qfx

The bill, if passed, would invoke full economic blockade powers under the International Emergency Economic Powers Act—because why not? It would freeze the assets of thirteen Salvadoran officials, including Bukele, Vice President Félix Ulloa, and the president of the Central Reserve Bank. Visas, too, would be revoked. And just for good measure, the US directors at the World Bank and IMF would be compelled to vote against new loans to El Salvador, with direct US assistance also being cut off. A fair bit of “fun” for all involved, right?

At first glance, Solana’s overall network activity might suggest that the memecoin scene is more of a reshuffling than an expansion. However, supporting metrics hint that Solana may be on the rise again, driven by a potential expansion in memecoin activity.

So far, $9.6 million worth of the funds have been bridged over to the Ethereum blockchain, which has become a natural path for hackers who then launder funds through token mixing protocol Tornado Cash. It’s almost like they have a VIP pass to the crypto underworld. 🕶️

In a plot twist worthy of a thriller, this little currency has appreciated by a whopping 4.87% in just a month and a mind-boggling 9.06% over the last year. Analysts are brushing off their crystal balls and pointing to a drop in Israel’s risk premium, thanks to the ongoing geopolitical soap opera with Iran. 💥 Meanwhile, the local stock market has been working out, clearly hitting the gym and gaining some impressive muscle. With the shekel bouncing back by 3% since the drama began with Iran, who knows? We might just see it strutting down to around 3.0 ILS per USD in no time! Don’t forget your popcorn! 🍿

On July 9, those clever folks at Santiment reported that the network had witnessed its highest-ever “age consumed” spike, with the metric hitting a whopping 72.95 billion. That’s like the number of times I’ve told my wife I love her… this week. 😜

Tether, the world’s reigning monarch in the stablecoin palace, has been stockpiling gold like a Bond villain (without the white cat—yet). Nearly 80 tons—an $8 billion heap—nestle in a “top-secret” Swiss vault. For some, this signals asset bravado. For others, it’s a case of “Would the real audit please stand up?”