Cryptonews

The combined market cap of Shanghai and Shenzhen has officially burst through previous records, trading at a mind-blowing ¥95.98 trillion (that’s about $13.36 trillion, in case you’re wondering whether math is involved here). As of August 7th, it was like watching a financial fireworks show where the sky is the limit-except, in this case, the sky is more like the floor, since nobody quite knows where this bubble might pop, if at all.

Yet, whispers of skepticism linger like a bad odor at a dinner party. “UST 2.0?” some mutter, sipping their lukewarm espressos, as if the ghost of Terra’s collapse still lingers in the chatrooms. But let’s not spoil the fun just yet-after all, who doesn’t love a good financial rollercoaster?

Bitcoin’s Achilles’ heel has always been the disappointing 7 transactions per second (TPS). That’s less sprinter, more sloth, compared to Solana’s 1,183 and Ethereum’s sleepy 20.04 TPS. Yup, Bitcoin’s performance was grinding slower than a dial-up modem in a world obsessed with instant gratification. 🚀

On August 9, crypto whiz kid Ali Martinez decided to drop some breadcrumbs for the Internet, showing how BNB’s latest chart is less “humble pie” and more “Bitcoin’s secret recipe for sudden riches.” If you squint at the TradingView charts, you’ll see BNB playing dress-up in Bitcoin’s old bull-cycle clothes. Bitcoin, meanwhile, is parading around near $117,000, smashing through resistance levels like a raccoon at a campsite: $82,500, $95,000, $110,000 – all gobbled up.

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From the peanut gallery, Deaton declares that buying ETH under $5,000 by August 2025 is a deal more “asymmetrical” than giving a hedgehog a haircut. He’s talking about upside vs downside, not about trying to make hedgehogs fashionable. Apparently, this is even juicier than snagging ETH several years ago when everyone was still asking “Ether-what?” and prices were lounging well below $4,000.

Meet Henry Waleczko, a spry 74 winters young and as sharp as a tack. He got himself into a proper kerfuffle-the kind that makes a man wonder if he’s done gone and signed his life away to the bank. The sneaky criminals, likely using their best malware tricks, infection, and a bit of devilment, managed to add themselves as co-owners before emptying out poor Henry’s stash. Fancy that!

This contrivance, to the amusement of many, permits individuals to verify credentials-be it their esteemed job titles or academic transcripts-without risking their modesty to the prying eyes of the multitude. At its debut, in a manner most charming, travelers can link their frequent-flier and loyalty accounts with distinguished airlines and hotels including Delta, Emirates, Singapore Airlines, Marriott, and Hilton, to forge a portable reputation that straddles the worlds of Web2 and Web3. Imagine, a reputation that follows you like a well-trained servant, yet quite invisible to the untrained eye! CEO Terence Kwok, of course, waltzed forth with great enthusiasm, asserting that the launch of this mainnet elevates decentralized identity from a merely theoretical fancy to a functional infrastructure-one that allows you to affirm your identity while still whispering privacy’s sweet nothings.

El Salvador’s Legislative Assembly, that bastion of bold fiscal experimentation, has once again doubled down on its Bitcoin [BTC] gamble. 😅 The newly minted Investment Banking Law allows regulated banks to not only hold Bitcoin but also offer crypto services to accredited investors. Naturally, this move is expected to attract foreign capital-because nothing screams “invest here” like a country that treats Bitcoin like a national mascot. 🐶🐕‍🦺

Picture it: Cleanspark-yes, Cleanspark, that industrious little purveyor of digital gold-has just posted numbers so dazzling they could blind a man at ten paces. Their net income? A cool $257.4 million, or 90 cents per basic share, which is quite the upgrade from last year’s rather gloomy loss of $236.2 million. One might say it’s like swapping a soggy biscuit for a plate of caviar and champagne.