Crypto markets stayed unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October. Because who doesn’t love a good rollercoaster? 🎢
Lummis, with the gravitas of a prophet, declared at a Washington gathering that the taxation of Krypto must be “modernized.” Her July proposal-granting tax-free status to transactions under $300-sounds like a peasant’s dream. But let us not mistake this for generosity. It is a calculated stroke to appease the masses, easing their burdens just enough to keep them from rioting. Even the act of lending digital assets, she insists, should be free from the IRS’s eagle eye. One might call it “freedom.” Others, a loophole wrapped in a bow.
The breach has, as might be expected, left a great many of BNB’s most loyal users in a state of considerable unease. Indeed, they have been most ardently advised to exercise extreme caution, lest they fall prey to the various scams and phishing attempts that have sprung forth from this most unfortunate event, like weeds after a summer rain. Though the precise details of this dastardly act remain cloaked in secrecy-much like the best of mysteries-Mr. Zhao’s swift and resolute confirmation of the breach has served, one hopes, to quell the rising tide of confusion.
With the Fear & Greed Index at a bland 49 and sentiment swinging like a pendulum, ETH trades sideways, a mirror of indecision. 🧐 A true farce of the market’s whims!
Now, this Przemysław Kral, he’s the head man at Zondacrypto, and he’s joinin’ a whole heap o’ folks grievin’ over how Poland’s interpretted that European Union Markets in Crypto-Assets regulation (MiCA). Calls it “a prime example of overregulation.” Seems they got a hankerin’ for controllin’ things a little too much. 🙄
Let us journey back in time, straight to December 2010, when Satoshi Nakamoto, with the enigmatic air of an old sage, bestowed upon the world Bitcoin version 0.3.18. This release, as subtle as a whisper in the night, introduced an “IsStandard()” relay and mining policy, which decided to “only include known transaction types”-a move, defensive or otherwise, that aimed to curtain the sinuous, exotic scripts that threatened to ensnare the network. Satoshi, the master of brevity, succinctly summarized, “IsStandard() check to only include known transaction types in blocks.”
Word on the street is, our ever-watchful SEC is warming up to the idea of having stocks swagger onto crypto exchanges. According to the local grapevine-aka The Information-there’s a proposal floating around that would permit public equities to don a new mask: tokenized stock, trading directly on platforms so no-nonsense crypto connoisseurs would nod appreciatively at.
For the past seven days, XRP has been dancing around the $2.80 level, sorely testing both the lofty heights of $2.88 and the unfortunate depths of $2.71. Alas, neither test has yielded the great breakthrough we were all secretly rooting for. Imagine a soap opera where the hero keeps proposing, but the heroine simply rolls her eyes!