Crypto News

BitGo’s revenue? A staggering $4.19 billion in 2024-nearly 4x the previous year. Because nothing says “financial stability” like a company that’s basically a fancy way to store your Bitcoin. 🦜

This EtherNasyonaL person – a name, frankly, that sounds made up – is looking at charts. Charts! Like anyone can predict the future from squiggly lines. But apparently, back in 2017, XRP did something similar. So, now it’s gonna do it again? It’s…logic? Or just hoping? It’s infuriating!

XRP’s ascendancy, assuming it *does* ascend, hinges on clinging to anything above $3.15. Otherwise, it’s back to the dreary business of consolidation; a fate worse than lukewarm champagne.

Because, dear reader, this is not merely a technical upgrade-it is a revolution! PYUSD, once confined, now dances across networks, bringing accessibility to the masses and developers alike. A true marvel of our age! 🎉

So, the Bank of Canada has basically looked across the border at the U.S. and said, “Hey, can we have a bit of what you’re calling the GENIUS Act? Please?” They want regulators coast-to-coast to find their own digital goldilocks zone for stablecoin regulation – not too hot, not too cold, but just right.

Rumor has it (and by rumor, we mean the official reports) that this magical scroll would tweak the Michigan Management and Budget Act, birthing a “strategic crypto reserve” under the watchful eye of the illustrious state treasurer, guardian of wallets and passwords alike.

Plot twist: Gensler clocked out of the SEC on January 20th, the very same day Trump sashayed back into office. Oh, and did Trump have a message for him? “You’re fired!” on day one, obviously. While our hero retreated to the calm shores of MIT Sloan, sipping academic tea, his crypto crackdown got the equivalent of a corporate pink slip. Bye-bye, enforcement-heavy agenda! 👋

Perhaps, though history laughs in the face of such optimism. September, that cruel month, has always been a tempest for the bullish spirits, and lurking just beneath $115k, the shadow of a liquidity trap waits patiently to pounce, dragging price down like a stubborn serf unwilling to rise.

CRG’s observation? Well, the token’s trying to break through the 200 EMA while confidently strutting above the reclaimed quarterly value area. That’s solid support, folks! The market’s not just holding its ground, it’s accumulating. Call it the calm before the storm, if you will. ⛈️

In a twist that would make even the Devil himself chuckle, PayPal USD (PYUSD), the stablecoin born of the financial behemoth, has stretched its tentacles into eight additional blockchains. This expansion, fueled by a dalliance with the Stargate Hydra bridge in LayerZero, promises to shuffle assets across chains with the grace of a drunk ballet dancer-decentralized, permissionless, and utterly bewildering. 🕷️🔗