Cryptonews

For eons, the market danced to the tune of these halvings-sharp spikes, desperate crashes-like a tragic ballet written in code. But now, the script has changed. The spotlight is shifting away from miner’s breadlines and toward the crowd of institutional fat cats, regulatory tightropes, and the ever-looming shadow of the global economy. Looks like the star of the show is losing its luster, folks, and the new stars aren’t even in the script. 😂

Ethereum’s Pectra upgrade had its grand debut on the mainnet back in May, bringing with it a flurry of Ethereum Improvement Proposals (EIPs). A full 11 of them, to be exact! Some of the standouts include enhanced staking, smart contract functionalities for wallets with externally owned accounts, and account abstraction. The cherry on top? Gas optimization – because who doesn’t love a little boost in efficiency? 🏎️

In the grim world of blockchain, Ethereum [ETH] has shattered its own chains, with its 180-day Moving Average of new Smart Contracts reaching heights unseen since the glory days of 2021 and 2022. 🏆

And don’t you just love the timing? The Cosmos ecosystem was feeling rather cheeky too, thanks to Coinbase listing dYdX (COSMOSDYDX), which jumped from $0.59 to $0.63. ATOM’s recent price movements have set the stage for an accumulation pattern, twirling between $4.47 and $4.60, with the potential for a fabulous upside to $5.48 by 2025-if the institutional crowd continues to show up, of course.

To break it down for the layman, our dear Commander-in-Chief has reportedly pocketed around $14.4 million from his non-fungible tokens (NFTs) – a collection that surely rivals the Louvre in its artistic merit. Then there’s the $412.5 million from token sales via World Liberty Financial, a staggering $243 million from crypto dealings with the United Arab Emirates, and a modest $13 million from the Bitcoin mining venture known as American Bitcoin. But wait, there’s more! A jaw-dropping $1.3 billion has flowed into his coffers from the BTC treasury company, Trump Media and Technology Group, and let’s not forget the $385 million from the Official Trump (TRUMP) memecoin, which, if nothing else, proves that even in the world of digital currency, branding is everything. 💸

The intricate details of Operation Chokepoint were first brought to light by the astute Venture Capitalist, Nic Carter, who, in 2023, unveiled a new operation targeting the crypto space in the United States. He described it as a meticulously orchestrated effort to marginalize the industry and sever any connections it might have with the banking system. 🕵️‍♂️

In an official proclamation, Binance doth announce-with all the pomp of a circus ringmaster-zero maker and taker fees for the esteemed BNB/USDC, ADA/USDC, TRX/USDC, and XRP/USDC pairs. 🌟 But heed, dear reader, this boon is not for the common rabble! Nay, it is reserved for the VIP 2-9 users and the noble Spot Liquidity Providers, those knights of the order book. 🛡️

So, Ethereum-big surprise-broke through a major downward trendline. Apparently, it has no historical resistances above it. Great! As long as the market doesn’t totally collapse, there’s hope for some upside continuation. Honestly, though, I’m waiting for the next drama, because when doesn’t this thing go south out of nowhere?

I’d love to say the Monero community responded with poise, but mostly it was what you might expect from people who pride themselves on anonymity: a lot of posting, panic, and presumably a few new burner phones. On the day of reckoning, Qubic decided they deserved more than half the pie, and snatched up over 51% of Monero’s hashrate. People started muttering words like “blockchain takeover,” “double-spending,” and, my personal favorite, “things were just fine until THAT pool showed up.”

According to the oracle of Bloomberg, Sheffield’s ensemble has not merely expanded; it has flourished, like a wildflower in a concrete jungle. They have embraced the art of stablecoin settlements, forging alliances that echo through the corridors of finance, as if to say, “Fear not, for we shall not be overshadowed!”