When the House and Senate reconvene in early September, Washington will dive headfirst into a financial policy circus – one that could redraw the lines between banks, fintechs, and crypto firms. 🎪💼 Will it be a grand spectacle or a clown show? Only time will tell.
The county folk working at SoFi will bolt Lightspark’s Universal Money Address (UMA) onto the Lightning rails. In theory, this gets money clicking across the world faster than Old Tom figuring out a loophole in prohibition. SoFi claims members can send dollars with nothing but the app, and recipients-whether in bustling cities or faraway dusty towns-find their local currency waiting. No waiting for telegram boys or counting coins by candlelight. ✉️💸
Shibariumscan data reveals a 22% nosedive in daily transactions, a stark descent from 4.69 million on August 17 to 3.65 million the following day. This seismic shift in volume whispers of a waning fervor among its users, as if the blockchain itself were sighing in resignation. 🌑
This dip? A Shakespearean tragedy of key holders selling their stakes, leaving the bearish crowd with a standing ovation. 🎭🐻
To fund this shopping spree, they raked in $537 million through some fancy financial maneuvers, including a $390 million direct offering (because apparently, they don’t sell Girl Scout cookies). They also squeezed out an extra $146.5 million via their at-the-market issuance program. Honestly, it’s like they’re playing Monopoly but with real money. 🎲💸
This is, by all accounts, their fourth attempt to persuade stone-cold real estate that it secretly wants to be a digital asset when it grows up. One imagines the buildings themselves are now standing about wondering why their foundations suddenly feel… blockchainy. 😏
Now, let’s talk strategy! Tom’s got the inside scoop from Fundstrat’s Head of Technical Strategy, Mark Newton, who recently posted on X (formerly known as Twitter, but who’s counting?) that Ethereum is just taking a “minor correction.” Minor? More like a minor inconvenience, like stepping on a Lego! He predicts ETH might dip down to a cozy range of $4,075 to $4,150 this week. Perfect for bargain hunters! 🛒
The daily candle-an ominous black cloud shaped like an ogre’s grin-rejected the giddy heights of $124,517 as though the very heavens cried “too far, too fast, dear fool!” and flung the coin earthward in a single engulfing stroke. Down it tumbled, past polite society, past even the humblest peasant’s hope, fetching up at $111,919 where it lay gasping like a landed fish. The chart, poor creature, now resembles nothing so much as an old count’s waistcoat after Lent-slack, faded, and suspiciously empty. Every spike of volume at the summit was merely the orchestra striking up a waltz while the rats fled the ballroom with the silver. 🐀🎻
Now, according to some data (we trust this data, really, we do), XRP is preparing to trigger a “golden flip,” with only one little factor left to check off the list. As of right now, XRP is trading at $3.01, which, if you squint hard enough, is a 1.73% increase in the last 24 hours. (I know, riveting stuff, right? But stay with me.)
On a fateful August day, Governor Mark Gordon proclaimed the mainnet launch of the Frontier Stable Token (FRNT). Wyoming, ever the pioneer, now claims the mantle of the first U.S. public entity to issue its own digital currency. A bold move, indeed, though one wonders if the state hath bitten off more than it can chew. 🍎🐍