jpyxx While we’ve been celebrating decentralized finance (DeFi), headlines about DeFi attacks, scams and data leaks have been piling up. People worry about losing their crypto to hackers, but what about everything else we’ve already given away for free?
The memecoin sector skyrocketed to a staggering $72 billion in July, a 29% increase from its $55 billion market cap on June 30. The rally was fueled by a combination of memecoin presale hype, community momentum, and a new memecoin launchpad gaining traction on Solana. 🚀🚀
Bitcoin, that great equalizer of the modern world, is now a geopolitical force to be reckoned with, as nation-states are uniting to share their experiences in adopting this digital marvel. The Islamic Republic of Pakistan has taken the first steps to establish diplomatic ties with the Republic of El Salvador, with bitcoin serving as the common thread that weaves their destinies together.
On the 17th of July, BlackRock, the financial behemoth, filed with the U.S. Securities and Exchange Commission (SEC) to give its iShares Ethereum Trust [ETHA] a shiny new feature: staking. 🎉
In a prospectus supplement filed with the US Securities and Exchange Commission on Thursday, Sharplink said it has increased the amount of common stock it can sell by an extra $5 billion, up from a billion under its initial May 30 filing.
The initiative, submitted on July 11, aims to optimize the country’s energy grid while exploring new avenues for economic development through the crypto asset ecosystem. 💸
Grab a green tea and watch this space. Trump administration officials hold more than $193 million in crypto stakes. House crypto bills drive record stock highs. Korea’s Upbit faces a potential $137 billion penalty for 9.57 million violations.
Apparently, the large-cap altcoin, with a fully diluted valuation of about $345 billion (yes, billion!), recorded a 105 percent surge in its daily average traded volume to hover about $17.3 billion. That’s a lot of zeros, folks! 💸
According to insiders familiar with the plan, this shift aims to enable American workers to invest their retirement savings in a broader spectrum of opportunities, including digital assets, metals, and funds that focus on private loans and corporate takeovers. This executive order marks a significant acceleration in Trump’s efforts to mainstream cryptocurrency investments.
But don’t fret, my dears! The US is pushing for balanced crypto regulation in 2025, so there’s still hope for a taste of the fun. 🎉
