jpyxx 
Apparently, its fleeting success stems from attempting to correct Bitcoin’s rather… pedestrian performance, especially when the masses decide they require it simultaneously. How terribly inconvenient for everyone involved.
According to whispers carried by the Economic Times, the CBDT has summoned the denizens of cryptocurrency exchanges and their ilk to answer life’s most pressing question: Who shall govern these VDAs? Shall it be SEBI, the stoic overseer of securities? Or perhaps RBI, that guardian of liquidity? Or dare they entrust the Ministry of Electronics and Information Technology, MeitY, or even the Financial Intelligence Unit? The deliberations, one suspects, are as convoluted as a Tolstoyan family tree. 🤷
Enter AMBTS B.V., the new kid on the blockchain block. This privately held entity aims to become what its creators call a “1% Bitcoin treasury company.” Translation? They want to hoard 1% of all existing Bitcoin, which would require more money than most people can fathom-about $24 billion at current prices. For context, that’s enough cash to buy several small islands, or perhaps an entire fleet of yachts shaped like unicorns. 🦄🌊
“Buy the dip!” Yet hedge funds, those charmingly predictable beasts, rewrite the script. Volatility? Gone feral. Conviction? Evaporated like morning dew on a crypto exchange. ☀️
Behold: a carnival of ledgers, where satoshis squeal like gulls snatched midflight, and the national pastime is no longer baseball-it’s auditing.
The crypto market, ever the scene of a grand spectacle, witnessed one of its customary bloodbaths over the weekend and into Monday. More than half a billion dollars of value was liquidated, a veritable feast for the bears. Indeed, more than five times as many long to short traders were liquidated, indicating that the bears were firmly in the driver’s seat. The new week has dawned with the bulls attempting to stem the tide. But the question remains: will we see another sharp plunge to the vicinity of $112,000, or is the next upward impulse about to kick in?
Ah, Litecoin. The cryptocurrency that knows how to test your patience. For the fifth consecutive time, it has bounced off its long-standing trendline support. It’s almost like the coin is saying, “I’ll let you decide if I’m done yet.” A signal, of course, that this level is more crucial than your morning coffee. Forget the weak market sentiments – this trendline seems to be sticking like glue.
So, what’s the fuss? Imagine a coin that’s as steady as Mount Fuji (or at least tries to be), pegged at 1 JPYC = 1 JPY. It’s backed by-wait for it-liquid assets! That’s fancy talk for “stuff you can turn into cash quickly,” like bank deposits and government bonds, because nothing says “trust me” like a pile of IOUs from Uncle Sam’s favorite island nation. 🇯🇵💰
As of this very moment, over 56,638 ETH in bullish long positions-valued at a staggering $236 million-are at risk of being unceremoniously liquidated on the decentralized perpetual exchange Hyperliquid, should ether decide to plummet to $4,170, as per the sage data from Hyperdash.
The company, listed on the revered stage of Nasdaq, announced on a Sunday worthy of Ivan Ilyich-an epitome of frivolous days-its intent to sculpt a “C10 (Crypto 10) Treasury” from the financial streams of the world. With a modest starting purse of $30 million, they harbor the lofty ambition that this fortune could swell to a magnitude measurable in the very billions.
