Cryptonews

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.

This auspicious event signals a definitive shift in Wall Street’s sentiments towards digital assets, and we daresay, now is the time to buy the best crypto. But, alas, which one to choose? 🤔

This breakout is not just a technicality; it’s a spectacle, a grand performance of surging momentum and an RSI that has climbed to such dizzying heights that it might as well be on a mountaintop, waving a flag of speculative victory. But, one must ask, is this a sustainable rally, or merely a fleeting moment of glory before the inevitable return to the mundane?

According to a rather official scroll—the U.S. Securities and Exchange Commission (SEC) filings, no less—our enigmatic amigo Thiel now possesses quite a bundle of shares: a staggering 5,094,000 common stocks in Bitmine. This may seem like a fanciful number, but it’s merely a reflection of Bitmine’s tantalizing pivot to an Ethereum-centric treasury, echoing with a curious familiarity the melodrama of Bitcoin’s own strategies.

In a move that could only be described as “last-minute inclusion,” Arbitrum has made it onto PayPal’s esteemed list of supported chains for PYUSD—sitting beside Ethereum and Solana like a kid who’s just been invited to the popular kids’ table.

Fartcoin (FART) is currently consolidating between major support at $1.05 and resistance at $1.45, forming a high time frame trading range. A recent rejection from resistance has led to a correction, but price is now approaching a critical support level that, if held, could set the stage for bullish continuation and an eventual breakout to new highs. The setup remains structurally bullish, as long as $1.05 support remains intact. One might say, it’s a matter of holding one’s breath and waiting to see if the market can hold its own. 🤔