On a mundane Monday, the Dow Jones decided to toss up a 50-point high—like it’s showing off, “Hey, look at me! I’m up 0.11%!” The S&P 500 is doing the same thing, while the tech-savvy Nasdaq is kind of strutting its stuff with a 0.32% rise. I guess it’s all about appearances, right? 😂
SMQKE, a sage in the realm of crypto, has graciously shared a report predicting that Tether’s once iron-clad dominance in the stablecoin sector is nearing its end. The report notes that Tether will be “overtaken by regulated stablecoins like the RLUSD”—because, of course, regulations are totally in fashion right now.
Now let us marvel at their latest trick! Riding high on a 40% share price surge, they revealed their cache of 163,142 ETH—their dazzling treasure worth a cool $500 million, a magnificent leap from the mere $250 million raised in July’s private placement. Ah, the thrill of the chase! 🎩✨
The stock soared 45% during the Monday trading scramble—who knew saving a liquor company could be so lucrative?
This wild frolic arrives amidst a joyous jubilation across the lands as Bitcoin rises triumphantly, seizing new records at an astounding $123,000. 🎉
On July 14, crypto exchange OKX announced a direct integration with PayPal, allowing users across the European Economic Area to fund accounts and purchase digital assets using the payments giant’s balance, linked bank accounts, or cards. 🎉
Imagine, if you will, Cardano making its gallant foray into the critical vault of $0.78. The price has begun to incline, climbing like a virtuous hero scaling the slippery slopes of fortune. The market volume rises like a countess’s eyebrows at a scandalous proclamation! If the price can break free from its confines, we might just witness a fond reunion with the heavenly $1.00 mark! 🏰
The CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act are all on the docket, and we can expect a thrilling spectacle of debate, amendments, and (if we’re lucky) some good old-fashioned politicking 🎪.
The proposed First National Digital Currency Bank wouldn’t be your typical corner bank with a friendly teller and a lollipop jar. No, this is a high-stakes, digital-first operation focused on safeguarding USDC reserves, managing cash and short-term Treasury holdings, and offering digital asset custody services to institutional clients. Think of it as a digital fortress for the big players. 🏦
Here’s where things get exciting. The daily chart practically screams “rebound!” ETH has formed a bullish flag pattern, which is a fancy way of saying it looks like a flag of victory fluttering in the wind—if your flag was a cryptographic asset and the wind was a whole lot of buying. Not to mention, ETH has created a golden cross pattern. Yes, that means the 50-day and 200-day Exponential Moving Averages have crossed paths like old friends at a high school reunion. When this happens, it’s considered a highly bullish signal. Look out, $4,000!
