Cryptonews

In a press release on July 3, Nasdaq-listed Nano Labs confirmed it had purchased 74,315 BNB (BNB) tokens in an over-the-counter (OTC) deal, paying an average price of $672.45 per token.

The proposed solution? A sparkling de minimis exemption. Imagine: Digital asset transactions and capital gains of $300 or less given a pardon worthy of New Year’s Eve. Not to mention a rather generous $5,000 annual exemption cap—because even the IRS knows one must leave room for a little fun. 💃

Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT8), MARA Holdings (MARA), and Bitfarms (BITF) have all seen gains between 13% and 28% over the past four trading sessions. 🎉 Meanwhile, VanEck’s Digital Transformation ETF, which tracks an index of 24 publicly listed digital asset firms, rose by as much as 3.2% on Thursday. 📈

This, dear reader, is no mere parlor trick. Infused with the solemnity of a czar’s decree and the ingenuity of a tipsy clerk at his abacus, KuCoin’s copy trading flings open the doors to all—pro, tyro, and the luckless in between. Does one not yearn for a life where one’s rubles, nay, crypto, are multiplied not by toil but by the cunning of others? With the Supernova Program beside it, KuCoin does not simply toss a bone to traders—it invites them to a banquet of possibilities, with only a modest risk of food poisoning.

DeFi Development Corp (a name that practically screams, “We wanted something with synergy!”) is making headlines with its quest to raise $100 million. How? Not by passing the hat at Thanksgiving, but via a private offering of convertible senior notes that mature in 2030. If you’re not familiar, convertible notes are basically IOUs with commitment issues. One minute they’re debt, next minute—bam!—they’re equity, like a mullet but for corporate finance.

“The authorities of the UAE have informed the Netherlands that they have arrested a suspect in the context of an ongoing criminal investigation. The man was wanted internationally for involvement in large-scale fraud surrounding the alleged gambling platform ZKasino,” the local authorities’ press release claimed.

But lately, a curious thing is happening. Cryptocurrency is sneaking out of its digital den and ambling into the daylight of real-life commerce. People are using it for payments, for business, even for—dare I whisper it—entertainment. Yes, your gran may soon pay for bingo with something invented by a software engineer in his pyjamas. What happened? Who tidied up the disco?

In a video update recorded on 2 June, the analyst dissected the one-hour chart and concluded that the advance from the 22 June low is best counted as a three-wave move. “Because wave 1 … was only a three-wave move, the third wave should unfold as an ABC structure,” he said, underscoring that the rally lacks the five-wave DNA of a trend reversal. Even so, as long as Dogecoin defends what he called a “micro-support area between $0.16 and $0.166,” the diagonal remains valid and a measured target at $0.196—the 138 percent Fibonacci extension of wave 1—”remains plausible.”

Now, the bears — those fellas betting against joy, progress, and reasonable haircuts — found themselves dragged out of their proverbial saloons and handed a bill they hadn’t planned to pay. CoinGlass reports there were $352 million in market liquidations; 80% of that, you could say, were from folks who thought the price would go down. Turns out: Oops.

Today, we bring you all the drama and intrigue of Bitcoin’s next act—courtesy of Standard Chartered, that reputable oracle who exists to remind us banks adore predicting things with regretful confidence.