Cryptonews

Representative Gregory Meeks, New York’s favorite fiscal watchdog, led a letter to Treasury Secretary Scott Bessent (a man who, for the record, has never been accused of being a “flunky” of anyone). The letter, signed by over 40 lawmakers, requests a full review of WLFI’s ties to foreign investors, including the UAE’s Sheikh Tahnoon bin Zayed Al Nahyan-better known as the “spy sheikh.” A name that, if nothing else, at least adds a dash of intrigue to your crypto portfolio.

On the fateful day of February 7, Bitcoin’s difficulty took a nosedive, plunging 11.16%-a spectacle not witnessed since 2021, when China, with the zeal of a nosy neighbor, banished mining from its shores. At block 935,424, the metric retreated like a coward from a duel, a retreat most ignominious.

The proceedings, held behind locked doors on the 19th of February, were a masterclass in political theater. Attendees included such luminaries as Coinbase, Ripple, and Andreessen Horowitz (A16z), whose representatives were no doubt practicing their most disarming smiles, all of which would be wasted on the bank trade associations-American Bankers Association, Bank Policy Institute, and Independent Community Bankers of America-whose members communicated via telegrams, presumably to maintain an air of dignified detachment.

As I scribble these words, BTC stands at a shaky $66,988, down 1.75% on the day and a staggering 46% from its former glory of $126k. You’d think this would deter the faithful, but lo and behold, analysts have their rose-tinted glasses firmly in place, peering into the abyss with a hopeful glint in their eyes. They see the end of this dark tunnel-if only we could find the light switch.

As the sun dipped below the horizon on Wednesday, Ethereum’s value again flirted with the cursed threshold of $2,000, much like a melancholic lover who cannot seem to find solace in the arms of another. During this ballet of fluctuating prices, the network, with all its pomp and circumstance, appears to have reached a moment of historic significance-evidenced by the burgeoning staking ecosystem that could put a farmer’s yield to shame.

Why, the search engines be lit up like a Christmas tree with queries like “Is Bitcoin going to zero?” and “Bitcoin dead,” which is more than a bit alarming, if you ask me. It’s like the market’s been handed a lemon and is sipping it with a frown.

The Chicago-based marketplace, a titan of derivatives, proclaimed on a Thursday (a day most ordinary, yet now immortalized) that its cryptocurrency futures and options shall trade without cease, beginning at 4 p.m. CT on May 29, regulatory gods willing. A bold move, indeed, to keep pace with the relentless tempo of the digital realm.

According to reports-you know, the kind that make you wonder if the world is being run by a particularly sadistic toddler-U.S. military officials have assured President Donald Trump that their strike options against Iran are “ready to go,” possibly as early as this weekend. Because nothing says “stable global economy” like a last-minute war plan.

The proposal includes hiking gas fees (because who doesn’t love a good price hike?) and then burning those tokens like they’re last season’s fashion. Oh, and they’re locking up foundation-held assets for good measure. It’s like a financial Swiss Army knife-complicated but supposedly useful.

Oh, dear old Bitdeer Technologies (BTDR), always a masterclass in financial acrobatics! On Thursday, its shares performed a death-defying plunge after announcing a $300 million private sale of convertible senior notes. Because who doesn’t want to invest in a company that promises to turn debt into cash, shares, or a soggy mix of both by 2032? The underwriter even threw in a $45 million “greenshoe” option, because why not? It’s like a magic trick where the rabbit ends up in a tax bracket.