Crypto News

Could it be, dear reader, that XRP stands on the precipice of a breakout so grand, so sublime, that it shall make the heavens weep with envy? 🌌✨

Apparently, this is the second-biggest inflow ever, beaten only by November 7th, 2024 – you know, the day everyone collectively decided Donald Trump being President was…a good thing for Bitcoin? 🤷‍♀️ (Don’t ask me to explain the logic. I’m trying to understand my own life, let alone crypto.)

Bitcoin kept its party going this weekend, pushing past $125,000 with barely a whisper from institutional investors. This time, it’s all about retail, baby. And then, on Monday, it casually obliterated the $126,000 mark. ETF inflows? Paused. Big players like Michael Saylor? Nope, not buying more. It’s just us regular folks with FOMO and disposable income.

As of Monday morning, the drama continues with no deal in sight between the Republican and Democratic denizens of Congress. They’re far too busy bickering to worry about trivial matters like keeping the government running. Among the casualties: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), those paragons of financial regulation, are as functional as a broken pocket watch. ⏳

Hold your horses, because word on the street-courtesy of some unnamed sources whispering in Bloomberg’s ear-says that Tether and Antalpha are aiming to raise around $200 million to launch their shiny, glittering new DAT project. Tether, the undisputed heavyweight champion of stablecoin issuance, is teaming up with Antalpha, a fintech wiz that’s known for being the big shot in supply chain financing and Bitcoin-backed loans. What could go wrong?

Sentiment cools like a summer’s eve, engagement remains steady, and the short liquidations rise-oh, how dramatically!-as cautious optimism takes its hesitant steps, and bullish positioning emerges, adorned in all its finery with a wink and a nod.

In a post on the wretched, spurious platform known as X (formerly Twitter, as if the name change could conceal the stench of vanity), Mishaboar recounts a tale of deception. A tale of high-leverage schemes woven by the scheming threads of influencers and former exchange CEOs, who, like the pied piper, lure the naive into the snake pits of reckless speculation. They present us with screenshots of victories-oh, but never the losses, never the moments when the tide turned, and their boats sank beneath the weight of their own arrogance. 🐍

With transaction volumes climbing as if chased by the very hounds of fortune, unprecedented Total Value Locked (TVL), and an ever-growing band of institutional admirers, Solana’s cryptocurrency basks in anticipation of yet another defining moment within this most curious market cycle. One cannot help but wonder if lady luck is particularly fond of this digital suitor.

Chainlink says its price feeds grab macro numbers from the BEA-the Bureau of Economic Analysis-and drop them into BNB Chain’s ecosystem. We’re talking the PCE Price Index, Real Final Sales to Private Domestic Purchasers, and GDP. Secure, unchangeable access to official statistics for developers building real-world apps. Impressive? Sure. Spooky? Also yes. 🤔

With the third quarter now fully in the books, the original bitcoin treasury outfit Strategy (MSTR) announced a $3.9 billion gain on its mammoth BTC holdings for the quarter-capital numbers, but with a heart of gold. 😄