Currency Forecast

To bolster his assertions, Mr. Zhou retweeted the astute observations of Mr. Arthur, co-founder of BitMEX, who, with great flair, expounded upon the curious dynamic of this tariff struggle. He remarked upon the inevitable attempts of China to devalue its currency, the RMB, to counteract these tariffs. The history books, as Mr. Zhou eloquently noted, suggest that whenever the RMB falters, an intriguing influx of Chinese capital promptly embraces Bitcoin with open arms. Thus, it would appear Mr. Zhou is indeed bullish; a fortuitous turn of events for our dear Bitcoin.

But, as with all things in life, the storm eventually passes. Today, the market cap has crawled back up to a staggering $2.53 trillion, a 3.08% increase in the last 24 hours. A slight recovery, but let’s not get too excited just yet. Who knows how long this will last? After all, it’s not like we haven’t seen this movie before. 🎬

OMG! Major drama alert! 🚨 Some mega whale (probably having mid-life crisis) just dumped 260k TRUMP tokens on Binance like hot potato. Made cool $2.048M USDC though – not too shabby for mental breakdown. Then, as if copying friend’s homework, another whale got FOMO and sold 309,514 tokens. Lost $14.06M! V.v. embarrassing. Will definitely need therapy after this.

The Federal Court of Australia, with a most decorative flourish, permitted the winding up of these shadowy enterprises. It seems these institutions sprang forth from questionable seeds—false information formed their roots, and now, well, their time in the sun appears quite over. The honorable deputy chair, Sarah Court, couldn’t have sounded more pleased as she announced that these “genuine services” were, in fact, more questionable than your cousin’s “Surefire Crypto Tip.” 🤭

Thorn attributed this change to recent comments from the Trump administration: “See Bessent’s comment to Tucker Carlson, drumbeat from Sacks and Hines,” as well as the looming deadline for the BTC audit: “Keep in mind Monday is the deadline from the SBR EO for government agencies to complete the audit of their Bitcoin / digital assets holdings. Not clear they will release anything publicly on this, but likely progress is being made.”

Is this a sign that the crypto sector is about to navigate some choppy waters? Or are we merely witnessing a dramatic performance in the theater of finance?

Now, Kiyosaki, he’s been sellin’ that book of his for ages, translated into every tongue you can think of. Seems like everyone’s got an opinion on money these days, especially him. He’s got more opinions than a dog has fleas. 🐕‍🦺

Meanwhile, Parker White, once the director of engineering wizardry at Kraken, has been bestowed the titles of chief investment officer and chief operating officer. The group isn’t just here for a casual stroll; they gobbled up 728,632 shares like a hungry kraken at a seafood buffet, not to mention all 10,000 Series A preferred shares. And let’s not forget Marco Santori, the former chief legal officer, who now joins the board—presumably to keep them in line and ensure they don’t accidentally sign away the moon.

Local scribes, with their quills poised, have reported that our dear CZ has donned the mantle of a strategic advisor for the illustrious Pakistan Crypto Council. One can only imagine the conversations that will unfold in the hallowed halls of power!

Ah, the Ethereum rival, Solana, has once again claimed its rightful place in the spotlight of the DeFi sector, basking in the glow of its recent triumph. With the SOL ecosystem on the rise, it cements its status as a formidable player in the ever-shifting sands of cryptocurrency. Who would have thought? 🤔