Currency Forecast

Behold, the mighty HB 4510! A proposed rewrite of the “Public Employee Retirement System Investment Act”—because what could possibly go wrong?—seeks to empower the treasurer to sprinkle digital currencies like fairy dust, provided they boast a market cap above $250 billion. A modest sum—unless you consider that last part a dare. Under this bold plan, any government crypto must wear a fancy outfit: an exchange-traded product (ETP) from a registered investment company, naturally—adding layers of oversight because transparency is just so passé without layers.

Now, if we take a gander at the long and short positions on the chart, we see that the longs (those charming green bars) account for over 70% of total positions during this little observation period. Meanwhile, the shorts (the rather drab red bars) have barely mustered any significant momentum. How quaint! 😏

But while the bulls were busy chest-bumping each other, the long-term holders began to sneak off like thieves in the night—perhaps cashing in, perhaps realizing that the music might just stop soon.

They made this grand announcement on May 22, because why not? It’s not like anyone was waiting for it or anything. This is all part of Braza’s master plan to sprinkle digital asset solutions across Latin America and beyond. Because who doesn’t want a little more crypto chaos in their lives? 😏

Meet Syed Murtuza Kablazada, 34, hailing from the charming Arlington Heights, Illinois, and his partner in crime, Syed Mehdi Hussain, 32, from the equally delightful Carol Stream. These two intrepid souls ran medical labs that, according to the latest press release, submitted claims for COVID-19 test kits that, let’s be honest, were about as real as a unicorn in a tutu. 🦄

In a recent post on X (because who needs Twitter anymore?), our favorite analyst, Ali Martinez, has pointed out a pattern that’s been doing the cha-cha in Dogecoin’s hourly price. This little gem is called a “Bull Pennant.” Sounds fancy, right? It’s basically when the price of an asset decides to play hide and seek between two converging trendlines after a dramatic move. The initial spike is the ‘pole’ (not to be confused with a pole dancer, though I wouldn’t judge), and the cozy little area is the ‘pennant.’

The PDAA will be stepping into the role of the official watchdog. This means keeping an eye on licensing, compliance, and all those newfangled developments in digital finance. Basically, they’ll be making sure crypto exchanges, digital wallets, stablecoins, decentralized finance (DeFi), and token platforms don’t turn into a circus. One framework, one rulebook—now that’s what we call a clarity buffet! 🍽️

During a recent discussion on his YouTube channel, Kevin Svenson – a well-known crypto trader – predicts that the leading cryptocurrency by market cap will keep ascending throughout this week, potentially reaching a price of $115,000 or more based on its latest surge.

Glassnode informs us that Bitcoin’s Realized Cap, a rather pompous term for the price at which each coin was last shuffled about, is now basking in the glow of a new all-time high. One can only imagine the jubilation among the holders, many of whom are now sitting pretty, counting their profits like a miser with a newfound fortune.

With this cash infusion, Worldcoin plans to set up Orb devices across the country. Yes, you heard that right—scanning your iris to get a digital ID is now a thing. The project kicked off in six US cities, including the glamorous Los Angeles and the sun-soaked Miami, on May 1, 2025, right after a little sprinkle of positive crypto regulation. How delightful! 🌞