jpyxx 
Meanwhile, the BNB Smart Chain is just over there flexing like it’s Mr. Universe or something. It’s the fastest-growing chain in the last 30 days, handling over 405 million transactions. That’s a 243% increase! How do you even get that many transactions? Did they all just order takeout or something? 🍔
Major retailers and fintech firms are dipping their toes in the water. The next few months will tell us if programmable money is going to be the next big thing or just another tech fad. 🤞
While Sui, currently trading at $3.01 with a $10.25 billion market cap, has seen a modest 1.16% daily decline, it’s clear that the winds of change are blowing. Despite its robust fundamentals, including $1.22 billion in total value locked and a bustling DEX, Sui’s high fees and slower finality are no match for Kaanch’s offerings. With a mind-boggling 1.4 million transactions per second (TPS) and a lightning-fast 0.8-second finality, Kaanch Network is the darling of developers seeking both affordability and performance. This shift in allegiance underscores Kaanch’s superiority as the go-to Layer 1 for cost-conscious projects, poised to outshine Sui in the race for developer adoption.
Currently trading at $40.4, just a smidge below its all-time high of $43.96, Hyperliquid’s market capitalization has skyrocketed to a whopping $13 billion. Its fully diluted valuation? A cool $40.75 billion. 💰
And just when you thought it was safe to go back into the crypto waters, Bitcoin decides to play it cool, consolidating between $105,000 and $106,000. After all, it’s not like it crashed to below $103,000 on Friday or anything. 🙄
65-year-old Hiep Nguyen of Houston, Texas, thought he was doing the right thing by answering that call. Little did he know, it was the beginning of the end. The end of his retirement, his savings, and his peace of mind.
The hourly chart for bitcoin reveals a minor downtrend, punctuated by feeble attempts to consolidate near short-term support at $104,500. Price action resembles an inverted cup pattern, typically signaling a bearish continuation; however, selling momentum has eased. While the 1-hour chart shows no confirmed bullish reversal, an entry above $105,800 could trigger a brief scalping opportunity with targets between $106,200 and $106,500. A break below $104,400 would negate any upside bias. This chart illustrates a market in search of direction, underpinned by low conviction moves.
In a recent missive from his digital pulpit on X, Brandt shared a weekly Bitcoin chart that reveals a pattern of sideways consolidation, much like a snake coiling before the strike. This pattern, dear readers, is eerily reminiscent of the calm before the storm that saw Bitcoin lose over half its value in late 2021. If you look closely at the yellow zones on the chart, you can almost hear the echoes of the past, a bearish setup that could spell doom for the unwary. 🐻
Latin America, once again, is at the forefront of crypto adoption. According to a recent report by Chainalysis, a cryptocurrency and blockchain intelligence firm, and AUSTRAC, the Australian Transaction Reports and Analysis Centre, the use of cryptocurrency to send remittances to Latam has grown close to 40%.
Apparently, businesses are all over this like a rash. 81% of crypto-aware small and medium businesses (SMBs) are itching to get their hands on stablecoins. Can you blame them? It’s like having a superpower in the finance world. 🦸♂️
