The UAE, a kingdom not without its mysteries, has taken this bold step at the behest of the Ministry of Finance. Picture this: a land where digital assets swirl like sand dunes in an endless dance, and suddenly, tradition meets modernity in a bureaucratic pas de deux. Signed not with a simple pen but through a spectacle worthy of an age-old carnival, this agreement is both a nod to order and a stretch in an endless yawn of paperwork.
By Thursday and Friday, the floodgates opened, adding $746 million to the crypto coffers. Markets, those fickle prima donnas, reassessed their tantrums and decided the rate cut was, after all, a masterpiece. Solana and XRP, those lesser deities in this pantheon of pixels, also basked in the glow of inflows, though their adoration was but a whisper compared to Bitcoin’s thunderous $977 million haul. Ethereum, ever the sultry siren, seduced $772 million, while Short-Bitcoin products wept into their digital hankies, shedding $3.5 million and shrinking to a multi-year low of $83 million. A tragedy, perhaps, but who has time for tears in this circus of greed?
World Liberty Financial’s token WLFI is gaining market attention as new lending markets open and price action nears crucial levels. The token is now supported on Lista DAO, while traders are closely monitoring whether it can maintain its position or break out toward higher targets. 🤔📉
So, XLM is chilling near $0.35, and everyone’s watching it like it’s a reality show contestant about to snap. The asset’s been sideways more than a lost tourist in Times Square. Technical analysts are saying, “Oh, look, a breakout might happen!” Meanwhile, the $0.50 level is the cool kid everyone wants to sit with. 🌟
XRP price stagnation can no longer be attributed to its lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), according to crypto lawyer Bill Morgan. With the lawsuit officially settled and Ripple’s $125 million payment to the U.S. Treasury, XRP now faces a different set of challenges that influence its future price performance. A mere pittance, surely, for such a monumental legal ordeal. 💸
Leading up to the event, Axelar dropped hints like breadcrumbs leading to a black hole. “A new yield-bearing XRP product is launching,” they said. “If you’re a large XRP holder, complete the form below!” Because nothing says “trust” like a pop-up form and a vague promise. On Saturday, their BD Lead, Leo Wu, summed it up with the subtlety of a sledgehammer: “gmXRP @axelar + @MidasRWA – Infinite buying power for XRP.” Because of course, it’s a “good morning” token now. 🌞
In Monday notices, the US Treasury Department and HM Treasury declared the cross-country effort, a whimsical dance through the already established UK-US Financial Regulatory Working Group, promising a report with recommendations within 180 days-because nothing says “urgency” like a 6-month timeline. 🕰️
But wait, dear reader, don’t despair just yet! Despite the gloom, SUI has hit 1,632 TPS and a staggering $143 billion in DEX volume. So, the network is growing-though its ADX strength is as weak as a watered-down espresso.
Leading the parade of disappointment are Bitcoin (BTC) at a cozy -2.3%, and the slightly more dramatic BCH at -5.1%. Meanwhile, the laggards are UNI and AAVE, both nose-diving at an astonishing -10.4%. Trust the crypto world to turn a good day into a spectacularly bad one! 🎢💸
Bitcoin, Ethereum, Cardano, and even Hyperliquid – they all decided to have a bad day and head south, leaving meme coins scrambling in the dust. And oh boy, did they get hit hard! Many meme coins took a bigger tumble than the industry giants – apparently, they’re not invincible after all.
