In Q2 2025, the three banks reported billions of dollars in losses from “net charge-offs” — loans written off after payments failed. JPMorgan Chase led with $2.4 billion, driven by bad credit card debt. Citi wiped $2.234 billion, including $1.889 billion tied to retail cards. Wells Fargo recorded $977 million in net charge-offs, fueled by $818 million in sour consumer loans.
Now, for those of us who *didn’t* buy in at the first whiff of potential, the question becomes: when do we jump in? Do we risk looking like those chaps who bought Beanie Babies just as the market corrected? A truly unsettling thought.
The creature, this Mantle, has been attempting to ascend a channel, a most unsuitable architectural endeavor for something so intrinsically unstable. Last week, it briefly escaped a prolonged period of melancholy (a “multi-month downtrend,” they call it, the journalists. Such melodrama!), flitting up from a paltry $0.72 to a fleeting high of $0.85. Naturally, it was promptly slapped back down to earth, a rather rude awakening, wouldn’t you agree?
With over 99% of participants backing this decision (presumably the other 1% were too busy Googling “What is a WLFI?”), the protocol is now preparing for listings, token unlocks, and a veritable avalanche of strategic announcements. One imagines the team behind this endeavor resembling a troupe of circus jugglers, each tossing exchange agreements and unlock schedules into the air while trying not to drop anything important. Or dignified.
Saylor, in between sips of his “Bitcoin Standard”-branded espresso 🏴☠️, casually tweeted that MicroStrategy’s stock has delivered a ludicrous 3,588% return. Meanwhile, Bitcoin’s measly 905% gain over the same period is just… adorable. 💅 Stocks, bonds, real estate? Baby numbers. MSTR is out here playing in the Wolf of Wall Street league while everyone else is stuck on Monopoly.
Block Earner has been struggling with the Australian Securities and Investments Commission (ASIC) to be able to provide loans that are backed by Bitcoin. ASIC explained that the company had to obtain a conventional financial services license. Block Earner, however, stated that the same did not apply to its crypto-backed loan.
Caldera isn’t just your run-of-the-mill application; oh no, it stands proudly as a beacon, promising the development of ETH-based layer-2 scaling solutions. Think of it as that friend who always gets you into the newest joint before you even knew it existed.
Apparently, this news broke on X (formerly Twitter, because Elon!). A publication called NewsGate reported on a Financial Times article. It seems our former president is angling to let everyone gamble—I mean, invest—their retirement funds in Bitcoin and Dogecoin. Which, fine, if you’re a venture capitalist with a yacht and a very good accountant. But for Brenda from accounting? Maybe not.
AVAX has finally broken free from its long, grinding downtrend 😌. The chart shared by TedPillows shows a clean breakout above the descending wedge that’s been capping AVAX for days. And it’s not just a weak move; the price has followed through with strong candles and solid volume, suggesting momentum has flipped decisively bullish 💪.
On the illustrious day of July 18, behold! The volume of monetary transfers from one party to another via the XRP Ledger breached the impressive $1.4 billion threshold—such a level not seen since that quaint and innocent time known as February 2025. Ah, how time flies when you’re caught in the throes of capitalistic fervor! 🤑