Cryptonews

Biswarup Chatterjee, a figure of considerable note within the halls of Citigroup, shared with Reuters that the initial thrust of the bank’s endeavor would likely be the provision of custody services for “high-quality assets backing stablecoins.” Chatterjee, a man whose duties encompass the management of treasury, payments, cash management, and other enterprise solutions for the corporate giants, speaks with the authority of one who understands the intricate dance of finance and technology.

The Bank Policy Institute (BPI), along with its esteemed colleagues in the banking world, has taken up its quill to beseech Congress to tighten the reins. They fear-oh, how they fear!-that the advent of yield-bearing stablecoins might siphon off as much as 6.6 trillion dollars in deposits from their coffers. According to their dire predictions, this would spell doom for lending and send borrowing costs soaring. Heaven forbid! 🙄

In a spectacular twist of fate, Cardano has pirouetted past TRON, with ADA now strutting its stuff at $0.9549 while TRX lags behind at a mere $0.363. This dazzling shift reflects ADA’s recent upward shimmy, supported by a steady build in trading volumes and a gradual reclaim of higher support levels. On the charts, ADA has triggered a major V-shaped uptrend, like a well-trained acrobat! 🎪

In the autumn of 2024, this rogue absconded with a cool $53 million from the cross-chain DeFi protocol Radiant Capital. At the time, this sum was swapped for 21,957 ETH, a move as bold as it was brazen. Fast forward to today, and the value has doubled, leaving our miscreant richer than a society hostess with a trust fund. 🤑

In a post on the digital agora of X, Stockmoney Lizards unveiled a macro chart-a tapestry of lines and oscillators-claiming Bitcoin’s path is as predictable as a Chekhovian protagonist’s downfall. Since 2012, our hero has climbed a rising parallel channel, its peaks kissing the upper resistance with the inevitability of a Russian winter. Now, it approaches the midline, a moment the Lizards deem “critical,” as if the currency itself were a character on the brink of self-realization. 🌊📈

“Hardly any inflation at all. 401(k)s and the stock are soaring,” President Trump noted. 😉

Dogecoin [DOGE] is doing its own thing, like that one friend who insists on wearing socks with sandals. It’s partially decoupling from Bitcoin [BTC] and Binance Coin [BNB], which are busy flexing their new all-time highs. Spoiler alert: the chances of a DOGE rally in the short term? Slim to none. 🙄

Why the sudden surge? Well, it seems Ethereum’s been throwing a party, and everyone’s invited-but the main hall’s a bit crowded, so the cool kids are spilling over to the Layer-2 (L2) solutions like Arbitrum. 🥳🎉

This statistical indiscretion left the markets trembling, as whispers circulated that the Federal Reserve might keep interest rates perched atop their lofty throne even longer. Risk assets-particularly those most beloved by insomniacs and Twitter prophets, like cryptocurrencies-suffered under this monetary melodrama.

USCF, that alchemist of exchange-traded wonder, proposes a twisting, double-threaded ETF, equal parts crude and digital madness: a gambit to unleash 2x exposure to both black gold and code-born coin. The ghost of futures past and the whisper of blockchain, together in one trembling flask? Why not! Even the moon gets bored of orbiting alone. 🌑💻