Now, you might think that 4,000 ETH doesn’t sound like a terrible drop from 4,500 ETH, but let me tell you, dear reader, that loss of nearly $10 million is enough to make a grown man weep into his whiskey. This unfortunate soul’s plight is largely due to the value of ETH shrinking faster than a politician’s promises in an election year. 📉
Ethereum, never one to be outshone, trails not far behind in this grand folly. Around 183,468 ETH options, amounting to a mere $283.6 million, are also facing their expiration. A put-to-call ratio of 0.92 suggests a slightly more balanced, dare I say, less thrilling, outlook. The maximum pain point for these ethereal contracts is a paltry $1,700. As fate would have it, both BTC and ETH languish below these lofty heights—at $80,622 and $1,543 respectively. Such a tragedy! Or perhaps just a comedy of errors. 😂
So, it looks like Drex, Brazil’s bold attempt to launch a central bank digital currency (CBDC), is stuck in the mud. Development’s been crawling along, with fewer resources dedicated to the project and no one really knowing what happens next. But who’s to blame? Well, it’s the central bank, obviously. Their lack of enthusiasm for the second phase of the CBDC pilot has sent the whole thing into a tailspin. Nothing says ‘we’re serious’ quite like pulling the rug out from under your partners mid-project.
Yet the storm has yet to break! If XRP can muster its strength to rise above 0.00002600 BTC and seal that triumph with a flourish, the elusive upper band near 0.00003 BTC might come out of hiding, lured by the whispers of victory. 🎉
Ah, the IRS! In the twilight of the Biden administration, they unveiled a revision, a cryptic twist in the tale of tax reporting, which had been finalized in the distant December of 2024. This revision, like a plot twist in a Dostoevsky novel, sought to ensnare the elusive DeFi exchanges in its bureaucratic web.
The Unfazed Spectator in the US-China Trade War
Leading this merry band of crypto enthusiasts is none other than State Representative Webster Barnaby, who, with the finesse of a seasoned magician, transformed the initial skepticism—born from the wild swings of market volatility and the ever-looming specter of fiscal doom—into a harmonious symphony of bipartisan support. Bravo, Mr. Barnaby! 👏
In a scene reminiscent of a somber confessional, a member of the Pi Network community, Edycabas, laments the demise of spirited activity upon the blockchain. He observes, with a cynical twist, that the Pi blockchain, so grandly heralded in days long past, now trudges along at the snail’s pace of less than one transaction per second. The grand promises of thousands of transactions per block seem but a cruel jest in the theater of modern folly.
In a move that screams “let’s take a breather,” the SEC and Ripple have agreed to put their appeals in “abeyance.” Fancy legal speak for “let’s chill for a bit while we figure this out.” 🍹 The parties even had the audacity to say this would “conserve judicial and party resources.” Translation: “We’re tired, your honor.”
Here’s the lowdown:
