One savvy address devoured 68,141 ETH ($213.8 million) via a stylish little platform called FalconX, while two more stashed away a whopping 106,000 ETH from Kraken. You know, just casual dinner purchases! 🥴
Cohen, the wise and somewhat whimsical leader of this grand adventure, proclaimed that the retailer was open to a myriad of cryptocurrencies, but hadn’t yet chosen a favorite. “Why, crypto is more than just a shiny coin to collect,” he declared, with a twinkle in his eye. “It’s a hedge against inflation, a tool for utility, and a way to keep the financial goblins at bay!” 🦕💰
Over the past month, Pi Coin has tumbled around like a toddler trying to walk for the first time. The poor thing can’t even manage to stay above those crucial psychological levels! There have been more failed attempts to breach the $0.50 mark than a cat trying to catch a laser pointer. And now, here we are—Pi has slipped nearly 3.5% in just seven days! That’s a plunge that makes you want to throw your hands up and yell, “Why, Pi, why?” 🤦♂️
This impressive growth is largely attributed to AI tokens, with projects like Bittensor, NEAR Protocol, and Internet Computer capturing the attention of investors, as evidenced by their recent price surges. It’s like a beauty pageant, but for cryptocurrencies. Who will be crowned the queen of AI tokens?
As news of the US CPI whisperings fluttered about, igniting the flames of anticipation, our friend Bitcoin found itself ensnared in the grip of overzealous buyers. The S&P 500 sputtered, a woeful fall of 0.4% caught in its clutches, while the Nasdaq, clad in modernity, shrugged it off and marched forth. Perhaps the market might pause to breathe, if the forthcoming PPI didn’t add more fuel to this fiery discourse. (Because who doesn’t love a good market melodrama?)
On Monday, in a move that can only be described as the *ultimate* political chess game, the House of Representatives Committee on Rules voted decisively against a proposed amendment to the “Guiding and Establishing National Innovation for US Stablecoins” (GENIUS) Act. This amendment was not just about stablecoins—oh no, it was about Epstein. Yes, the very same Epstein who managed to escape the attention of many (except, of course, those with a deep interest in international scandals).
This transaction could well represent a rather substantial institutional wager on Bitcoin, resembling the kind of gamble one might find in a particularly daring round of bridge at the Drones Club. It follows Cantor’s recent forays into the crypto sphere, including some rather cheeky financing arrangements with Maple Finance and FalconX. If my calculations are correct, Cantor Equity Partners raised a cool $200 million in January—quite the tidy sum for much of the civilized world—and now seeks to cement itself in the ever-changing landscape of digital assets with this dashing acquisition.
On July 16, you noticed something fishy when your assets started moving like they were auditioning for Riverdance. Turns out, it was a third-party attack targeting your hot wallet. Yikes!
A closed-door SEC meeting is reportedly scheduled for July, and many in the XRP community believe it could close the final chapter of the high-profile case. If the SEC chooses to drop its appeal, and Ripple follows by withdrawing its own, the district court’s ruling in Ripple’s favor would go into full effect, bringing the case to a close.
At present, the estimable BlackRock manages the lion’s share of Circle’s stablecoin reserves, a situation that leaves much to be desired. This arrangement exposes the stablecoin users to risks without a modicum of safety, rendering the company vulnerable and subject to the whims of legal uncertainties. Without a robust, trustworthy structure, the company risks a token collapse and a scaling back of its adoption rate. Thus, Circle is making a grand gesture to fortify its USDC infrastructure. 🛡️🔥
