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A Chinese task force, tasked with the noble mission of combating illicit financial activities, has warned Shenzhen residents to be wary of fraudulent investment projects that prey on the public’s limited understanding of stablecoins. In an alert issued on July 7, the Shenzhen Municipal Task Force Office for Preventing and Combating Illegal Financial Activities suggested that fraudsters are increasingly targeting stablecoins, thanks to the widespread attention these digital wonders have garnered recently. 🤑

Ivan Chebeskov, an official of the Finance Ministry—whose job apparently involves pushing paperwork into infinity—declared with a straight face that despite new laws being drawn up with all the panache of a Tolstoy novel, less than a third of miners have actually bothered to write their names on this fabled directory. One must admire the Russian miner’s dedication to both electricity consumption and administrative evasion. ⚡️💸

Ethereum is currently hovering around $2,533, comfortably sitting above the ever-important psychological support at $2,500. This, dear reader, is what one might call “stability,” if one is into that sort of thing. And to make the scene even juicier, trading volume has shot up by over 70%, reaching a staggering $15.14 billion, according to market trackers. Apparently, the market has had too much coffee and is feeling quite chipper.

The firm has entered into a standby equity purchase agreement (SEPA) worth up to $500 million, with the proceeds to be used “primarily” to invest in BTC, as stated in a press release. This strategic move is not without its critics, but Murano remains steadfast in its belief that bitcoin is a transformative asset, one that offers long-term growth potential and serves as a bulwark against inflation and systemic risk. 🛡️📈

Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence.

Earlier this year, with bravado that would make a Cossack blush, Semler bought 455 more coins for $50 million. Average price per coin: $109,801. These are numbers that don’t warm your hands, but make your heart race and your wallet sweat.