Cryptonews

No grime under the fingernails, no sweat on the brow—Arthur Hayes, a lad who once helped build BitMEX from spit and baling wire, now runs Maelstrom, which sounds like a fund and a hurricane all at once. On July 2, Hayes sat back—with that look of a man who’s seen more charts than sunsets—and pointed out the latest American magic trick: the Treasury’s plan to fill up the General Account like a bartender topping off beer for a nervy regular.
The catch? Every dollar they stash away is a dollar not out there hustling in the market, which means for a while, even bitcoin might feel a bit parched.

Recently, a most singular event occurred: 80,000 Bitcoins, mined in the ancient days when the cryptocurrency was but a fledgling, stirred from their long slumber. The crypto community was abuzz with excitement and trepidation. What did it portend? Was it a sign of the apocalypse or merely a clever ruse to manipulate the market? 🤔

Those bold architects of digital misfortune? Well, they now savor the aroma of prison porridge, contemplate the beauty of cement walls, and compose letters to bank creditors with a melancholy reminiscent of exiled poets. Debt, like bad poetry, lingers.

The game, reminiscent of The Mortal Kombat or Sango Fighter, features two players: Strategy and Metaplanet, represented by their respective leaders, Michael Saylor and Simon Gerovich. The HP metrics for each player are the amounts of Bitcoin held by these BTC treasury companies, with Strategy boasting a whopping 597,325 and Metaplanet lagging behind at 13,350.

Apparently, these RWAs include tokenized fixed-income and equity financial instruments. How quaint. According to Ripple, the blockchain company behind XRPL, this is all part of a grand plan to make the tokenized RWA market a $19 trillion behemoth by 2033. One does hope they’re not getting ahead of themselves, dear.

The Ethereum price is currently stabilizing near $2,520 after bouncing back from June lows. This recovery flipped a key Fibonacci level—the 76.4% retracement from the $2,523 to $2,372 drop—suggesting a potential trend reversal. However, immediate resistance lies at $2,665 and $2,720, with bulls needing a clear break above $2,735 to confirm a path toward the $3,000 target.

In a series of letters that could double as a modern-day version of the Magna Carta, lawmakers have demanded answers from Zelle’s parent company and the banks that own it—JPMorgan Chase, Bank of America, Wells Fargo, Capital One, PNC Bank, US Bank, and Truist. The questions are simple, but the implications are anything but: What’s going on with all these scams, and why are you not doing more to stop them?

Since hitting rock bottom on June 24, bitcoin’s computational power has jumped from 810 EH/s to 898 EH/s. The rebound followed summer cutbacks by U.S.-based miners, a bump in price, and a 7.48% network difficulty adjustment that took place six days ago.

Now, let’s take a gander at the numbers, shall we? 📊