So, Changpeng Zhao, the Co-Founder of Binance and one of the undisputed titans of the crypto universe, has thrown some shade at a resurrected claim that his exchange secretly pocketed massive profits by playing both sides on BitMEX during the March 2020 market meltdown. Because who doesn’t love a good conspiracy theory?
At a Senate Banking Committee hearing on February 12, Atkins described rapidly-growing prediction markets as “a huge issue” for federal regulators. If you imagine a roomful of people in suits debating tiny legal distinctions with all the vigor of football fans arguing over a penalty, you’re not far off-the stakes are just measured in dollars and legal opinions instead of goals and groans.
In the grand salon of finance, tokenized gold has elbowed its way into the limelight, swelling the market cap past six billion as investors, like caffeinated cabs on a foggy night, hurry to ride the blockchain express. And yes, it’s risen by a neat 53% in less than six weeks, with enough physical gold backing to give a bullion broker a contented sigh-about 1.2 million ounces, to be precise.
The news, my darlings, has sent shivers down the spines of those who fret about insider trading. Really, it’s enough to make one clutch one’s pearls and exclaim, “Good heavens!”
Lo and behold! Garlinghouse graced us with his presence on X’s Spaces, where he regaled the audience with tales of XRP’s grandeur and reaffirmed its pivotal role in the grand scheme of Ripple’s future. He earnestly beseeched all members of the XRP army to recognize that XRP is the “North Star”-a beacon guiding Ripple’s noble mission and daily capers.
Check, with the air of a man who has seen much and yet remains unmoved, noted that capitulation-style losses have spiked to levels last witnessed at the 2022 cycle lows. If Bitcoin is not destined for oblivion-a fate as dramatic as any in a Turgenev novel-the statistical setup appears increasingly asymmetric. Now, he says, is the time for market participants to pay attention, rather than lose themselves in the trivialities of everyday life.
Behold, Bitcoin has leapt from its February abyss, a 20% rebound that tantalizes yet teases. It lingers now in a broad support range, a no-man’s-land between $55,500 and $67,000. Yet, the sages of the charts declare this but a corrective interlude, a mere prelude to the drama yet to unfold. A full bullish breakout? Not yet, they murmur, for the momentum lacks the fervor of true conviction.
Meanwhile, in a twist that could only happen in the absurd universe of crypto, daily spot netflow flipped positive by $1.95 million. Thank you, CoinGlass analytics, for this delightful interruption of several months’ worth of predominantly negative flows. Truly, it’s like watching a soap opera where the characters keep forgetting their lines.
So, Binance has decided to play gatekeeper with your RLUSD. Deposits are open, which is great if you’re the type who enjoys giving things away. Withdrawals, on the other hand, are on Binance’s timeline, which is about as predictable as a cat’s mood swings. Apparently, they need to build up a little RLUSD pool before they let you splash around in it. Makes sense, right? You wouldn’t want to be the only one at the party with a drink.
World Liberty Financial has launched World Swap, a new platform for sending money internationally using digital payments. The company, which received backing from associates of the Trump family, announced its approach to foreign exchange. Leaders highlighted that the service will offer low costs and be easy to use for people sending money across borders.