Thursday dawns, and SUI, after an invigorating night of soul-searching (mostly in the wallets of trembling traders), leaps more than 10% from $2.70, making a run for the noble threshold of $3.00. Our protagonist hovers in that ethereal space between $2.95 and $3.08—a range not unlike the gap between what you meant to say and what burst out at your aunt’s wedding.
But before you start waddling to the nearest crypto exchange, technical indicators suggest that buyer fatigue may be setting in, raising the risk of a short-term correction in PENGU’s price. 😰
But, alas, not everyone was invited to the party 🎂. Despite the Republican leadership’s valiant efforts to rally the troops, the bill faced opposition from within Trump’s own party. Those dastardly GOP lawmakers, Thomas Massie and Brian Fitzpatrick, voted against it in the House, joining their Senate colleagues Rand Paul, Susan Collins, and Thom Tillis, who had previously voiced their discontent. Their concerns, quite valid, one might add, revolved around the steep cuts to Medicaid, the expanded tax breaks for the wealthy, and the very real fear that the package could blow the national deficit to smithereens 💸.
This nefarious creation, born of the twisted minds of nation-backed hackers, doth highlight the growing technical prowess of these cyber operators. For in the dark arts of digital thievery, they have found a most lucrative source of state financing. 💸
Lo and behold, just a week prior, Wormhole forged a strategic alliance with Ripple, joining forces in a quest to conquer the realms of multi-chain interoperability. This grand announcement, heralded on 26 June, bore a 12% price surge, like a fleeting comet across the night sky. But alas, the eternal cosmic dance of price seemed reluctant to shift toward a bullish fate.
Now, Ondo’s been at this for a spell, mind you, having drawn up plans for an onchain platform that lets folks dip their toes into the richest swimming pools of U.S. securities. With this new influx of cash, they’re fixin’ to turn that fountain of ideas into a veritable geyser, especially as the masses clamor for a smoother ride into the world of RWAs, courtesy of that fancy blockchain technology.
“We have but a sliver left—so thin, so slippery you might lose it between your sausagey fingers,” he says on Thursday, vaguely nostalgic for the sweet days of 2020 when dreams seemed less riddled with existential dread and swindles.
Meanwhile, over in America (land of large cars and even larger spreadsheets), U.S. M2 has just sashayed past the $21.94 trillion mark. The S&P 500—in a moment of egregious showing off—vaulted above 6,200, presumably because numbers, like egos, love to be inflated.
This 12-week program will focus on the hottest sectors in crypto right now: real-world asset (RWA) tokenization, institutional decentralized finance (DeFi), and AI-powered blockchain applications. Selected projects could receive up to $200,000 in funding to bring their ideas to life. 💰💡
Pacing her government office (perhaps eyeing a portrait of Alexander Hamilton disapproving from the wall), Letitia James scribbled a letter to Congress with a quill dipped generously in sarcasm and ink. The STABLE Act and GENIUS Act, she announced, are as trustworthy as an umbrella made of cheesecloth.
