qfx Guess what? On July 29, the Hong Kong Monetary Authority rolled out the red carpet but said “Nope!” to stablecoin licenses for now. Who needs them, anyway? đââď¸ Theyâve got a brand-new regulatory framework that kicks in on August 1, so sit tight!
For the uninitiated (hi, Mom!), Bitcoin Core is the *main* open-source software running the blockchain. Yes, the one everyoneâs obsessed with. đ¤
According to the sages at CoinMarketCap, Stellar is flirting with a golden crossâa term so fancy it sounds like something youâd find in a treasure hunt. This cross, where the 9-day and 26-day moving averages kiss on the hourly chart, hints at a possible breakout. Itâs like when two old friends meet after years apart, and you know something big is about to happen.
The first whisper of changing tides emerges from the short-term holder Net Unrealized Profit/Loss (NUPL), a metric that charts the unrealized gains and losses of those who have acquired DOGE within the last 155 daysâthese are the souls most prone to the whims of the market.
Weâve got CryptoQuant, the âon-chain data analyticsâ heroes (honestly, just give âem a cape already), reporting that these short-term holders are, frankly, hanging by a thread. Darkfostâlove the name, sounds like he moonlights as a supervillainâpoints out that on-chain traders are scraping together a 13% gain. Apparently, these are the folks glued to their screens, refreshing charts on the spot market, riding every little bump like itâs the Coney Island Cyclone. đ˘
Bitcoin, that stoic giant, still stands firm in its structural might, but its dominance wanesâopen interest fallen from 51% to 41% in a mere three months. A shift, yes, a seismic one, as traders reposition themselves in the derivatives wilderness. Ethereum rises like a phoenix from the ashes, its dominance climbing from 17% to 26%, fueled by tales of renewal and speculative fire. Altcoins hover in the low 30s, stable yet treacherous, driven by the ceaseless dance of capital between them, surges of greed, and the endless parade of listings on exchanges that promise wealth but deliver only illusion. Traders, blind to their folly, chase gains in ETH and other fleeting cryptocurrencies, thinking themselves clever. But oh, the fragility! This fragmentation of capital across volatile seas invites systemic chaos, amplifying liquidations and turning every whisper of bad news into a thunderous collapse. đ
Enter stage left: Gemini, Google’s AI assistant. It is as if a well-meaning puppy stumbled into a sophisticated soirĂŠe, yet here it is, eagerly fetching insights from the great internet abyss. What a time to be alive!
The worldâs leading crypto exchange announced that deposits and withdrawals for all networks will be paused on July 31. The reason? A live upgrade on the wallet network infrastructure, which should take approximately 15 minutes. One can only imagine what 15 minutes feels like when you’re waiting for your crypto to be available again. Time flies when you’re having fun, they say, but it seems to crawl when you’re staring at a loading screen. đ
This isnât just any old treasure chest of crypto coins; oh no, this is a PIPE (Private Investment in Public Equity), darling. Picture it: $400 million in cold, hard cash and another $100 million in cryptocurrencyâbecause apparently, even billionaires canât resist the allure of digital glitter. Whatâs the plan for all this loot? Why, to craft a crypto treasury strategy focused on the ever-so-popular BNB Chain, naturally.