It all started with a flurry of screenshots on X, those glorious snapshots of the digital age, where the price of HYPE skyrocketed in minutes. From a humble $48 to $98, a jump so wild it could’ve been scripted by a bored novelist. The crypto community was aflutter, frantically speculating whether this was a cunningly orchestrated manipulation or a rogue glitch of the highest order.
The finalists include Christopher Waller, Michelle Bowman, Kevin Warsh, Kevin Hassett, and Rick Rieder, a blend of policy insiders, economists, and Wall Street veterans. Given Trump’s frequent criticism of Jerome Powell for being “too slow to cut rates,” the next Fed leader is expected to favor a more aggressive, pro-growth policy stance that aligns with Trump’s economic vision. 🚀
1️⃣ Bitcoin open interest is closing in on the $40B mark, signaling growing bullish momentum across the crypto market. Because nothing says “confidence” like betting on a digital ledger with the emotional stability of a cat on a trampoline.
The Tale Unfolds:
In a Manhattan courtroom Monday, Kalshi’s complaint declared, “You can’t boss us about-we’re under the CFTC’s loving gaze!” Cue the eye-roll. 🐰 (Who knew jumping through federal regulatory hoops could be so… exhausting?)
This ‘BIP’, as they call it-an abbreviation, it seems, for a lengthier and no doubt tedious document-authored by one Dathon Ohm (a name which, one cannot help but note, evokes a sense of… Ohm-inousness) proposes a temporary curtailment of the data which may be affixed to each transaction. It is a limitation born of the recent loosening of constraints, a loosening which, it appears, has opened the floodgates to…well, one shudders to think. The document, found at a place called this online repository, speaks of “Reduced Data Temporary Soft fork,” a phrase as unwieldy as a peasant’s cart laden with turnips.
Is this our entry into a new prosperous epoch, or is it merely the opening curtain to another melodramatic bubble?
Yes, Booking.com confirmed the whole thing. They’re looking into it, but let’s be honest-how many scams like this are we really going to tolerate before we start believing “this is fine”?
The push comes as Canada faces mounting pressure to keep pace with global stablecoin regulation, particularly after the United States passed comprehensive stablecoin legislation earlier this year. Without clear rules, Canadian officials worry that investors will increasingly turn to U.S.-based stablecoins, sending money and financial data south of the border. How… convenient for the Americans. 😏
