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Justin Bons, founder of CyberCapital (a name that sounds like a 19th-century opera), warned that Bitcoin’s (BTC) security model might collapse within a decade. How thrilling! As mining rewards dwindle, he claims, attacks could become as profitable as a well-timed punchline. 🥁
Meanwhile, the crypto markets, that great beast of speculation and despair, have slumped into a fitful slumber. Bitcoin, the golden calf of digital gold, groans under the weight of its own hubris, trading at $95,688-a sum that once bought a loaf of bread in 2010. Ethereum, ever the pretender, clings to $3,312, a price that would surely raise an eyebrow in a tavern. One might say the markets are having a particularly uncharming tea party, with altcoins like Ripple and Solana sipping from cups of regret. The 24-hour trading volume? A paltry $119 billion-a drop in the ocean of human greed. 🐳📉
However, the picture changes when you consider the real value being transferred. With only about 562 million XRP transferred in the last 24 hours, payment volume has drastically decreased. This is a low amount compared to what the network has demonstrated during earlier stages of expansion. The primary anomaly is that divergence. It’s like watching a toddler try to juggle flaming torches-adorable, but also terrifying. 🔥
In a letter to SEC Chair Paul Atkins, three House Democrats-Maxine Waters (D-CA), Sean Casten (D-IL), and Brad Sherman (D-CA)-poked the regulator for enforcement action against Tron founder Justin Sun. Yes, apparently sunshine and subpoenas go hand in hand. 🌞🗂️
House Democrats are raising concerns about the U.S. Securities and Exchange Commission’s (SEC) decision to halt its enforcement actions. 🤯
Imagine, if you will, a high-stakes poker game where everyone’s bluffing. Sellers cling to the $97K ramparts like their lives depend on it (spoiler: they don’t), while buyers sip champagne at the $95K bar, casually soaking up supply. It’s less “Wild West” and more “West End Theatre”-all drama, no resolution. Yet.
The crowd murmurs. Some call it progress; others hear the distant tolling of a moral church bell that warns of tracing every footstep. Privacy, once a luxury, now wears the armour of default. And what is privacy if not the nerve of freedom in a world that cannot resist counting every bean in the purse?
Ah, the modern age-where fortunes vanish with the click of an app, and accusations fly faster than a startled partridge. Atomic Wallet finds itself embroiled in such a spectacle, as one Nicolas van Saberhagen (a name suspiciously grand for a Twitter handle) claimed his Monero balance evaporated like morning mist. A staggering 633 XMR-nearly half a million dollars-supposedly slipped away while he merely opened the app. How dreadfully inconvenient.
In a most enlightening discourse, Mr. Arthur Hayes, the esteemed chief investment officer at Maelstrom and co-founder of the once-revered crypto exchange Bitmex, has proffered his insights regarding the crypto markets, which he astutely connects to the trends of U.S. liquidity. On the date of January 14, he emphasized that a shift in the Federal Reserve’s policies could indeed alter the very trajectory of Bitcoin.