The bill’s full name drips with bureaucratic irony: “Guiding and Establishing National Innovation for US Stablecoins Act.” So, very “innovative,” they say, for the men in the shiny shoes to finally draw rules around digital dollars like USDT and USDC. Rules, after all, are the chains forged by the ambitious for the benefit of the uncertain.
Here’s where it gets spicy: these bonds (out of Telegram’s, cough, tiny $2.4 billion smorgasbord of outstanding IOUs) will suddenly become accessible to accredited investors. We’re talking yield products you can show off at parties, or—much less glamorously—use as collateral for on-chain borrowing. Nothing says “party animal” quite like using your Telegram bond tokens as loan security, honestly.
NEW: In a letter to shareholders, CEO of Trump Media @DevinNunes announced the platform is mulling launching a utility token for subscription payments and possible other future uses within the ‘Truth ecosphere.’
Let’s not forget – it’s up more than 50% from those dreadful lows in April. Quite the comeback, no? This suggests that beneath the surface, a certain bullish momentum is quietly simmering, like the tea that’s been left on the stove for too long. The market’s getting hot, and everyone’s eyeing a breakout. Fingers crossed!
Alphractal is stalking these whales with its “Whale Position Sentiment” tool. Basically, imagine a bunch of bots lurking every time some crypto-bro makes a trade over $1 million—then adding it to a mood board to figure out if the rich folks are feeling bullish or about to hit the group chat with “selling everything, guys!”
Picture it – the past two years’ steady growth, like the reliable seasonal greening of poplar trees, suddenly brought short. Should this contraction arrive, the word recession, that dreary cousin no one wants at dinner, may soon be scribbling RSVP cards to the nation.
In case you missed it, Truth Social was born to be the hero of “uncensored” conversations. According to the latest shareholder letter, they’re committed to giving you a platform where the truth (or whatever version of it) is safe from the big bad world of censorship. And to sweeten the deal, they’ve thrown in a shiny new thing: Truth+. Yep, that’s their streaming service, for “home-safe” programs. You know, for those who need a place to watch content without… well, the horrors of Netflix. 😅
Now, why should we care? According to the report, the more crypto snuggles up with mainstream finance, the greater the chance for market chaos. It’s like letting the party animal into the family reunion—things could get ugly. And all this drama is happening right after the U.S. started flexing its regulatory muscles under President Trump. Who knew? Stablecoins are suddenly in the spotlight, and there are new rules about to hit the scene. Talk about a digital currency soap opera. 🍿
Senate Majority Leader John Thune, who clearly has a calendar in his office, intends to hold the vote before May 26. Now, we don’t know if he’s marking that day with a red pen, but let’s hope it’s more than just a symbolic gesture. A vote this big deserves some drama, don’t you think?
While on-chain activity is doing an Olympic-level sprint, momentum indicators (looking at you, RSI and EMA) are throwing shade and whispering, “Let’s not get carried away, darling.” SOL now lounges precariously close to a support level of $145.59, unsure if it’s about to collapse in dramatic style™️ or bounce back like the plucky hero it fancies itself to be.