On a rather uneventful Friday, Bitcoin decided to dip below the mystical $115,000 mark, landing at a rather unimpressive $114,250 on Coinbase. This unfortunate fall from grace coincided with Trumpâs announcement of new tariffs aimed at several unsuspecting countries, leaving investors wondering if they should invest in Bitcoin or just buy a nice, cozy blanket instead.
In a statement released Friday, the Fed said Kuglerâs resignation will take effect on Aug. 8. She didnât spill the tea on why sheâs leaving, but hey, who needs a reason when you can just say youâre going back to your academic post at Georgetown University? Her term was supposed to end in January, but clearly, she couldnât wait to get out of dodge. đââď¸đ¨
Since its debut in 2022, Indonesiaâs crypto tax revenues have been the financial equivalent of a soap opera. According to a recent report, the government raked in IDR 24.6 billion in 2022. By 2024, that number ballooned to IDR 62 billionâa jump so dramatic, it could only be described as *crypto-magic*. ⨠But, as fate (and the market) would have it, 2023 saw a nosedive to IDR 22 billion. Fast forward to 2025, and the year-to-date revenue is a mere IDR 11.5 billion. Someone call the financial therapist! đ¸
This wasn’t just luck or fairy dust. No, noâtwo main things *actually* drove this rocket: Telegramâs growth spurt and the hype for staking. Together, they sucked folks in, shrank the supply, and made everyone trust the process. Trustâimagine that in crypto! đ§
Enter JayDee, the so-called prophet of the digital age, with his charts and fancy words. He says XRPâs on the brink of a biblical crescendo, ready to explode in a glorious surge, only to crash down like a drunken lumberjack. Imagine that: a rise so high itâs almost poetic, then a nosedive thatâd make even the bravest traders grab their coffee and run.
The real drama? Transaction revenue tanked 39% to $764 million. Itâs like trying to sell ice to a polar bear, but with way more sighs and fewer penguins. Meanwhile, Coinbaseâs âinnovationsâ included a $307 million data breach bill. Because who doesnât want to pay for their own cybercrime?
In a new thread, crypto trader Ali Martinez, that paragon of wisdom, addresses his 145,400 followers on the social media platform X, warning that Bitcoin may yet fall further, its value diminishing by more than 7%, as it mirrors the tumult of the broader financial world. đ§
After a sharp expansion that was more dramatic than a soap opera cliffhanger, Ripple (XRP) has now rejected from its recent highs and is heading toward a critical support zone. The next major technical level is at $2.80, a region thatâs practically throwing a party with the 0.618 Fibonacci retracement, the value area high of a previous volume range, and high-timeframe structural support. This confluence is like a cosmic alignment for a potential reversal and higher low formation.
The Puppet Master Behind Liquidity’s Curtain
According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. One can only imagine the thrill of converting dollars into digital dust. đ§âď¸đ¸
