U.Today reports that Strategy recently bought $2.54 billion worth of Bitcoin, specifically 34,164 BTC. This brings their total Bitcoin holdings up to 815,061 BTC, making it the third-largest Bitcoin purchase ever recorded.
According to data from DefiLlama, Ethereum—the leading blockchain in decentralized finance, controlling 53.91% of total value locked (TVL)—has seen a 17.91% decrease in locked value over the last month. Currently, Ethereum holds $46.17 billion, a drop from more than $56 billion before the recent series of hacks.
Brent crude oil prices are currently reflecting a very pessimistic outlook. Concerns include the potential for a major shipping lane to be closed for almost 50 days, a ceasefire agreement ending on Wednesday, uncertainty about talks with Iran, and Iran’s promise of retaliation after the US seized one of its ships. With West Texas Intermediate (WTI) crude at $88.54 a barrel, the global energy market appears to be factoring in a significant supply disruption of 10 to 11 million barrels per day.
Enter Cardano Yoda, a sage with a lawnmower of a beard and a clipboard. He insists the network is “
god‑obsessingly decentralized” but operates as if it’s a vast sticky note where everyone writes their own doodle and none of them can agree which doodle comes first. While the founding trio – IOG, Cardano Foundation, EMURGO – were once the big potatoes at the table, the on‑chain governance has split them into two squabbles: the DReps, who spins the coin purse, and the Pentad, who pretends to tweet the outcome.
But let us not be fooled by this fleeting moment of triumph. The backdrop, my dear reader, is as turbulent as a Moscow winter. DeFi exploits? Oh, they abound like mushrooms after a rain, with AAVE, RAVE, and their ilk providing a cacophony of disruptions. Yet, Bitcoin, ever the stoic, marches onward, climbing from the depths of $65,000 to flirt with the $75,000-$78,000 range. Is this strength? Or merely the crypto equivalent of a cat stretching before its next nap?
The world, it seems, has grown weary of merely trading this token for its stable value. How banal! Instead, it has been conscripted into the service of lending, rewards, and even the prosaic task of paying salaries. Truly, a stablecoin of many talents, though one wonders if it might next take up watercolor painting or perhaps the violin.
“There’s naught,” Hoskinson drones with a grin, “in the Ripple network that crumbs the appetite for XRP,” he declares, sounding less a critic and more a baker who’d rather see his cake go unsold.
Kelp DAO disputes LayerZero’s account of a $290 million bridge hack, claiming the vulnerability – which allowed an attacker to steal 116,500 rsETH – wasn’t due to risky settings, but rather how LayerZero originally instructed users to set up the system.
In a manner both precise and piercing, the chronicler ZachXBT casts a skeptical eye on the diligence with which exchanges scrutinize projects governed by a few hands.
