Cryptonews

Investors are like, “Ooo, look at that dev team-they’re still adding commits during their third divorce!” It’s intoxicating. High developmental activity: the crypto equivalent of a dating profile with a gym selfie and the word “diligence” in the bio. But let’s be real-they’re probably just arguing about line breaks. Still, if you’re eyeing the privacy sector, there’s a whole bunch of little tokens doing “next big thing” vibes in a desperate attempt to out-TikTok NFTs.

Ripple’s XRP Ledger has been on a bit of a bender lately, with network activity soaring like a slightly tipsy astronaut. New data suggests that payment volumes and long-term reliability are the secret sauces behind this success. It’s like discovering your toaster can also make coffee-unexpected but delightful.

According to those tireless detectives of the blockchain-who seem to be quite bored with mere peas and bread-John’s bragging led to an unanticipated unveiling. His publicly displayed riches were but a shadow, a mere façade, covering over suspected loot exceeding ninety million dollars. A sum that would make even the most cynical bureaucrat from the U.S. government raise an eyebrow-or perhaps both.

This resistance is basically your ex who won’t stop texting but also won’t commit. It’s going to stick around for weeks, maybe even into the first quarter. You tried to flirt with it recently, but let’s be honest-you failed spectacularly. Buyers? More like bystanders. No one’s buying this hot mess.

Ah, but the bloodshed has not ceased. It merely becomes a slow, agonizing drip, drip-like the last drops of vodka in the winter’s night. After two days of frantic withdrawals, the crypto ETFs take a breath, yet the torment persists. Investors, those unfortunate wretches, continue their macabre ritual of trimming their holdings-so much so that the net flow tells the story of a narrow, but persistent, risk-off attitude. A $32.11 million outflow from Bitcoin, led by the grandiose Blacksrock’s IBIT and Fidelity’s FBTC, whispers that hope is a fading illusion. Trading activity, the frantic heartbeat of this collapse, slows to $3.35 billion, and assets dwindle, like hope in a Dostoevskian novel, down to $115.99 billion.

The BlackRock IBIT fund saw $101.62 million withdrawn, while the Fidelity FBTC fund experienced $1.95 million in redemptions.

Todd MacDonald, R3’s co-founder, said they basically speed-dated all the layer ones and layer twos. “We talked to everyone,” he told CoinDesk, probably while sipping a latte. This blockchain beauty pageant ended with Solana stealing the crown, and R3 announcing their partnership last May at the Accelerate conference. Because nothing says “commitment” like a public declaration at a blockchain event.

And hold onto your hats, because volume? That jumped 430% to $106 million. It’s like everyone suddenly remembered they have crypto wallets and forgot how to resist the urge to buy. The market cap? Also, just casually, crossed the half-billion mark. No big deal.

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Day argued that no crypto legislation is needed. For 16 years, the crypto community has tilled its own fields, unshackled by the heavy hand of Congress. The real fight, he said, is not crypto versus banks. It is large exchanges like Coinbase, those gilded colossi, lobbying for rules that strangle the little guy.