The proposal, known formally as SIMD-0326 (a name only a bureaucrat could love), is now live for validator votes. Early signs suggest over 10% are already signaling support. But let’s not pop the champagne just yet; to pass, this digital plebiscite requires at least 33% quorum and a two-thirds majority. Validators, those modern-day electors, must choose wisely-or risk being roasted in Twitter threads for eternity. 🔥
Stani Kulechov, that visionary, that architect of digital dreams (or perhaps nightmares?), proclaims Horizon will “enable lending and borrowing at institutional scale.” Oh, the scale! As if size absolves one of consequence! He claims it provides the “infrastructure” these institutions require. Infrastructure! As if their very existence is somehow insufficient. They need a blockchain to operate onchain? The irony is… thick enough to cut with a knife. 🔪
Here’s a glimpse into the world of extra funding: the $25 million is on top of Inveniam’s earlier $20 million chip-in, meant to jazz up some blockchain scene in the UAE and U.S. While Inveniam’s cash bump was for institutional stuff, this fresh $25 million is all about shopping for OM tokens in the open market. Can you believe that?
Meanwhile, CoinMarketCap’s Altcoin Season Indicator jumped 12 points this week, and Bitcoin’s dominance is on the brink of its lowest point in 6 months. Will we finally witness the rise of the altcoins? 🤔 The signs are there, so why not pour in your investment and hope you don’t lose it all?
Eric Yip, that illustrious authority behind the Securities and Futures Commission (SFC), and the dashing lawmaker Johnny Ng initially flaunted their names on the illustrious roster of speakers scheduled for the conference on those fateful days of August 28 and 29. Yet, much to our collective chagrin, their names have seemingly evaporated from the event’s virtual parchment. Ng, when questioned, opted for the enigmatic cover of “family issues,” which presumably meant something more exotic than a game of Monopoly gone awry, while the SFC, in a stunningly vague statement, claimed that Mr. Yip was now engaged with a “business trip,” which might well have involved avocados or, dare I say, hedge fund escapades.
BTC has rebounded to $112,800 after briefly flirting with sub-$108,800 levels earlier this week. This bounce seems fueled by an all-time high in the S&P 500 and Nvidia’s earnings report, which was so good it made artificial intelligence seem almost… sentient. 🤖✨
“Now we have to navigate isolated mini-cycles where only some sectors pump while others get left behind,” he added, clearly not impressed by this new era of crypto chaos. 😅
In a missive shared upon the platform known as X, the esteemed institutional DeFi solutions provider Sentora (formerly known as IntoTheBlock, though one wonders why they felt compelled to alter their name) hath illuminated this peculiar trend. Spot ETFs, those most convenient contrivances, permit investors to dabble in assets such as ETH without the vulgar necessity of direct ownership.
ADA shuffled its feet between $0.82 and $0.87, looking as indecisive as a mule staring at two bales of hay. Traders licked their lips, eyeing that $0.95 resistance like a diner eyeing the last piece of pie.
The new ETPs-priced in SEK, because Euros and Bitcoin just don’t mix-let investors dabble in digital assets without the hassle of actually owning them. Or, as Valour might say, “We’ll handle the crypto; you handle the existential dread.” The tokens on offer range from the vaguely ominous (VeChain) to the bafflingly niche (Pi, which I assume is 3.14… plus some blockchain magic). Collectively, they make up a “diverse set,” which is marketing speak for “we’re throwing everything at the wall and hoping it sticks.”
