Is XLM Finally Breaking Out? You Won’t Believe What Happens Next! đ˛
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The AI gold rush has everyone from Microsoft to Meta acting like theyâve inherited a trust fund from a grumpy 19th-century tycoon. đ¸ But hereâs the twist: theyâre splashing cash on servers, GPUs, and power bills like theyâre at a tech-themed Burning Man. Greg Ip, WSJâs resident economics sage, points out that while profits are up, free cash flowâthe lifeblood of a company that doesnât want to live paycheck to paycheckâis vanishing faster than a Bitcoin wallet in a coffee shop.
Apparently, our dear US economy threw a few curveballsâa bunch of signals, FOMC meetings, and macro data, all coming in surprisingly better than expected, which in crypto land, usually means âUh-oh, maybe donât get too excited just yet.â
Last Wednesday, the not-so-mysterious working group, led by none other than President Trumpâs crew â because who said you canât have a little irony in crypto? â rolled out a report filled with shiny recommendations on how to organize the chaos: market structure, banking regulations, and how to get the US dollar to wear a crown of stablecoins and crypto taxes, because apparently thatâs whatâs trendy now.
Picture a tiny, tubby penguin perched on a frosty step marked $0.0315. The wind howls, traders tremble, then Mr. Ali Martinez waddles in wearing thermal socks, proclaiming: âThis shelf is packed with more buyers than a pudding factory at lunchtime!â
The trip lasted all of 11 minutes (yes, shorter than your average Zoom meeting). But for Sun, it was a historic flex: youngest Chinese-born astronaut, first crypto mogul on a Forbes cover to touch the stratosphere, andâif weâre being honestâthe most expensive âIâm here!â ever. đâ¨
According to AdaStat’s latest gossip â I mean data â the proposal sailed through with 74% support. That’s 200 voices shouting “Yes!” amidst only six uttering âNo,â and seven modest abstainers. Quite the democratic fete, donât you think? The funds, much like the czarâs treasury, will emanate from the decentralized depths of the on-chain coffers, pioneering a new era where even the noblest protocols get direct cash infusion. Is this the dawn of genuine governance or just finance masquerading as progress? Well, thatâs a chat for another coffee. â
Per crypto.news, Ethena (ENA) was trading at $0.61 at press time, a modest 11% gain over the past 24 hours. This latest leap extends its 30-day rally to a staggering 142%. Trading volume has swelled by 33%, propelling ENA to the top of the day’s performers and securing its place as the 41st most valuable cryptocurrency. đ
At this moment, as fate would have it, Toncoin (TON) trades at $3.56âhaving snuck down 1.3%âbut remains 3.6% higher than last week, and marks a magnificent 30% ({almost Dostoyevskyâs age at his debut trial}) leap in the last moonâs orbit. Between $3.20 and $3.70, the coinâlike a Petersburg intellectual pacing his garretâoscillates, muttering to itself about âtrue value.â
The approval authorizes a treasury withdrawal of 96,817,080 ADA for the 2025 Input Output Engineering (IOE) Core Development Proposal. This is the first time Cardanoâs community has explicitly sanctioned core engineering spend via governance, rather than relying on pre-agreed budgets or foundation allocations. A bold step, though one might question the wisdom of entrusting such a vast sum to a single company. đ§