In a bold move that no one saw coming (except everyone who follows crypto, obviously), digital-payment firm Circle has urged the U.S. Treasury to establish clear and uniform rules for payment stablecoins under the freshly minted Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Someone’s got to steer this ship, right?
South Korean Vice Foreign Minister Kim Ji-na, in what I assume was a carefully worded statement to local media, noted the importance of “coordination” – a diplomat’s favorite word, right up there with “dialogue” and “concern.” These digital thefts, she pointed out, aren’t just about money; they’re about funding a nuclear program and generally being a nuisance to the digital ecosystem. You know, the stuff that keeps cat videos flowing. 🐱
In a conversation with Reuters, Mr. Alderoty described the idea as “attractive,” suggesting it might soothe the nerves of conventional banks who fear the encroachment of lightly-regulated non-banks. 🏦 Indeed, who would not be reassured by a “skinny” account? One imagines it to be akin to a corset-tight, restrictive, and perhaps a little uncomfortable, but undoubtedly effective in achieving its purpose.
Uranium, the radioactive heavy metal that makes nuclear reactors go “boom” (in the best possible way, of course), is now mingling in the high-flying world of decentralized finance (DeFi). With a little help from the Morpho protocol, the folks over at Oku have rolled out xU3O8-based lending. Now, hold onto your hats, dear reader, as holders of xU3O8 (a tokenized, yes, tokenized version of uranium) can use their precious radioactive tokens as collateral for good ol’ USDC loans. Oh, the joy of lending and borrowing with a touch of radioactive glamour!
Ever since the major downfall of 2022, Internet Computer has failed to attract the required liquidity. This has compelled the token to either maintain a decent descending trend or a descending consolidation. However, the current rise has been backed by a massive increase in volume, not seen since its inception. This suggests a significant rise in the interest of the market participants that may now lead to a rally beyond the double-digit figure in the coming days. 🚨 Because nothing says “excitement” like a 2022 meltdown. 🙃
This financial Hunger Games coincides with analysts screaming, “THE CYCLE’S OVER!” into a void where traders are too busy shorting volatility to listen. Meanwhile, everyone’s managing “exposure” like it’s a Zoom call they forgot to mute.
Ah, Tether. Just when you think they’re going to take a breather, they go and grab another 961 BTC from Bitfinex-all for a neat sum of about $97 million, because apparently having only billions is just too mainstream. The good folks at Tether (who are probably on a first-name basis with Bitcoin by now) are … Read more
Ah, but the debate! The gnashing of teeth! Earlier this week, some venture capitalist-no doubt sipping champagne in a penthouse-declared Ripple worthless beyond its XRP hoard. “No one uses their tech!” he scoffed, as if the ledger’s microscopic fees were proof of its irrelevance. But the masses-those ragged, devoted few-rose in protest. “Lazy!” they cried. “Fools!” For what is value but the delusion of those who believe in it? 🤡
Once more, Senator Lummis graces the headlines, her voice a clarion call in the Bloomberg interview, declaring Bitcoin the panacea for America’s fiscal woes. According to the ever-vigilant CryptosRus, she extols BTC as an asset destined for eternal growth, the key to unlocking the chains of national debt. A strategic BTC reserve, she insists, is not just a strategy-it is the strategy, the only path forward in a sea of red ink. Yet, her zeal marks her as Washington’s crypto-crusader, a figure both admired and ridiculed in equal measure.
Ethena (ENA) is chilling in the prime support spot of $0.20-0.23-like a bartender watching the crowd, knowing someone’s about to order that knockout shot. Recent analysis by Ali on X is whispering sweet nothings about a potential breakout-like a teenager eyeing the prom queen, but in crypto terms.
