Our dear Adam Schiff, a Senator hailing from the sun-kissed lands of California, has proclaimed his intent to delve into the murky waters of insider trading allegations that have surfaced following President Trump’s rather theatrical announcement of a pause in the reciprocal tariff policy. Ah, the drama!
In a surprisingly democratic twist, Binance let the community vote on which new tokens deserve the spotlight. Three champs emerged victorious from this crypto brawl: Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL). It’s like they’ve won the most dramatic pageant ever—complete with digital tiaras, of course.
He went on (in true party-pooper fashion) to announce (with surprising confidence) that the very thing which gave Bitcoin its birth — a global financial crisis — will also deliver its final dramatic exit. Naturally, he’s thrilled about the prospect.
Martinez, addressing his throng of 135,000 eager souls on the social media circus known as X, candidly points out the ominous “death cross” looming over our electronic currencies. This beguiling term, for those unacquainted with the cryptographic lexicon, describes the rather tragic event when the 50-day moving average deigns to dip below the 200-day average—an unmistakable sign that the market might be in a rather precarious state. Who needs horror films when you have crypto? 📉
Now, you might think that 4,000 ETH doesn’t sound like a terrible drop from 4,500 ETH, but let me tell you, dear reader, that loss of nearly $10 million is enough to make a grown man weep into his whiskey. This unfortunate soul’s plight is largely due to the value of ETH shrinking faster than a politician’s promises in an election year. 📉
Ethereum, never one to be outshone, trails not far behind in this grand folly. Around 183,468 ETH options, amounting to a mere $283.6 million, are also facing their expiration. A put-to-call ratio of 0.92 suggests a slightly more balanced, dare I say, less thrilling, outlook. The maximum pain point for these ethereal contracts is a paltry $1,700. As fate would have it, both BTC and ETH languish below these lofty heights—at $80,622 and $1,543 respectively. Such a tragedy! Or perhaps just a comedy of errors. 😂
So, it looks like Drex, Brazil’s bold attempt to launch a central bank digital currency (CBDC), is stuck in the mud. Development’s been crawling along, with fewer resources dedicated to the project and no one really knowing what happens next. But who’s to blame? Well, it’s the central bank, obviously. Their lack of enthusiasm for the second phase of the CBDC pilot has sent the whole thing into a tailspin. Nothing says ‘we’re serious’ quite like pulling the rug out from under your partners mid-project.
Yet the storm has yet to break! If XRP can muster its strength to rise above 0.00002600 BTC and seal that triumph with a flourish, the elusive upper band near 0.00003 BTC might come out of hiding, lured by the whispers of victory. 🎉
Ah, the IRS! In the twilight of the Biden administration, they unveiled a revision, a cryptic twist in the tale of tax reporting, which had been finalized in the distant December of 2024. This revision, like a plot twist in a Dostoevsky novel, sought to ensnare the elusive DeFi exchanges in its bureaucratic web.
The Unfazed Spectator in the US-China Trade War