U.S. District Judge Paul Engelmayer wasn’t mincing words when he called Kwon’s actions “a fraud of epic generational scale.” He handed down a longer sentence than the 12 years prosecutors had requested, highlighting the “unprecedented financial harm” inflicted on investors. “Epic generational scale” is quite the phrase, isn’t it? Someone’s been reading a lot of history books. 📚
🚨 Anthony @Scaramucci gives his thoughts on Solana vs. Ethereum at @SolanaConf:
“I think it will flip Ethereum.”
After the Fed decided to cut interest rates by a quarter of a point-yes, a tiny nibble, but it apparently rocked everyone’s boat-the stock market is waving farewell to panic, a sight as rare as a unicorn in Times Square. It’s like everyone took a Xanax and decided, “Hey, let’s dance!”
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Into this mess strides the mysterious plur daddy (@plur_daddy), a crypto sage so wise he doesn’t even need a real name. He reckons the market ain’t in a bull or bear phase at all. “It’s just maturin’,” he drawls, like a cowboy explaining why his horse won’t gallop. “What if we’re in an extended consolidation window, where the big boys are just passin’ the bag around?” he muses on X. Well, slap my knee and call me surprised! 🧐
For the first time in six years, three members of the Federal Open Market Committee (FOMC) decided to throw their toys out of the pram, dissenting against Wednesday’s interest rate reduction. The result? A chart dubbed “the dot plot”-a delightful little doodle-reveals that 2026 may only see a single rate cut. This, my dear, has sent Bitcoin spiraling below $90K, faster than a Coward cocktail at a society party. 🥂💔
Just as the U.S. Federal Reserve tipped its hat to a 25-basis-point rate cut, these transfers landed with the precision of a hawk on a fence post. The market, already jittery as a cat in a room full of rocking chairs, bristled with fresh tension. Are these moves the strategic shuffling of assets, or the prelude to a sell-off that’ll leave traders hollering for their mamas? The debate rages hotter than a summer in the Salinas Valley.
Global bank J.P. Morgan has arranged a landmark commercial paper issuance on the Solana blockchain-a move that’s less “revolutionary” and more “look at me, I’m using blockchain now.” 🌐
BTC pulled back after a valiant attempt to break through the almighty $94.5K ceiling. Meanwhile, the 3-day heatmap is looking suspiciously like a magnet, with long liquidity building up heavily between $89K and $87K. You know what they say: the market always loves a juicy liquidity pool… before it eats you alive. 😅
The UAE’s telecom behemoth, e& (formerly Etisalat, but who’s counting?), has announced its latest thrilling adventure in the world of digital finance. In partnership with Al Maryah Community Bank (Mbank), the pair will embark on a bold experiment: using a dirham-backed stablecoin to facilitate payments. Yes, you read that right-there will be no more fumbling for loose change to pay your bills. Instead, you’ll be able to use AE Coin, a fancy new token, to pay for your mobile and home services. If only paying for coffee were this easy… 🍵💰
