Meanwhile, the hefty inflow of institutional investments has bolstered the egos of Solana’s custodians as well as greenhorn SOL-based projects alike. Among these, the Snorter Token ($SNORT) presale is now all the rage, seizing its moment in the Solana sun with alacrity.
Though the clock still ticks with the rhythm of uncertainty, tokenized securities may yet bridge the chasm between traditional finance and the blockchain, a union as tumultuous as a love affair between a nobleman and a peasant. 🤝
Thumzup Media Corporation (Nasdaq: TZUP), which sounds suspiciously like a sound effect, has announced this frankly baffling investment in DogeHash Technologies. Apparently, the goal is to grow Dogecoin mining with “high-tech ASIC technology” – which is to say, little boxes that solve puzzles to create digital money. 🤷 The addition is, we are told, a sign of “increasing institutional interest.” Which roughly translates to “people with more money than sense are getting involved.”
In a missive dispatched via the enigmatic platform X, Schwartz revealed his plan to retire from the daily grind of CTO-dom, though he insists on lingering like a delightful ghost in Ripple’s halls. A new role, he says, awaits-one that presumably involves fewer meetings and more musing. 🧐
Under the impressive aegis of Stripe’s Bridge – an infrastructure company acquired for a grand sum of $1.1 billion – businesses can, with the lightness of a summer’s breeze, mint and manage coins at will, bending the almighty dollar to their whims with reserves customized to their heartbeat. Oh, and that’s under the sage stewardship of Wall Street’s heavyweights: BlackRock, Fidelity, and Superstate, revered keepers of the treasury. 🤑
Zach Rector, the crypto oracle of the moment, is building his case on Bitcoin’s coattails. Apparently, Bitcoin’s spot ETFs have raked in $57 billion since 2024, which is roughly the GDP of a small country. XRP fans are now clutching their pearls, insisting that spot XRP ETFs will do the same. Because, you know, if Bitcoin did it, XRP can too. Right? 🤔
Ah, if Bitcoin flips the magical $112k into a sturdy higher-low base and manages to hold above $108k, it would give our gallant bulls the footing they need to muster some momentum. Now, who wouldn’t want to see that? 🎉
Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits. 🧙♀️
Key takeaways:
