Crypto News

But let us, dear reader, rewind the clock to the week prior, when the world held its breath as Bitcoin, that tempestuous enfant terrible of the financial realm, struggled beneath the weight of $115,000. Ah, the irony! A sum that would make kings weep, yet for Bitcoin, a mere stepping stone. And step it did, leaping to $116,800, a height not seen in nigh on a month. A triumph, one might think, but in the fickle world of crypto, triumph is but a fleeting whisper.

A stormy thread on X revived the age-old quarrel over blockchain bloat. Into the fray leaps Vitalik Buterin, waving his flag with a firm “No!” to one particularly fashionable solution: state expiry.

PENGU, the token tied to these chubby, tuxedo-wearing crypto stars, just flexed a 12.8% gain in 24 hours. 💪 Trading near $0.037 with a market cap of $2.3B, it’s the prom king of Solana’s meme coin high school. 🕺 And let’s be honest, liquidity loves PENGU more than a penguin loves fish. 🐟 Whenever the meme sector sneezes, PENGU says, “Bless you, and here’s my rebound!”

Grvt, pronounced “gravity” (because why not add a touch of physics to finance? 🌌), has pulled in $19 million in Series A funding. This DEX, built on the ZKsync Validium L2, is the magician of the crypto world, using zero-knowledge proofs to keep transactions secure yet secretive. 🪄

Solana’s SOL treasury is growing, and ETF approval might be coming. Let’s just hope this isn’t the next Beanie Baby comeback story. 🐻

The Futures market is like the optimist at the party, all bullish and ready to take on the world, with long positions stacking up like a pyramid of overly enthusiastic investors. Meanwhile, the Spot market is sitting in the corner, sipping on water, just watching cautiously as if waiting for someone to prove it’s worth getting in the game.

Ah, the theater of crypto! Over 158 million Dogecoin (DOGE) have been devoured by wallets holding between 1 million and 10 million coins, as whispered by the oracle Ali Martinez. This gluttony has swollen their coffers to a staggering 11 billion DOGE. 🍽️🐳

But wait, there’s more! This isn’t just a random coin toss-this acquisition aligns perfectly with the launch of REX-Osprey’s very first Dogecoin exchange-traded fund (ETF). Because who wouldn’t want to add a bit of DOGE to their portfolio now that it’s officially ETF-approved? “Get in while it’s still cool,” seems to be the vibe here. 

Winklevoss Twins Step In

A recent survey by the estimable MEXC reveals the curious transformation of crypto’s role in our modern economy: from a whimsical gamble to a darling insurance against the corrosive powers of inflation. Forty-six percent of users now hold digital assets as their shield, having forsaken the mere 29% recorded in the first quarter. The greatest enthusiasm is to be found in East Asia (rising from 23% to an astonishing 52%) and the Middle East (27% to 45%), where inflation’s relentless flirtation with local currencies has compelled many to seek refuge amid the abstract promises of the blockchain. 🎩💸