After serving us an almost perfect inverse head-and-shoulders formation (think yoga pose gone slightly wonky), DOGE is now flexing its muscles against the last major resistance before a potential +22% rally. 🏋️♂️ The bottom? A cute $0.117. The shoulders? Symmetrical and sassy at $0.138. Now, it’s all about that neckline, honey. If it breaks through, technical projections say we’re headed to the $0.178-$0.186 range. Cha-ching! 💰
Galaxy Digital has completed its first tokenized collateralized loan obligation (CLO), a feat so daring it deserves a standing ovation. Issued on the Avalanche blockchain with a $50 million anchor from Grove, this transaction is less about numbers and more about proving that even the stuffiest corners of finance can learn to waltz. Announced on January 15, it’s the kind of event that makes one wonder if blockchains are finally hosting the party everyone’s been invited to.
Enter our heroes-Layer 2s! These plucky little sidekicks have taken center stage in Ethereum’s scaling saga. Among them, Base has been the belle of the ball this past year. Built on the OP Stack with a sprinkle of magic from Coinbase, Base has secured its spot as one of the most popular L2s, at least in terms of transaction volume and developer enthusiasm. With low fees, high throughput, and EVM compatibility, it’s like a candy store for DeFi protocols and token projects. No more waiting around for the Ethereum mainnet; they’re jumping straight onto Base like kids on a trampoline! 🎉
On a Wednesday that felt suspiciously like a calendar page, Pakistan declared it had signed a memorandum of understanding with a crypto firm linked to the Trump Family’s main crypto blockbuster, World Liberty Financial-a collaboration so earnest it could have been drafted by a slightly bored robot. 🤖
After painstakingly perusing the Senate Banking draft text for a staggering 48 hours (one can only imagine the mental gymnastics involved), Coinbase has regrettably concluded that it cannot endorse this legislative masterpiece as it stands.
The issues are many, and include:
– A de facto ban on tokenized equities: Because who needs innovation anyway?
– DeFi prohibitions, granting the government unfettered access to your financial… secrets.
Egrag Crypto’s latest missive reveals XRP’s 3-day chart as a sonnet of bullish resolve, even as consolidation grips the tempo. The price, trapped in a descending channel, now tiptoes toward the $2.30-$2.40 corridor-a decision point where fate and Fibonacci converge.
The crypto market, a fickle beast, kicked off the third week of this month with the kind of momentum that makes even the most grizzled traders raise an eyebrow. The TOTAL market cap swelled by 4.45%, or roughly $130 billion, in one swift move-enough to make a man forget his troubles, at least for a spell. 🤑
Ripple, the blockchain company that’s basically the Switzerland of digital money, has just managed to get a green light from Luxembourg’s financial watchdogs. This is a small miracle, considering Luxembourg’s bureaucracy is about as efficient as a leaky sieve. The CSSF (who are clearly the real heroes here) handed Ripple a preliminary EMI license, which means it can now inch closer to full regulatory compliance. Not that anyone asked for it, but hey, progress!
According to filings and public statements, the firm aims to use the charter to issue and manage a dollar-pegged stablecoin called USD1, which has grown quickly since launch-perhaps as swiftly as a goldfish with a jetpack. 🐠🚀
It is supposed to let traders lay wagers on digital assets and financial outcomes while employing the same capital across several pursuits, like a clever man who borrows from his own pockets to pay debts on multiple mischievous rides.