jpyxx The big reveal hit X (yes, Twitter, we’re still doing that) on May 7. “Terminated Rushi Manche,” the post read, like a corporate breakup text. Apparently, a new leadership is sliding into the DMs and there’ll be “governance changes.” That’s code for “Things are on fire, but please keep holding our token.”
The accompanying chart, as usual, is the hero of this story. It makes it crystal clear: a $25 weekly plunge into Bitcoin’s depths led to a stunning performance, while gold and stocks just tried to keep up, but couldn’t. Bitcoin’s curve soared like a rocket, and the others just looked at it with wide eyes, wondering where they went wrong.
A $4,000 leap in twelve hours, only to trip on its own shoelaces—one does adore a little suspense. Still, up is up, and our dear Bitcoin currently sits a charming 2.3% higher, which is more than one can say for last year’s party hats. The mood is perking up, Federal Reserve interest rates be damned—who lets central banking interfere with a soiree, anyway?
“The future! The future!” cries Lee, as he waves his scepter of youthful opportunity. “A safe investment environment, so you may not eat ramen every night!” If your ears pick up whispers of lower fees and extra consumer protections—do not adjust your hearing horn, for you are not delirious (yet).
Somewhere in the sun-baked halls of Arizona’s government, where the only thing drier than the weather is the sense of fiscal responsibility, the Senate has nudged SB 1373—their second attempt at a Bitcoin reserve bill—through the labyrinthine gauntlet that is the legislative process. That’s right, dear reader: the state’s lawmakers, not content with their first … Read more
In a social media twist sure to make bankers twitch, Binance’s excitable ex-CEO Changpeng Zhao (aka CZ) spilled the beans (magic or otherwise) on X, revealing he’s whispering crypto-laced secrets straight into the ear of Kyrgyzstan’s government. His latest wisdom:
On the illustrious day of May 6th—write it down, lest you forget it!—the crypto-baron Coinbase announced x402, by which one can fling coins across the vast lands of HTTP with the speed of a scandal and the elegance of a powdered wig.
Hougan, with a gambler’s optimism (and perhaps a creditor’s desperation), insists that Bitcoin is destined for Olympus—beyond $200,000, that number so round it circles back on itself—unless, of course, our honorable statesmen behave as honorably as a cat chasing a laser pointer. “The greatest risk,” he moans, “is Congress…”—as if anyone ever doubted it. 🤷
Ethereum, like an old fighter haunted by the bell, staggered from $1,880—fell below $1,850, then $1,800. At $1,750, it found itself lying in the gutter, pondering life.
On the fifth of May, in an address to the financial world that can only be described as a warning bell, Nigel Green, the CEO of the financial advisory firm Devere Group, made a rather unsettling statement. It was as though the bells of doom were tolling in the background as he cautioned investors. He suggested that the dollar’s steady decline is not just a mere hiccup but the early stirrings of a much larger structural shift—a shift that we cannot afford to ignore. According to him, the dollar had its weakest start to a year since the troubled times of 2008, its value plummeting by more than 4% on the Dollar Index (DXY). This, he claimed, is no temporary stumble. It is a deeper, more significant trend.
