Cryptonews

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The infamous meme coin has been tumbling down the playground slide of markets, leaving investors clinging to hope and their diminishing coin piles. Thanks to an explosion of SHIB tokens darting and dancing from wallet to wallet, the selling pressure is heavier than a hippo in a hammock (and just as comfortable for nobody involved).

The stablecoin market in Latam is booming, and companies are scrambling like kids in a candy store to get a piece of the action. Aptos, the low-cost, low-latency blockchain, has decided to team up with Bitso, one of the region’s heavyweight cryptocurrency exchanges, to provide a wallet-friendly option for stablecoin transactions. Because who doesn’t love saving a few bucks, right?

Deutscher, with an admirable mix of modesty and sarcasm, admits that ETH still has “a lot of catch-up” to perform and that it remains “the far less saturated trade.” One might wonder if he’s observing the same chart everyone else is, or merely jesting to keep us all intrigued. The chart in question showcases a meteoric rise in the trading volume of Ethereum’s treasury stocks, notably BitMine Immersion Technologies (BMNR) – which, apparently, is now one of the most actively traded stocks across the pond in the US, raking in an impressive $6.4 billion daily. Meanwhile, Tom Lee’s ETH holding firm is nipping at the heels of Michael Saylor’s MSTR, with daily averages nearly fourfold. The scene resembles a frenetic game of corporate musical chairs, where ETH players are suddenly the life of the trading party. 🍸

Billions to trillions of SHIB tokens danced across the network, a ballet of numbers that made accountants weep. The ecosystem, now a beast with a heartbeat, showed no signs of collapse-just a hint of life. Whales, those digital leviathans, likely orchestrated the chaos. 🐋🌌

Overall, Sui is doing the crypto equivalent of building a five-star resort while guests complain the pool temperature is off by 0.7°. DEX volume is popping, TVL is on steroids, and institutions are lining up like it’s Black Friday-yet the price chart looks like it’s stuck in an elevator with a broken button. Sustainable growth? Totally. Sustainable investor happiness? TBD 🙃

According to the Financial Times (FT), Scott Bessent, the man with the keys to the Treasury vault, is “betting” that crypto will morph into a loyal customer for US Treasuries. You know, those boring pieces of paper that promise you’ll get your money back… eventually. Thanks to the GENIUS Act (because naming things creatively is clearly not their strong suit), stablecoins now need to be backed by actual dollars or Treasury bills. Groundbreaking stuff, right? 🙄

The new product, the Defiance Leveraged Long + Income XRP ETF, promises 150 to 200 percent exposure to XRP’s daily price moves. It’s like a rollercoaster with a “no safety belt” sign. And to top it off, it uses an options-based income strategy-because who doesn’t want to gamble with their retirement savings? 🤯

The buzz was immediate, as if summoned by some magical charm. Investors, like moths to a flame, swarmed YZY, causing its worth to soar to a staggering $3.2 billion before it decided to take a breather and settle in the neighborhood of $1.3 billion. Such fervor speaks volumes about the whimsical nature of celebrity-backed fortunes-up one moment, down the next, like a rollercoaster ride in a carnival of lunacy!

What to know: Dogecoin jumps to $0.22 after a wild surge in volume, because apparently big whales have nothing better to do with their spare millions, despite the lingering, ominous Qubic hack threat hanging around like a bad opening act. Enormous whale investors (seriously, these guys need a new hobby) loaded up on 680 million … Read more