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According to Reuters, which has a habit of sticking its finger into every global pie, Governor Rhee quipped at a press conference—likely with the same enthusiasm one reserves for a visit to the dentist—that “issuing won-based stablecoin could make it easier to swap ‘em with dollar stablecoin rather than actually pushing folks to use less of the dollar one.” Well, call me a riverboat gambler, but isn’t that just solving one problem with two new ones?

House Bill 2324, aka the “Bitcoin and Digital Assets Reserve Fund” bill, has been given a new lease of life by the Senate. After a nail-biting 16-14 vote, it’s now heading back to the House of Representatives for another round of deliberation.

The soft price action is a bit like a sleepy cat, following Wednesday’s FOMC hold, where the Fed kept rates unchanged but reiterated a cautious, inflation-sensitive stance. It’s like they’re saying, “We’re watching you, so don’t get too comfy.” 😴

Short to mid-term moving averages are signaling sell, and the RSI sits at 38, indicating weak momentum but not yet oversold. The MACD and momentum indicators also reflect selling pressure. 📉

After a brief, shining moment of glory, retesting the $168 resistance, Solana has fallen back to earth, or rather, to the $140 zone, a purgatory of sorts, where it has languished for three days, a prisoner of its own making.

This little revelation was first unearthed by a keen-eyed Cardano enthusiast on June 19, who shared a screenshot that showed Cardano (ADA) strutting its stuff in the wallet interface. This follows a grand announcement from May, when Input Output, the wizards behind Cardano, and Brave Software decided to join forces and bring full Cardano support to Brave’s crypto wallet. Talk about a match made in blockchain heaven!

It all started when BCH scraped together a respectable base above $440 and said, “Why not outshine Bitcoin and Ethereum, just this once?” Before you could holler “Land sakes!”, BCH was up 8%, busting through $470 as if the sign said “Free Pie.”

“This is a very strong piece of work in so many ways,” he began, his words dripping with the honey of praise. “Probably everyone who reads this work will learn something and be stoked by the thesis. But this top-tier thought piece has one major structural flaw—a pretty deep structural flaw: it is not bullish enough.”

This zone, dear reader, represents the strongest support cluster on the cost basis heatmap, a veritable fortress of long-term positioning.

While the crypto world has seen its fair share of ups and downs, the current bearish pressure is growing with a significance that cannot be ignored. Captain Faibik, a seasoned crypto expert and investor, has sounded the alarm, predicting a breakdown below the crucial $100,000 mark. “The writing is on the wall, and it’s not in Bitcoin’s favor,” he quipped, with a hint of dark humor. 🤷‍♂️