The market cap jumped to a casual $5.2 billion. That’s billion, with a ‘B’, which sounds impressive until you realize six zeroes can confuse even the savviest trader-or your Uncle Larry trying to explain NFTs at Thanksgiving. Trading volume spiked too, with $703 million changing hands in 24 hours. That’s a 42% increase, or, in other words, a bunch more people decided to throw their life savings at it.
So, the Scroll DAO – that fancy-sounding decentralized autonomous organization – is putting its governance on timeout after some of its leaders decided the party was over and walked out. This stunning revelation came out during Wednesday’s delegate gossip session (okay, delegate call).
Ladies and gentlemen, mark this day: Vietnam’s government hath authorized a five-year pilot program for crypto asset trading, a bold step toward regulating a market that hath been thriving with the vigor of a summer garden. One must admire the audacity of it all! 🌿
For years, these crypto companies were stuck watching everyone else get tax breaks and government goodies. It’s like being at a party and realizing you’re not on the guest list. Rude! Turns out, thinking crypto was too “speculative” was holding back innovation. Who knew? 🤷♀️
According to a statement from South Korea’s Ministry of SMEs and Startups, the move was passed during a cabinet meeting on Tuesday (and we all know that *cabinet meetings* are where the magic happens). They’ve decided to revise the Enforcement Decree of the Venture Business Act, *finally* removing the barriers for crypto trading and brokerage businesses. Yes, you heard it right-no more restrictions on these digital money folks. 🙌
So, Coupang’s jumping on the blockchain bandwagon with Tempo? Great, now I can buy my instant ramen with stablecoins. Meanwhile, Japan’s rolling out stablecoin credit cards. Because who doesn’t want to pay for their sushi with crypto? 🍣💳 These moves scream “mainstream adoption,” or maybe just “desperation for relevance.”
Turns out, this trend isn’t just an outsider’s fascination. A chap (and I do mean chap) named “callebtc” noticed this spike and just had to let the digital word out. Because who needs mainstream media, right? Feel free to blame Yelp reviews for all your life choices!
Sandeep Nailwal, the captain of this cryptographic galleon, could not contain his admiration for his crew. “Ah,” he exclaimed, “these engineers, they are not mere mortals but artisans of code, weaving solutions from the very fabric of logic!” He vowed that Polygon would press on, undeterred by such trifles, for the path to greatness is paved with the stones of adversity. 🛠️
Both spot and derivatives market data scream one thing: traders are bored, disinterested, or perhaps just too smart to buy into this sinking ship. The token could very well revisit its all-time low of $0.16. Ah, sweet memories of rock-bottom. 🤦♂️
According to the on-chain analytics team at Glassnode (who probably spend more time with numbers than we do with our own families), Solana’s Open Interest has been climbing as the price of SOL continues to be one of the few shining stars in a galaxy full of market chaos. Basically, Open Interest tracks the total amount of perpetual futures positions tied to SOL that are currently open. Yes, it includes both short and long contracts, because we can’t have just one side of the story. 🙄
