. That’s right, people are trading DOGE like it’s going out of style-or like they’re trying to outrun a bear market. 🐻 Meanwhile, the price ticked up 7.8% to $0.1279, which is basically the financial equivalent of a participation trophy. 🎉
Under President Trump’s… let’s call it a continued administration, Washington has developed a sudden and suspiciously enthusiastic fondness for crypto. Industry-friendly people are now in all the right chairs, nobody’s yelling at crypto firms quite so much, and banks are being cautiously allowed to hold people’s digital coins. It’s all set up for a potentially important year for US crypto policy, if the world doesn’t end first. ☄️
The drop in losses is but a mirage, masking the eternal truth: users are their own worst enemies. Code, it seems, is far less fallible than the flesh-and-blood creatures who wield it. 🤹♂️💸
Ripple’s XRP is finally green, which is like seeing a ghost-unbelievable but oddly comforting. Before this, it lost its fourth-place crown to BNB, dropping faster than a hot potato in a sauna. 🥔🔥
Moynihan, with the grace of Puck and the sagacity of a seasoned scholar, expounds upon the virtue of robust employment rates and burgeoning wages, proclaiming that these are the sagacious sirens that lure the righteous course of consumer indulgence. “If the companies of our land embrace their workforces and lavish them with a handful more coins, then, dear souls, their coffers will open wide, and America’s economic heart shall throb with vigor.”
But why, dear reader, does this digital snowball roll with such fervor? Let us peel back the frost-laden curtain…
It seems the Reserve, that diligent little machine, continues to gather LINK as if anticipating a particularly harsh winter. Or perhaps just an exceptionally long committee meeting. A total of 1.41 million now, you see. Such confidence. One almost believes it. 🤔
