Bitcoin is basking in the glory of this bull run, while Pi Coin? Well, it’s trying to keep up, but it’s looking more like a tortoise in a race with a rocket. Some in the Pi community are already pulling out the popcorn, preparing for what they fear may be an upcoming disaster. Spoiler alert: it’s not looking pretty. 🍿
This development, rather amusing in its irony, marks a significant shift for the esteemed asset manager, who has, until now, been a vocal critic of Bitcoin (BTC) and other digital currencies. One might almost suspect a change of heart, were it not for the steadfastness of their skepticism.
Imagine the scene: Ethereum began a bold ascent above the $2,800 threshold—oh, the audacity—following in the well-heeled footsteps of its pal, Bitcoin. It danced its way past the $2,880 resistance zone and strutted into a positively jolly place.
SHIB just closed a weekly candle at $0.00001334, positioning itself above a significant support level and setting the stage for a potential 20% surge if the momentum continues. It’s like the dog is wagging its tail so hard, it might just fly off!
This example could provide a useful cautionary tale for leaders around the globe. Even if a government is determined to liquidate its holdings, a few delays could’ve brought Germany much larger returns. After all, who doesn’t love a good delay, especially when it means more money? 🕒💰
As he kicked off this financial escapade, our dear Investing Broz reminded us of the critical orchestration at play: Bitcoin’s explosive gallop has sparked a wave of speculation marking the potential return of altseason. “This is just one more egg in the basket of potentially altcoin season coming very soon,” he chirps, as if talking about breakfast rather than the fate of our portfolios.
In the colorful tapestry of this digital agora, we find some familiar characters: the likes of Base and Arbitrum. What’s that? Base is now the aristocrat of L2 transactions? Well, one could say the Ethereum mainnet, dear reader, remains the venerable yet humble base from which all value doth spring forth. It still processes a monumental 85% of transactions; perhaps it has learned the value of intrusion by delegation? 🤔
Ah, but pay attention, dear reader! In the cacophony of social media chatter, analyst Dom declared the rise, revealing that Upbit, that bustling Korean exchange, accounted for a staggering 70% of net spot XRP purchases. Imagine, if you will, a train made of 32 million tokens barreling down the tracks in just 24 hours—reminiscent of the Great Depression, but with fancier gadgets. ⚡🚂
On July 14, Sui (SUI) experienced a jaw-dropping 10% increase in just 24 hours, rising from a daily low of $3.44 to as high as $3.99 before settling at $3.84 at the time of writing, according to crypto.news data.
According to Bloomberg, Bailey said that stablecoins are dangerous unless they obey strict regulations. According to him, stablecoins have to be secure and reliable as people treat them as ordinary money. There is a concern that, without any regulations, stablecoins will provide an opportunity to conduct illegal operations like money laundering. This is why Bailey favors robust rules like those applicable in conventional banking. Because, you know, we don’t want to be the bad guys here. 😏