jpyxx While the Selic rate soars like a hawk at 15%, Brazil’s central bank clutches its monetary reins with the desperation of a horseman in a desert. Yet, the IMF, that self-appointed arbiter of global finance, declares the system “resilient.” One might laugh-if the stakes weren’t so high. Credit markets hum along, crypto surges, and the people, ever pragmatic, trade their bolsonaro for blockchain. 🤷♂️
SHIB’s price has nudged upward by a modest 2.27% since yesterday, as if whispering, “Maybe the chaos has a silver lining,” or perhaps it’s just playing hard to get.
ADA, that fickle sprite, danced at $0.37-flirting with $0.376 before coyly retreating. Two days of gains since Dec. 26! A rebound! A miracle! Or perhaps just traders waking from their eggnog comas. 🥴
On a sleepy Saturday morning (because who works in crypto), EmberCN revealed that BitMine’s not just holding ETH – they’re actually trying to make some cash from it by staking. They dropped 74,880 ETH (~$219 million) into the PoS contract – as if they can’t get enough of that digital gold. Not finished yet, oh no! They went back and doubled down with another 79,296 ETH (~$232 million). All in for a total of around 154,176 ETH (~$451 million). Just casually funding their crypto empire, no big deal. 💸
And let us not forget the precious metals, those glittering darlings of the doomsayers. Gold, the eternal hedge against humanity’s follies, soared 75%, while silver-that oft-overlooked sibling-staged a coup, becoming the third-largest global asset with a 172% surge. One might say it’s had its moment in the sun, though one suspects it will soon return to its quiet corner, nursing a hangover. 🍾✨
The Binance Coin (BNB) token, once the darling of the crypto ball, now languishes at $856-a staggering 40% plunge from its yearly peak. This tragic fall coincides with the broader crypto market’s descent into chaos and the coin’s increasingly dismal metrics. 🕳️
The government’s approach is less revolutionary and more bureaucratic-a slow waltz rather than a frenzied jig. Crypto is being molded to fit the financial architecture like a square peg in a round hole, complete with oversight, risk controls, and the stifling embrace of institutional standards. 🕰️⚖️
It seems Mr. Schiff is taking issue with the, shall we say, enthusiastic pronouncements of Mr. Michael Saylor and his cohort of Bitcoin zealots. They propose that money is energy-a rather strenuous analogy if you ask me. One expends effort (energy!), receives payment (more energy!), and so on. A positively exhausting thought.
Apparently, there are these “HODL waves.” I swear, crypto people and their terminology! It’s like, you hold the coin, you’re a “HODLer.” Very creative. Anyway, these waves show more and more people are holding onto Bitcoin for, like, a short* time. Usually, that means money’s flooding in. But not now! Now it’s “passive bag-holding.” Passive! Like they’re just…sitting there, watching their money vanish. It’s not “new blood.” It’s just…sadness. 😔
A sneaky little accounting rule has thrust the U.S. Treasury into the spotlight, and no, it’s not because they’ve finally figured out how to categorize Bitcoin. 📝 Market analysts are buzzing about how this dormant gold valuation could shake up financial conditions, though honestly, it sounds more like a plot twist in a bad heist movie.
