During the bank’s second-quarter earnings call, the illustrious CEO, Brian Moynihan, regaled the audience with tales of BoA’s stablecoin strategy, declaring with a flourish, “Our initial focus is on stablecoins as a transactional device, a veritable wand to wave over the vast sums of client assets that traverse our systems daily.” 🪄💰
This influx suggests that Binance, the exchange that’s as popular as a celebrity at a red carpet event, is experiencing a high demand for liquidity. The $1 billion worth of USDT it received is likely intended to meet this demand. Generally, such massive minting is often linked to institutional demand, which is about as surprising as finding a cat in a tree.
In a blog post dated July 16, BNB Chain shared its grand plan to achieve sub-150 millisecond finality and 20,000+ transactions per second (TPS) for complex operations such as swaps and yield strategies. The upgrade, planned for 2026, would position the network’s performance closer to Nasdaq’s matching engines than traditional blockchains. A feat enabled by a redesigned virtual machine, parallel execution, and Rust-based infrastructure. The team also revealed that recent optimizations, including a 95% reduction in malicious MEV and $0.01 median gas fees, have already laid the groundwork for this next phase.
Let’s recap: CEPO is basically a shiny blank check company focused on Bitcoin, helmed by Brandon Lutnick—who, besides being the head honcho of Cantor Fitzgerald, has the illustrious title of “son of former Trump administration Commerce Secretary Howard Lutnick.” Quite the family tree! 🌳
This little pause sent the cryptocurrency down to a mere $116,000, which, let’s be honest, feels like a drop in a well when you’re used to seeing it at stratospheric levels. But, as we know, Bitcoin doesn’t stay down for long – it’s back up by almost 2%, pushing it over $119,000, as if it never even needed a nap. Classic Bitcoin, right? 🤑
It was last month when JPMorgan, the global behemoth known for processing payments worth nearly $10 trillion daily, unveiled its grandiose plan to launch a “limited version” of a stablecoin, exclusively for its elite clientele. Dimon, ever the skeptic, warily remarked, “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it.” The man, ever the traditionalist, remains less than thrilled about stablecoins’ superiority over the classic forms of payment. Yet, he begrudgingly admits, “We have to play the game, don’t we?”
The rate of Bitcoin (BTC) has increased by 1.06% since yesterday.
Investors have been going barking mad for crypto projects, and with markets rallying like a pack of wild hounds, Bitcoin (BTC) has been hitting record levels. 🐕🦺📈
Internal transfers between foundation-controlled wallets are not unusual, but this move is intriguing, especially given that Ethereum is back in the spotlight. The price is back above $3,150, and corporate ETH holdings are expanding big time. It’s like the universe decided to give Ethereum a cosmic thumbs up. 👍
And meanwhile, in the grand theatre of the crypto market, Binance maintains its tight reign as the foremost exchange, orchestrating more than 35% of global trading volume, per the latest gossip from TokenInsights. BNB is not merely a beautiful face; it is employed on Binance for advantageous trading fee discounts and to partake in various endeavors of merriment.
