Currency Forecast

“Lightning is a failure. Very few people are using it, and it kept BTC locked on a bad sidetrack,” Garzik pronounced, inadvertently launching a thousand spatulas across Twitter. The network, in his eyes, was more marketing department smoke and mirrors than actual meat and potatoes. “Look at the outcome,” he challenged. “Seven years in, and we have maybe 5,000 BTC zipping around. Meanwhile, Wrapped Bitcoin is over there on Ethereum, feeling smug with 25 times as much. The capital’s already picked its horse—it’s just not Lightning.”

On a fateful Friday, July 4, Rostec announced its plans to launch a stablecoin, RUBx, backed 1:1 with the Russian ruble. Because what’s more stable than the ruble, am I right? 😂 The RUBx will operate on the TRON network, because even the Soviets loved a good sci-fi novel.

With this meal, Ondo will gain three gifts from the somber hands at the SEC—a broker-dealer, an ATS, and a transfer agent badge, all the stuff that makes Wall Street men tremble at night and blockchain visionaries sigh with longing.

In the latest episode of Byte-Sized Insight, CryptoMoon head of podcasts Savannah Fortis is joined by Mark Jennings, head of Europe at Gemini, to break down how the US, EU and UK are approaching crypto regulation and what it means for innovation, adoption and investment across the West.

But as with any magical prophecy, there’s a catch. And, as usual, the catch is so slippery that trying to pin CZ down on timing is like trying to schedule a dinner with Bigfoot. He responded to some X post where someone invoked his million-dollar Bitcoin vision—probably while sipping overpriced coffee, thinking, “Maybe I’ll finally buy a Lambo this cycle.” CZ’s reply: an invitation to “define this cycle,” followed by the emoji equivalent of a polite giggle. 😁 Not suspicious at all, coming from someone in crypto.

The rebound happened after bouncing off the $98,300 level, which is kind of like the secret sauce of the Bitcoin market. Historically, this level is like a magic threshold, the sort of thing that decides whether we’re partying with bulls or crying into our bear-market mugs. Glassnode, those clever analysts, call this the cost basis for short-term holders—basically, the point where you go “Uh-oh” or “Woo-hoo!” depending on your position. This surge has given new investors a big ol’ confidence boost, making them feel like they’re in the driver’s seat of a Lamborghini. 🏎️💨

At press time, ADA was trading near $0.61, and bulls aim to push it toward the $0.67 resistance, a level that coincides with the upper boundary of a descending channel. A noble quest, indeed, but one fraught with peril. 🛡️

Cybersecurity gurus at SlowMist have issued a warning after a user thought they were downloading a legitimate Solana trading bot. Spoiler: it wasn’t. Instead of helping with token trades, it helped itself to their wallet. Smooth, right? 😏

According to the data wizards at SoSoValue, the inflows started rolling in on July 2 with a cool $407.78 million, followed by an even more impressive $601.94 million on July 3. That’s the highest single-day inflow since May 23, just in case you were keeping track. 📊

This new prediction is a far cry from the optimistic forecasts from some institutions, which anticipated a market capitalization that could reach a whopping $2.5 trillion 🤯.