Turns out, this feud revolves around the GENIUS Act, a law that says stablecoin issuers can’t hand out interest. But here’s the twist: it doesn’t say anything about crypto exchanges doing it. It’s like writing a rulebook that bans pineapple on pizza but forgets to mention anchovies. 🍕❓
Announced Nov. 12 by founder Lyron Co Ting Keh (a name that sounds like it belongs in a spy movie), this funding round-joined by Polychain, dao5, Amber Group, TrueBridge Capital, and LayerZero Labs-brings Seismic’s total to $17 million. For context, that’s about what you’d pay for a private jet if you asked Elon. ✈️
BeLaunch, in a display of analytical rigour that one assumes involved much chart-staring and pronouncements of “interesting patterns,” has devised two scenarios. Naturally, one is far more palatable than the other. The favoured option, enjoying a frankly generous 8/10 probability, hinges upon SUI conquering a rather obstinate red dashed line. Apparently, “Wave (2)” has completed its cycle, which is, one gathers, a very good thing. Wave (3) is impending, and will presumably involve a great deal of hooting and cheering amongst the cognoscenti. 🚀
In a dramatic X post (formerly Twitter, darling), Filiz (@kurcenli34) declares that FLOKI/USDT is “trapped” in a descending channel-crypto’s answer to a tragic love affair. Price hovers near $0.00006221, a level so specific it could be a bank account PIN. Historically, this zone has sparked brief rebounds, though one suspects buyers are less “accumulating” and more “praying.”
In a move that could only be described as bold (or desperate, depending on your perspective), Mastercard’s money-movement division has partnered with Thunes. The duo promises to deliver payouts to stablecoin wallets across a mind-boggling 200+ markets. Not bad, eh? Soon, your wallet could be richer than your bank account. How’s that for a plot twist? 😏
The HBAR/USD hourly chart, my dear, is serving us a chilled cocktail of moderation. Currently sipping at $0.17493, it’s all rather blasé after that brief flirtation with $0.20. Analysts, those clever darlings, whisper of profit-taking and exhausted bulls. How tragic! 🐂💨
Solana (SOL), that old barn cat of the crypto barnyard, has shaken off its winter nap and stretched its claws. It’s prowling again, eyes fixed on the horizon where $185-190 looms like a fence post in a storm.
A controversial soft fork proposal aimed at curbing excessive data storage on the Bitcoin blockchain is causing quite a stir. On Wednesday, Mononaut, an independent analyst and Mempool.space developer, decided to go public with his concerns. His warning: the new rules could throw a wrench in Bitcoin’s gears and disrupt a variety of transaction types.
Bitcoin and the rest of the crypto market continued the trend of not just losing ground, but notably sliding the most during U.S. market hours. 💸 (It’s like watching a toddler try to balance a pyramid of Jell-O.)
One cannot help but smirk at the irony: a firm born of the crypto wilds now seeks the embrace of regulatory approval. The filing, a mere formality, hints at grander ambitions. Yet, the details-how many shares, at what price?-remain as elusive as a nobleman’s honesty. Morgan Stanley, BofA Securities, Jefferies, and Cantor shall lead this financial ballet, while Wells Fargo and others play the role of eager courtiers. Ah, the theater of it all!
