EURJPY

Started as a place to buy Bitcoin.

Key Takeaways:

This gentle wobble arrived just three sessions after the IPO at $135, during which SpaceX briefly strutted around with a $2.8 trillion valuation. For a fleeting moment, it even sidled up next to Amazon, presumably asking if it could borrow a cup of market cap before the enthusiasm fizzled.

Key Takeaways:

Bitcoin hovers near $66,000 as the June 17 verdict approaches. Its recent history offers all the comfort of a Siberian winter: eight selloffs in nine meetings, no matter whether the Fed held, cut, or merely sighed in a different direction. One might say fate has a sense of humor – a dark one.

This article, my dear reader, will unravel the tangled ropes of USD1 payouts, the greedy hands behind the sponsorship, and the steps teams might take if they’re foolish enough to join this crypto carnival. We’ll compare stablecoins to good old-fashioned wires and checks, point out the banana peels along the way, and tackle the absurdities that don’t fit into neat headlines.

The axe falls on June 19 at 6am UTC, by the way, and the unlucky pairs are all cross margin trades for the crypto equivalents of that band your cousin was obsessed with at uni that no one has streamed since 2021: Civic (CVC), Rocket Pool (RPL), XAI (XAI) and Ravencoin (RVN). So if you’ve got any skin in those CVC/USDC, RPL/USDC, RVN/USDC or XAI/USDC games, you might wanna pay attention.

And in a move that shocks exactly no one who has ever dealt with a crypto exchange, Binance didn’t bother to explain why they’re pulling these pairs. No “liquidity issues”, no “regulatory stuff”, no “we accidentally deleted the code and don’t wanna admit it”-just a blank announcement outlining the delisting process like they’re returning a library book they borrowed 10 years ago and don’t want to make eye contact with the librarian.

Kakao has reportedly begun formal discussions with banking partners to build a consortium for a Korean won‑backed stablecoin. This marks a significant escalation in South Korea’s digital asset race, which is starting to resemble a particularly competitive game of Monopoly-except everyone wants to be the bank.

In a post on X (formerly Twitter) on June 16th, Michael Saylor explained his vision for a five-part system for digital assets, centered on Bitcoin. He emphasized that Bitcoin doesn’t require staking.

Almost all articles regarding criticism of $MSTR selling stock to buy Bitcoin point to the fact that MSTR has always sold stock to buy Bitcoin. But that rationalization misses the point of the criticism. Past sales were done at a premium. Current sales are done at a discount.