Crypto News

Solana, bless its network heart, has been riding high as one of the galaxy’s darlings just behind good old Ethereum, ever since its epic escape from the relegation zone of single-digit prices. This rally, sparked from a stodgy consolidation in Q4 2024, drew admirers thicker than jam on a time-traveling toaster. Alas, that adoration has evaporated faster than an inconvenient plot twist, threatening to yank the price back to recently poked lows. Behold this chart from DefiLama, illustrating a colossal rift between Total Value Locked and Active Addresses-it’s like watching a romantic comedy where the hero and heroine can’t quite synchronize their wristwatches. Not exactly a blueprint for SOL’s healthy frolic upwards, eh? 📊😏

On October 16, CZ-former Binance CEO and current Head of YZi Labs (because one job is so last season)-reacted to Coinbase’s announcement with all the enthusiasm of a kid on Christmas morning. “Woke up to this. Thanks for the support from industry peers,” he gushed, screenshotting comments from crypto celebs like Justin Sun and Kraken. Because nothing says “I’m relevant” like a good old-fashioned humblebrag. 📸🎄

always the life of the party.)

According to the ever-watchful Etherscan, this financial fiasco occurred at the stroke of 3:12 p.m. ET, courtesy of a Paxos hot wallet linked to PayPal’s PYUSD smart contract. The silver lining? They burned the tokens faster than I burn through a bag of chips-within 30 minutes. The whole debacle cost a mere $2.66 in Ethereum gas fees. Talk about cheap thrills! 🍿

Through this alliance, OKX seeks to expand its dominion across the European Economic Area (EEA), cloaking its ventures in the safety and trust of Standard Chartered’s regulated custody services. 🛡️ For in this world, where trust is as fragile as a snowflake in spring, such safeguards are not just desirable-they are essential. Erald Ghoos, the CEO of OKX Europe, proclaims this move as a beacon of security, a regulated haven for institutions navigating Europe’s ever-shifting crypto sands. 🌪️

Tom Lee-chaired BitMine Immersion Technologies didn’t just dip a toe-they dived in headfirst, purchasing 104,336 Ether (ETH), worth a whopping $417 million on Thursday. And how did they do it? Through a little help from Kraken and BitGo, according to Lookonchain. Of course, BitMine isn’t confirming anything, but let’s be real-they’re not shy about making moves.

Senior officials within the Bank of England are now actively considering strict temporary stablecoin holding limits. This important step is to ensure that critical legacy banking liquidity is not attacked by huge liquidity flows in digital assets. Deputy Governor Sarah Breeden recently gave her stamp of approval to the central bank’s landmark regulatory proposal focused on this sector of the domestic economy. 🧠

Now, ain’t that faster than a jackrabbit on a hot griddle? Just four months after Erebor tossed its hat in the ring, Washington rolled out the GENIUS Act (because nothing says “genius” like letting bankers play with digital Monopoly money). The bank plans to operate digitally from Columbus and New York, armed with $275 million and a risk framework tighter than your grandma’s corset.

Yes, the 175-year-old bank has decided to dust off its ledgers and embrace the future, proving that even the most tradition-bound institutions can learn new tricks-especially when blockchain is involved. 🤓

The recent stumble saw Litecoin fall by a mere 2.5%-oh, the horror! The poor thing nearly brushed against $96, flirting with danger before quickly bouncing back. It’s almost as though it said, “I’m not ready to die just yet!” And rightfully so, because this minor slip indicates that short-term sellers may have lost their grip. The liquidity beneath has been tested and, lo and behold, it held! If Litecoin’s faithful followers continue to defend the sacred ground of $97 to $98, then perhaps-just perhaps-there might be another glorious attempt to break into the fabled $100-$101 zone. The market gods are watching… 👀