One simply must keep up with the times, mustn’t one? Bitcoin’s little playground (or “DeFi ecosystem” as these nouveau riche tech fellows insist on calling it) is positively bursting at the seams. Rather like Aunt Augusta after Christmas pudding, I dare say. On Thursday – a perfectly ordinary Thursday, mind you – Hex Trust joined the parade with all the enthusiasm of a debutante at her first ball. 🎭
Why this ruckus, you ask? Well, it seems Babylon Labs (or should we say, BABY!) has unveiled their wondrous creation with the flair of a magician pulling a rabbit from a hat. Following their Phase 1 rollout back in the splendid summer of August 2024, which allowed folks to stake their Bitcoin (BTC) through the miracle of self-custodial contracts, the protocol has been swimming in a pool of funds! We’re talking about a dazzling 49,678.65 BTC (or a whopping $4.06B) gleefully staked in those very contracts. According to the pint-sized wizards over at DefiLlama, Babylon is now the second-largest fish in the Total Value Locked sea of restaking protocols, right behind EigenLayer! 🐠
But wait! This is not just any ordinary asset; it is the second of its kind, following the illustrious BFUSD. Jeff Li, the grand wizard of product at Binance, has proclaimed that LDUSDT will enhance your capital efficiency. Yes, you heard it right! You can earn rewards while juggling your assets like a circus performer! 🎪
The death cross, which just popped up, is basically XLM’s way of saying, “I peaked in December 2024, and it’s been downhill ever since.” 📉 The 50-day and 200-day moving averages are both sloping downward, which, according to classical technical analysis, is about as bearish as a grizzly in a honey factory. 🐻🍯 But wait! There’s a twist! The Relative Strength Index (RSI) is nearing oversold territory, currently at 38. This could mean the selling pressure is overextended, and a rebound might be on the horizon. 🌅
NARRATOR: (with flourish) Ah, mes amis! 🎪 What comedic spectacle do we witness today in this grand theater of cryptocurrency!
My dearest reader, you shall hardly believe the most extraordinary events that have transpired in our digital society. A sum most remarkable – nearly two hundred and fifty billion pounds sterling – has found its way back into the coffers of what the common folk refer to as “crypto markets.” This pleasant turn of events followed a most diplomatic pause in hostilities between our American cousins and their Oriental trading partners. 🫖
Now, hold onto your hats, folks! Atkins is stepping into a regulatory circus that’s been flipping and flopping like a fish out of water. According to the wise folks at Reuters, he’s all set to lead this agency through a whirlwind of policy changes. And guess what? He’s not just any old chap; he’s a seasoned SEC veteran and a loud cheerleader for the crypto industry! Nominated by none other than President Donald Trump, he’s here to fill the big shoes left by Gary Gensler, who decided to take a permanent vacation after a tumultuous relationship with digital asset firms. 🏖️
On the memorable day of April 9, 2025, 21Shares, in a display of audacity akin to a clever remark at a society ball, unveiled their strategic liaison with the House of Doge. Thus was born the Dogecoin ETP, proudly tagged with the ticker DOGE. The ever-dashing Duncan Moir, President of 21Shares—a gentleman with both wit and taste—asserted that this marvel is the “most direct and accessible passage to indulge in the delightful Dogecoin ecosystem.” 😏👌
The second season takes storylines from chapters 46 to 110 of the original comic series. Important story arcs include the Red Gate arc, Demon Castle arc, Hunters Guild arc, another visit to the Demon Castle, and lastly, the exciting Jeju Island arc. The final scene in episode 13 of season 2 shows Jinwoo entering a seemingly ordinary B-rank gate which then turns into a red gate. This surprising turn of events mirrors the ending of season 1 in the comic series.
As the market watched in a mix of horror and fascination, a tsunami of liquidations swept through, claiming leveraged positions worth a cool $600 million. CoinGlass, the ever-vigilant watcher of the crypto realm, dutifully reported this financial carnage, leaving many to ponder the fragility of their digital fortunes.