Cryptonews

Galaxy Research says crypto-collateralized loans are up 27% to $53.1 billion. That’s… a lot. It’s like everyone’s decided to build their house of cards on a slightly larger foundation of other houses of cards. 🏗️

So, Kraken-you know, the crypto exchange that’s basically the Jack Donaghy of the blockchain world-has temporarily paused Monero deposits. Why? Because some mining pool decided to go full Regina George and take over 50% of the hashrate. 🚩 Yes, this is as dramatic as it sounds. Monero, the privacy coin that’s all about keeping things low-key, is now in the spotlight for all the wrong reasons. Kraken’s like, “We’re doing this for your own good, people!” 🛡️

Epic Chain, with a little help from its friend Ripple, is diving headfirst into the world of tokenizing real-world assets (RWAs). They’re aiming to drag trillions of dollars in assets like real estate and commodities onto the blockchain. Because who doesn’t want their house on a digital ledger, right? With Ripple’s backing and XRP’s efficiency, Epic Chain is ready to become the next big thing in financial adoption. Just what we needed-another way to make our wallets feel lighter! 💸

Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward $30. He explained that round-number levels like $30 often act as psychological barriers where sellers take profits, so traders should be cautious about chasing the move too late. 🎯💸

In the grand theater of cryptocurrency, Bitcoin had begun to waltz gracefully in early August, buoyed by a bounce from a lowly $112,000. Yet, as soon as it reached its latest zenith, the sellers, like a troupe of disgruntled critics, rushed in to pull the curtain down. The momentum, once a lively jig, has now faded into a slow, melancholic dirge. The relative strength index (RSI), that fickle friend, hints at a bearish divergence, whispering sweet nothings of doom into the ears of the hopeful.

On the cryptic chessboard of XRP/BTC, Bollinger Bands – those elegant lines of supposed simplicity, yet messengers of impending chaos – are tightening again, whispering secrets only the brave dare listen to. Usually, such a tilt in the ambiance doesn’t linger long; a fleeting guest in the ballroom of crypto fate.

Fast forward to today: the hub is *live*, and Schwartz, the kindly overlord of all things Ripple, spots his first “weird data.” Because what’s life without a little chaos, right? The tweet (as always) caused a stir, like a digital soap opera. Someone in the XRP fan club-WrathofKahneman-wanted to know what the “abuse” in “disconnections” really means. Naturally, Schwartz had a very science-y answer involving servers that got kicked out for supposedly overloading-except, surprise! It’s probably all a false alarm because, let’s face it, even tech geniuses can’t tell if a server is a troublemaker or just indigestion. 🤷‍♂️

The Tokyo-based fintech firm JPYC, with the zeal of a samurai sharpening his blade, shall register as a money transfer business within the month. Leading this charge, as reported by the venerable Nihon Keizai Shimbun, they embark on a quest to marry the ancient yen with the boundless digital frontier. 🏯🗡️

The surge in investor interest is not without reason. It’s like the scent of fresh bread in a village where famine has reigned for too long. People are flocking to Bitcoin Hyper, drawn by its promise of utility and the growing trust in its long-term potential. But let’s not get ahead of ourselves. What exactly does Bitcoin Hyper offer, and why should anyone care?

Qubic, with their newfound power, decided to rewrite some history. Six blocks worth, to be precise, leaving a sad pile of 60 blocks orphaned. Poor things. Kraken, in a move they’re calling a “security precaution” (read: mild panic), has paused Monero deposits. Withdrawals and trading? Fine, apparently. Because what’s a little blockchain reorganization to a seasoned exchange? 🤷‍♀️