The timing, as any observing soul would note, isā¦peculiar. Barely a year has passed since a similar misfortune befell WazirX, a competitor of no small stature. It seems the gods ā or, perhaps, more accurately, the unscrupulous element ā favor anniversaries for such unpleasantness. One begins to suspect a pattern, a grim and tiresome repetition of errors. š
āIf you were neutral on everything, in other words, you didn’t have a point of view, and you were optimizing your portfolio for the best return-to-risk ratio you would have, you would have about 15% of your money in gold or Bitcoin,ā Dalio mused, probably while sipping on a fine blend of something that costs more than my car.
And letās talk about the GENIUS Act. (Yes, thatās its real name. No, itās not a joke.) Itās supposed to stabilize the crypto market, but letās be realāitās like trying to calm a toddler by giving them a Red Bull. š„¤š„ Crypto and traditional markets are now basically conjoined twins, so good luck untangling that mess. Meanwhile, Bitcoin keeps pretending itās a hedge, but itās really just a high-beta drama queen, following the stock market like a lost puppy. š¶š
According to the august pages of Forbes, Julyās end sees CZ holding a staggering 64% of the 139.3 million circulating BNBāimagine that! Plus, Binance clinging tightly to another 7%, making CZ the proud possessor of approximately 89.1 million tokens. Itās like owning a small islandāif islands were digital and valuable and you were a crypto demi-god with a penchant for puffed-up portfolios.
But what caught attention was something even bigger, Metaplanet has already seen a massive 449.7% return on its Bitcoin investments in 2025 alone. Because nothing says āIām a geniusā like buying Bitcoin at $101k and watching it go up 450%. š
On the 24th of July, the illustrious Justin Sun, with his bravado reminiscent of a circus ringmaster, rang the Nasdaq bell to announce Tron’s debut. Little did the audience know, behind the melodrama lurked impressive milestones that just might whisper louder than the fanfare.
In what can only be described as an āurgent cry for help,ā Storm took to X (formerly known as Twitter, lest we forget) on July 26, lamenting that his legal expenses are āpiling up faster than a blockchain grows.ā
So there you have itāa week filled with enough drama to rival a Bulgakov novel. Until next time, stay sharp, stay skeptical, and remember: in crypto, truth is stranger than fiction. šš
Meanwhile, crypto markets are holding their breath, praying the US-China tariff feud doesnāt erupt into a full-blown barn dance šŗ. Because nothing says āfinancial stabilityā like two superpowers arguing over soybeans.
Source: mempool.space
