The gist is: Dogecoin printed a “bullish engulfing candle” on the weekly. Translation: it made a green crayon doodle that’s bigger than last week’s red crayon doodle. He says if DOGE can just close above $0.241-roughly the cost of one CVS receipt-we’re officially in the promised land. Hold my chew toy, Shaq. 😂
The price of Ethereum (ETH), that most fashionable of cryptocurrencies, has risen by 4.74% over the last 24 hours. A modest increase, one might say, for a coin with such grand delusions of grandeur. 🎩✨
Enter Soramitsu, the Japanese blockchain wizards best known for making Cambodia’s digital money feel slicker than a Tokyo commuter train at rush hour. They’ve just been handed the keys to Pakistan’s financial candy store. The State Bank of Pakistan (SBP) wants the pair to whip up a shiny pilot programme for a Central Bank Digital Currency (CBDC). The goal? To give the Pakistani rupee a smartphone makeover without accidentally crashing the entire economy. No pressure. 🫣
Bitcoin (BTC), that old rascal, crossed the mighty resistance point of $122,000, while Ethereum (ETH) soared above $4,700, leaving many a jaw on the floor. And let’s not forget the sprightly Solana (SOL), Binance Coin (BNB), and Ripple (XRP) who joined the party, dancing like they just won the lottery.
DAT companies, my dear reader, are not mere hoarders of cryptocurrency, content to let their digital riches gather dust in the vaults of their balance sheets. Nay, they are the alchemists of the modern age, actively deploying their holdings in a quest to transmute idle assets into golden yields. Through staking, lending, and other arcane financial rituals, they seek to compound returns, a strategy as ambitious as it is fraught with peril. 🧙♂️🔮
The deal-forgive me for trembling at its brazen capital letters-dangles Vivopower before Crypto.com’s glittering cabal like a new necklace at a duchess’ ball. Rumor has it the Flare Network will soon sprinkle restaking stardust on this liaison, a bit like adding gold leaf to a gateau already oozing with sarcasm icing. 🎭
These companies, eager to tokenize everything from grand estates to slightly-less-grand paintings (one begins to suspect they simply enjoy partitioning things!), must, she insisted, be forthright in their dealings. The SEC, it seems, will condescend to “engage” with these innovators, a gesture that suggests a wary parent observing a child building a rather precarious tower of blocks. Responsible growth, naturally, is the desired outcome – though one wonders if ‘responsible’ is a word frequently uttered in these circles.
For those unfamiliar with this modern-day tragedy, Do Kwon co-founded Terraform Labs, home of the infamous TerraUSD stablecoin and its sidekick, Luna (now affectionately dubbed Luna Classic). Back in 2022, these digital darlings imploded spectacularly, wiping out an estimated $40 billion in value faster than you can say “algorithmic magic.” 🪄📉 And now, here we are, watching Kwon shuffle into court like a gambler who just lost his last chip.
This wallet, a veritable treasure chest, originally received a staggering 20,756 ETH from the Foundation’s illustrious “EF 1” address back in the quaint year of 2017. One can only imagine the tea parties and garden fetes such wealth could fund. But alas, these transactions are merely part of the Foundation’s rather mundane, yet essential, treasury and funding strategy. They support the oh-so-necessary operations, grants, and the ever-so-vital ecosystem development. How thrillingly responsible!
So, Solana decided to get its act together after finding support near the $175 zone, joining the cool kids like Bitcoin and Ethereum. It climbed above $180, officially entering the “I’m feeling good” zone. 😌