Cryptonews

Bitcoin, once a herald of prosperity, now finds itself below $110,000, and the question on every troubled investor’s lips is: Is this the beginning of a more profound correction, or a temporary blip in the matrix? The Relative Strength Index (RSI), that cruel instrument of fate, is inching towards the overbought abyss. Experts-those whose words we cling to in such dark times-suggest that this is merely part of the eternal cycle: the pendulum swings between euphoria and despair. And yet, the bitter truth is clear: until Bitcoin surges above $118,000, like a phoenix rising from the ashes, there remains a chilling specter of further downfall.

Armed with this little lot, CleanSpark plans to doll up their data centers, jam up their high-performance computing efforts, and help their Digital Asset Management team – y’know, the folks who play with numbers. They’re sitting pretty with over 12,000 BTC in their treasury since January 2025, when they started with a modest 10,000 BTC, by the way.

Because ERC-20 tokens drift seamlessly through exchanges, wallets, and DeFi platforms, like pleasantries at a village tea. Capital moves with less friction and more speed, which is to say, people can gamble or lend or flee a bit faster.

ADA’s forming a base at demand? Sounds like it’s building a fortress out of Monopoly money. Sellers are “running out of steam”? Maybe they’re just tired of getting burned by this rollercoaster. The moving averages flattening? That’s the crypto version of “I give up.” But hey, if buyers step in, maybe we’ll see a surge. Or maybe not. Spoiler: it’s probably not. 🚀💥

Next week, the Senate Finance Committee will host its very own Survivor episode-except instead of tribal councils, they’re debating whether crypto should be taxed like a stock, a commodity, or a cursed heirloom. 🧠⚖️ Chairing the chaos: Senator Mike Crapo, who’s probably Googling “how to crypto” as we speak. The hearing coincides with the White House’s July plea for “updated rules” because, apparently, the current system is about as useful as a screen door on a submarine.

The magic behind this stunt is something called strategy tokens (S-Tokens), which, in theory, allow retail users to experience the allure of Chintai’s tokenized securities. Think of it like looking at a gorgeous car through a very expensive glass window. You can’t touch the car, but you can enjoy the view of its roaring engine through the “loan structure” and “mirror effect”-which sounds way more complicated than it needs to be, but hey, who’s judging?

Politicians across both nations are talking a big game about Web3, but don’t start popping the champagne yet. There’s a whole lotta red tape and regulatory hurdles to jump through before any of this comes to fruition. Crypto enthusiasts, buckle up and take those bold promises with a grain of salt. 🧐

Hong Kong-based HashKey Group has launched a significant $500-million Digital Asset Treasuries (DAT) fund, marking a major step toward mainstream acceptance of cryptocurrencies. This initiative places digital assets at the heart of treasury innovation. 🤯