Crypto News

How the Network Would Work

Citadel Securities, those fine folks who make markets like a caffeinated auctioneer, reckon Kraken’s got what it takes to “shape the future of digital innovation.” Now, I ain’t no financial wizard, but last I checked, innovation usually don’t come from folks throwing money at things and hoping for the best. Still, Jim Esposito, Citadel’s president, swears they’ll help Kraken with “risk management” and “market structure analysis.” Sounds mighty fancy for a business built on internet money. 💸

Bitcoin-poor little crypto-has tumbled nearly 12% over the week, like a drunken fool falling off a barstool, sinking to $91,616. That’s what CoinMarketCap reports, trimming the glorious gains of 2025, as if the year itself is tired of the game. 📉

Let’s break it down:

Let’s talk about those late-to-the-party investors who bought XRP after the ETF announcement like it was a Black Friday deal. Spoiler: They’re now sitting in a tub of lukewarm regret. 🛁💸 On-chain data says 41.5% of XRP is underwater, which is less of a pool floatie and more of a sinking ship. Pro tip: Never trust someone who says “this is different” while holding a cryptocurrency. 🚢🔥

Parker White, the COO and CIO of DFDV, recently unveiled his epic vision for Solana’s future during a week where, let’s face it, everything seemed to be going up in smoke. In White’s view, the last week’s market jitters are nothing more than a footnote in the grand story of Solana’s meteoric rise. His reasoning? Digital value transfer will soon be as essential to the global economy as, well, oxygen. If you can’t get excited about that, then what can you get excited about? 🧐

BitMEX, ever the stoic, assured its users that their funds were safe, though their front-end access was as reliable as a politician’s promise. Kraken, too, chimed in, blaming Cloudflare for its web and mobile connectivity woes. Meanwhile, on-chain trading continued unabated, like a well-oiled machine oblivious to the chaos above. 🛠️

Now, according to the ever-reliable CoinGecko, XRP is currently worth $2.22-a mere 9% drop from the previous week. It seems even the mighty XRP is not immune to the turbulence of crypto’s emotional rollercoaster. But don’t worry, Portnoy is just warming up.

Solana’s performance has been about as cheerful as a rainy Monday, and now it’s dragging into another gloomy day. But here’s where things get real interesting-those big-time institutional folks who were all about Solana’s reserves seem to have had a sudden change of heart. Just when you thought things couldn’t get any worse, they go ahead and start selling off their treasure!

BTC just slipped below $90,000, a level that’s more psychological than my morning coffee habit. Now it’s clinging to $89,950 like it’s the last life raft on a sinking cruise ship. “Struggles to reclaim $90,000” sounds like a reality TV show, am I right? 🤯