The sudden surge? A confluence of events so dramatic it makes a Discworld weather witch weep into her teacup. The Hedera Foundation recently announced that AUDD, a stablecoin “backed” by the Australian Dollar (whatever that means in crypto-speak), has been selected for the Reserve Bank of Australia’s “Project Acacia.” One can only assume this involves acacia trees, blockchain, and a very confused koala. 🌱
If PENGU was a character in a sitcom, it’d be the overly confident bird who just finished a 170% dietary crash diet and is now modeling a new turtle shell—err, bull flag. The coin’s price action feels like it’s limbering up to make a move, ideally higher, above the 0038–0040 zone, which, in cryptocurrency terms, is like crossing the finish line after an awkward race. Support at $0.0318–$0.034 keeps it from waddling backwards.
Enter Congressman Thomas Massie, a man with the subtlety of a sledgehammer, throwing fresh fuel onto the flames with his now infamous call to “End the Fed.” This is not merely a rekindling of a long-standing debate over the role of the central bank; no, this is a full-throated war cry.
Five times—five acts without climax! The Federal Reserve, in its wisdom (or perhaps cowardice fit for a Raskolnikov), refused to act from January through now, haunted by the voice of President Donald Trump, who, like an oversized Svidrigailov, hovers outside the meeting room shrieking: “Cut, cut!” Meanwhile, some within the Fed itself whisper their own secret dissents, their courage wilting beneath the fluorescent lights. ☕🤔
Chainlink’s structure on its price chart has turned bullish in the short term, which is about as surprising as a parrot reciting Shakespeare. The price is consolidating just above $18, with an intraday gain of 1.91% and a 1.73% weekly uptick. The $610.33 million worth of volume surge further confirms rising trader participation, which is about as thrilling as watching paint dry. 🧨
He confided this rather bold prediction to the esteemed journalists at Blockworks, proposing, with a straight face I presume, that ADA will become the very… yield-generating layer for Bitcoin’s DeFi ecosystem. A layer! Like a pastry? A coating to make the cold, unfeeling Bitcoin a little more… appetizing? 🧐
Currently, ETH pirouettes at a stratospheric $3,862, a commendable ascent from its July 1 opening blush of $2,468, as chronicled by that reliable oracle, CoinGecko. Apparently, the summer of ’23 has decided to baffle skeptics and rekindle aspirations of old Silicon Valley grandeur, or perhaps just buttering bread for crypto’s breadwinner – the investors.
To unpack the mystery — and I do mean mystery, because even the best detective shows couldn’t keep up — here’s what went down: LOKA surged invigoratingly, reaching a high of $0.82 (which is basically the crypto equivalent of climbing Mount Everest in slippers). But alas! It tumbled to $0.30 faster than a cat knocking over a glass of water. And the trading volume? Well, it skyrocketed over 10,000% to an eye-watering $32.4 million. Somebody’s been busy counting zeros! 💰
In a brand-spanking-new YouTube update, Gromen’s got his crystal ball out, and he says the US is gonna tackle its monstrous $36 trillion debt by doing what it does best: printing more money. The twist? This doesn’t make the dollar stronger—oh no, it debases the poor thing. So, forget about Treasury yields. If the government keeps going down this road, it’s all about inflating the dollar into oblivion.
On the momentous day of July 30 – a day that also marked the illustrious decennium of Ethereum – the North Carolina-based enterprise proclaimed a sweeping strategic metamorphosis, aligning its fortunes with the burgeoning trend of corporate courtship of digital assets, notably the enigmatic Ether (ETH).
