qfx The Zcash Foundation announced its plans for the next major network upgrade, called NU7, detailing a three-step technical process. In addition, the Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation on May 20th without taking any legal action, resolving a period of regulatory uncertainty.
Retail traders? Selling. Institutional traders? Also selling. Bitcoin? Just sitting there like a forgotten gym membership, wondering where it all went wrong. Kalshi’s traders are like, “Yeah, no. $100K this year? Cute. Try $76K and a side of humble pie.”
Key Takeaways:
So, the Fibonacci 0.5 retracement (yes, that’s a thing) from Solana’s April low of $76.45 to its May high of $97 puts us smack dab at $86.70. Coincidentally (or not), that’s right where SOL’s chilling at $86.37. It’s like the universe is trying to tell us something, or maybe it’s just really into symmetry.
This unholy alliance is the first fruit of their March tryst, which valued OKX at a cool $25 billion. Meanwhile, the Iran war-that ever-reliable bogeyman of the markets-has kept oil prices sky-high and trading desks in a perpetual state of panic. War, it seems, is good for business.
US stocks gained about $400 billion in value when trading began, as investors reacted positively to news that Qatar was sending negotiators to Tehran with US officials to work towards a peace deal with Iran.
So, apparently, the future of finance isn’t just another app with a sleeker interface or a brokerage that charges you less to lose your money. No, it’s a full-blown revolution, courtesy of stablecoins, tokenized assets, and AI agents that supposedly know how to manage your money better than you do. Because, let’s face it, who needs a human CFO when you can have a robot in your pocket? What could go wrong?
U.S. inflation expectations for the next year increased to 4.8% in May, up from an initial reading of 4.5% and slightly higher than the previous 4.7%. This rise is causing uncertainty about what it means for Bitcoin (BTC) and the wider cryptocurrency market.
So, the owner of the New York Stock Exchange (yes, that one) is teaming up with crypto’s cool kid, OKX, to launch oil futures that never expire. Because who needs an end date when you’re having this much fun? ICE brings the benchmarks, OKX brings the crypto magic, and we all get to watch the chaos unfold.
Apparently, the company has filed some hush-hush documents with the US regulators for an IPO. Because, you know, nothing says “I’ve arrived” like a public offering. Joining the ranks of other crypto firms eyeing the public markets, Blockchain.com is like that friend who shows up to a party fashionably late, sipping a martini and saying, “Oh, this old thing?”
