Speaking to CryptoMoon, Graham Krizek, founder and CEO of Lightning Network payments provider Voltage, said increased adoption of the layer-2 network will see it handle 5% of the global stablecoin volume as early as 2028. 🤯
They excitedly note that the global cryptocurrency market is expanding faster than a hyperactive octopus at a dance party. Apparently, BTC, which the unimaginatively celebratory have dubbed “digital gold,” has piqued the interest of institutional investors who’ve been scratching their heads over the ever-weakening yen and the financial instability that’s sweeping the globe like a slightly unpleasant cold. 😷 Not to mention the appeal of holding digital coins that might one day be a reliable means of asset diversification—or at least a great conversation starter at parties.
The Securities and Exchange Commission (SEC) has swooped in like your well-meaning but ultimately confusing aunt at Thanksgiving, putting a hold on crypto index ETF products by Bitwise and Grayscale despite earlier approvals. Thanks, SEC! 🙄
“There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,” he croons to CNBC, as if reciting a sonnet to a stock ticker. 🎭
In case you missed it, Ghana’s central bank is totally on board with the whole cryptocurrency thing. They’re putting together some regulatory framework to officially license digital asset companies, and – wait for it – they’re aiming to have it ready by September. Mark your calendars, folks! Johnson Asiama, the big cheese over at the Bank of Ghana, said this law will help Ghana use cryptocurrencies for all sorts of things, like attracting investment and, you know, possibly making some money off it. Genius idea, really.
JasmyCoin [JASMY], the star of our financial drama, experienced one of the most dramatic plunges in recent memory, losing 14% of its value in just 24 hours. Yet, just last month, it was basking in the glory of a 22% gain. Oh, the fickle nature of fortune! 🍀💔
So, Bitcoin’s chilling around $120k to $117k, and suddenly long-term holders are like, “Time to sell!” Dumping those dormant coins into the wild. Sounds messy, right? Wonder if this spells doom or just a minor headache for BTC. 🤔
Following the grand rebound from $2.96, our dear XRP has decided to dapple in the charming arts of bullish reversal. A short-term breakout sashayed between $3.06 and $3.09, with trading activity that would make even the most docile bulls take notice. Momentum seemed to be in a jolly mood, pushing the price up to $3.24 as if it were training for a marathon. Analysts are drooling over the consistent pattern of ascending lows—from $2.96 to $3.11—like kids eyeing the last cookie, suggestive of a waning bearish presence.
This endeavor coincides with the recent enactment of the GENIUS Act, a legislative marvel that establishes a federal regulatory framework for payment stablecoins, elucidating the arcane rules governing reserve assets. 📜
Over the past two years, this cryptocurrency enterprise helmed by Joseph Lubin has become something of a master at downsizing, shedding 38% of its employees amidst a whirlwind of institutional chaos, legal skirmishes, and macroeconomic headwinds. One wonders if there’s a trophy for Most Persistent Layoffs—or perhaps just a participation ribbon?
