EURJPY

This little stablecoin is EVERYWHERE. It’s the base pair for over 900 crypto assets – talk about a popular girl! – and powers a whopping 35% of all trading volume. Sure, there was that whole “where’s the money, honey?” drama a while back, but Tether’s all “chill, babes, we got nearly $120 billion in U.S. Treasuries and $5.6 billion in liquidity.” 🎤 Drop.

Word on the street is that this audacious assailant began their escapade with a mere 1 ETH, snatched from Tornado Cash, akin to a magician pulling a rabbit from a hat—except the rabbit was $44.2 million, and it wasn’t coming back! The funds swiftly darted from the depths of Solana back into the comforting bosom of Ethereum, a digital chase worthy of a screenplay.

According to the discerning eyes at Lookonchain, our mysterious benefactor, known only by the cryptic moniker “0x6adb,” has opened a 10x leveraged long position on a staggering 84.08 million DOGE, a sum that would make even the most jaded financier pause and consider the state of their own portfolio. At the time of this audacious transaction, the value of this position was estimated to be around $21.24 million, a figure that one can scarcely fathom without a moment of silent reflection.

A bunch of other altcoins were riding ETH’s coattails, so BeInCrypto decided to sniff out the three hottest ones making waves in Nigeria. Investors, you better pay attention! 👀

Yet, amidst all this frenzy, a new breed of companies is emerging—those daring enough to venture beyond mere crypto exposure. They are boldly, and perhaps foolishly, aligning their interests with Ethereum’s bustling economic ecosystem. Such establishments, it seems, are seeking not only riches but also the thrill of the volatile, unpredictable rollercoaster ride that Ethereum often provides—though they prefer to call it “staking for yield” or “DeFi strategies,” which, one must admit, sounds considerably less like a gamble and more like calculated fun.

The official word from S&P Dow Jones — because they love drama — is that Block will chuck out Hess Corporation, which recently got absorbed by Chevron. Bye-bye, Hess. Hello, Bitcoin’s new best friend.

Apparently, according to the charts (which I barely understand, thanks very much), Bitcoin is still being *bullish*. They like that word. It means it’s going up. It went from “below $100,000” to nearly $123,236. Then it did this thing called a “mild consolidation phase.” I’m picturing a very polite Bitcoin taking a little nap. There’s also this “bearish engulfing candle” thing that sounds terrifying. Like Bitcoin is about to eat everyone. But don’t worry, they say it’s just “potential short-term exhaustion,” which means it’s just tired of going up. Profit-taking! Smart.

According to the wise folks over at CryptoQuant, Bitcoin miners—those enigmatic creatures who dig for digital gold—decided to get a bit greedy around the same time the price hit its peak. On July 15, when BTC strutted into the spotlight with a shiny new high, exchange inflows leaped from 19,000 BTC to a staggering 81,000 BTC—think of it as miners and whales alike rushing to unload their treasure chest before it turns into a pumpkin. Outflows, meanwhile, hit 16,000 BTC in a single day—the biggest since April—almost all heading straight for the exchange where everyone can see. Talk about a yard sale! 🎉

Amidst the jubilant cheers of the crypto community, including Ripple CEO Brad Garlinghouse, who hailed these bills as a historic victory for digital assets, Schiff stood resolute, warning that such legislation might indeed weaken the almighty U.S. dollar and bolster what he terms a “decentralized Ponzi scheme”—namely, Bitcoin.