First stop: US stocks. Brandt, who has amassed an audience bigger than some small countries (792,500 followers on X, formerly known as Twitter, for the uninitiated), is calling the S&P 500 bearish after it threw a tantrum below the 5,800 mark and then, like a rejected suitor, couldn’t get back up past that level.
Here are some of the juiciest tidbits from the crypto scene this week, reported by CoinGape Media. Buckle up, folks!
Until now, Schwab offered mere glimpses of crypto through the foggy glass of ETFs, closed-end funds, and futures contracts—financial apparatuses that resemble ice skates on a molten lake. But no more! Mr. Wurster’s confident trumpet proclaims that they stand “on a great path” to launch direct spot trading within the coming solar cycle, just as regulators painstakingly draft the shape-shifting rulebooks of this brave new world. Apparently, this is less a leap of faith and more a strategic gambit to capture the gaze of investors both retail-wielding mortals and the demigods of institutions alike.
Enter Ivan Soto-Wright, MoonPay’s CEO and crypto’s version of your slightly neurotic but well-meaning uncle, waving his arms and pleading for the little guy—the state-regulated stablecoin issuers—to get a fair shot. Because, apparently, the feds want all the snacks.
Dr. Altcoin, an expert of no small repute in the cryptographic arts, has described the forthcoming Consensus 2025 as nothing short of a watershed moment for Pi Network. In a rather self-assured post on X, he emphasized that this event would offer an unparalleled array of promotional perks for Pi Network. The good doctor urged the PCT to seize the moment with all the fervour of a determined suitor.
Crypto oracle Ali Martinez (bless his Twitter feed) points out that Bitcoin’s hitting a wall at $91,275. After looking down the barrel at a $75K slump in early April and pulling off a 17.33% mic drop, our dear BTC is now basically pacing nervously, neither retreating nor advancing. The market’s version of indecisive Tinder swiping.
Word on the street is Bitcoin might be gearing up for another big bull run. Why? Because Schwab, Mr. $10 trillion AUM, is getting ready to launch direct spot crypto trading. Like jumping into a pool, but the water is… digital.
In a stunning display of “catching up with the Joneses,” Slovenia wants its tax rules to sing in harmony with worldwide financial standards. Right now, crypto capital gains are like that free dessert nobody claims — completely untouched by tax. This loophole? Basically a VIP club for crypto rebels sidestepping the government’s hand in their wallets. The grand plan: slap a neat 25% tag on your crypto gains when you turn them back into real-world cash, snag purchases, or hand off digital goodies to another human. Wallet-to-wallet moves on your own accounts? Nope! Those stay tax-free because even martians get that’s too much paperwork.
And it’s not just on-chain shenanigans that are spiraling into oblivion. Oh no, XRP’s derivatives are joining the party too, with futures contracts showing a drop of nearly 70%. It’s like watching your favorite band lose fans and then cancel their tour. Traders, it seems, are starting to lose their ‘bullish conviction.’ They’re so negative, even their tweets have a pessimistic undertone. 🐂⬇️
Now, the technicals are flashing some rather hopeful signs for those with ADA in their crypto portfolios. The golden cross metric, an indicator so optimistic it could be in a rom-com, has made an appearance. However, the million-dollar question remains: will ADA break free from its current humdrum consolidation phase, or will it sit on its laurels for a bit longer?
