Cryptonews

Grab a coffee for this outlier, Twenty One Capital, whose CEO and co-founder chooses to buck the trend against rising institutional adoption of Ethereum (ETH). 🕵️‍♂️

Back in the day, Trump signed an executive order pushing for a Bitcoin stash and a full-on digital asset reserve. But this new report from the Working Group on Digital Asset Markets? Crickets on that front. It’s like they decided to pivot hard without even a courtesy text. Rude. 📵

Apparently, folks are taking their precious Bitcoin off the exchanges as if it’s hot potatoes—except this time, it’s a good thing. The reserves have been trickling down since January, and this 2% dip probably has traders sweating, thinking about the legendary Bitcoin supply squeeze. By the way, less than 15% of all Bitcoin was chilling on exchanges since 2018—fancy that? Looks like everyone’s hoarding, waiting for the moon. 🌙✨

Picture, if you will, a baron dining lavishly and yet never touching his soup. Such is Bitcoin, as it sulks sourly between the $116K and $123K boundaries, not moving so much as a mouse daring a dance upon the czar’s boot. Buyers glance at sellers, sellers at buyers, both half-afraid, half-bored, like bureaucrats at a particularly tedious tea party.

Meanwhile, Coinbase was busy soaring past its previous high of $429 from 2021, showing off like a peacock on a sunny day. But the smart money—or maybe just the audacious—began pulling out right after the rocket ride, knocking COIN down a notch from the firm’s top spot. Sad, but hey, that’s investing, isn’t it? A rollercoaster with a splash of panic and a pinch of genius.

Have you seen those charts? They look like a Jackson Pollock painting—chaos splattered across the screen, with billion-dollar short squeezes lurking like shadows behind every pixel. Shallow stops crowned like tiny thrones, ready to crumble if the bears decide that enough is enough, and the bulls get loud. Who’s winning? Hard to say, but I’d bet on a good climax—perhaps with a spin of the wheel that sends prices soaring towards the dizzying heights of $125K—just enough to make your Grandma smile at her screen. Or not. Anyway, comedians bet on both sides—who needs a betting line when Bitcoin itself is the unpredictable punchline? 😂

Interoperability, that elusive dream of blockchain enthusiasts, is finally taking shape before our very eyes. Assets now flow across chains as smoothly as vodka flows at a Russian wedding—without the headaches typically associated with bridging or swapping into native tokens. Enso, ever the cunning architect, has bundled these labyrinthine operations into a singular interaction. What joy this brings to users! Time saved, fees slashed, and developers spared the torment of wrestling with multiple smart contracts across chains. For what mortal soul could endure such drudgery without risking madness—or worse, a typo? 😅

The SEC’s RSVP list for crypto ETFs? Still waiting. The latest in their prolonged “almost approved” saga is Trump’s shiny new Bitcoin ETF, originally slated for a quick “yay” or “nay” but now pushed back to September 18th. Because who doesn’t love a good cliffhanger? 📅

On Tuesday, July 28, the SEC announced it had finalized orders allowing authorized participants to create and redeem shares of crypto exchange-traded products (ETPs) using the underlying digital assets—Bitcoin or Ethereum—instead of cash. Because, you know, cash is so last century. 💸

In a delightful twist that could only be penned by fate, China’s mining behemoth, Bitmain, is intent on expanding its operations like a scholar on a quest for knowledge—this time with a manufacturing doozy in the good ol’ U.S. of A. Meanwhile, our friends in Vietnam are twinkling their toes into crypto regulations thanks to a promising tête-à-tête with Upbit, while the FBI is playing the role of digital Robin Hood by taking down some rather nefarious ransomware villains. Not to mention, Japan has taken a leap of faith into the digital future with those fancy NFT vending machines, marking milestones in blockchain adoption that would make even the most stoic of accountants crack a smile.