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This is PayPal’s boldest move yet, akin to a jester juggling fire while reciting Shakespeare. Merchants, now connected to 650M crypto users, will marvel at the “mainstream” magic. But let us not forget: crypto was never *not* mainstream. It was just waiting for PayPal to give it a shiny new coat of paint. 🎨
If your ambitions are to amass HYPE—perhaps to dazzle your friends or just to have a shiny token in hand—Transak’s gracious inclusion offers a route as swift and smooth as a Wildean wit at a soirée. Consider this your epistolary guide to acquiring HYPE, and whether you wish to wield it on Hyperliquid or simply keep it snug in your wallet while the market flutters wildly—ah, the exquisite dance of speculation!
According to Rekt—who sounds like he may also run a side business selling potions—Bitcoin needed to soar past $119,200 for a weekly candle close. Spoiler alert: it hit around $119,400. So, grab your popcorn, folks! 🍿
Ah, but fear not! For Bitcoin still reigns supreme as the belle of the Wall Street ball, captivating eyes and hearts while poor altcoins, like Ethereum and Solana, flutter about like moths to a flame—momentarily spiking, yet ultimately returning to their humble cocoons of lost dreams. Oh, the tragedy of highs unbroken! 🦋
Of course, PYUSD (PayPal’s very own stablecoin) is basking in the limelight like it just won an Oscar. But let’s not forget the ripple effect across altcoins because, darling, this could get *messy*.
And just like that, Monero’s once-predictable mining ecosystem was shaken to its core. In mere weeks, Qubic surged from a mere 2% of the network’s hash rate to over 27%. For a brief moment, it was the king of the pool—before, of course, the angry community made its displeasure known. Yet Ivancheglo, the mastermind behind this, is undeterred. His latest plan? To cross the 51% hash power threshold between August 2 and 31. He insists it’s a “demonstration,” not an attack. Because, clearly, a “demonstration” on Monero’s network won’t cause chaos at all. 👀
This little dip might just be our friend signaling the end of a wild rollercoaster ride over the past month, where it’s been all rockets and rainbows. Despite the 3% retreat, Ethereum remains spry and peppy! 📈 However, trading volume has taken a bit of a siesta, down 12.2% to $26.1 billion. Ah, the drama of it all!
OKX, global cryptocurrency exchange and, apparently, overachiever, has just dropped regulated crypto derivatives for retail investors in the United Arab Emirates. Not to get dramatic, but this makes OKX basically the Beyoncé of regional exchanges (move over, others). The menu? Futures contracts, perpetual contracts, plus up to 5x leverage options contracts for all the adrenaline junkies out there. Supervised by the always-chill Dubai Virtual Assets Regulatory Authority (VARA)—because if you wanted chaos, you’d try to reorganize your closet instead.
Apparently, this could lead to higher borrowing costs for European nations, make the ECB feel like a sidekick, and increase Europe’s dependence on the US. It’s like we’re back in high school, and the US is the popular kid with all the cool stablecoins, while Europe is stuck trying to figure out how to use a floppy disk! 💾
Our dear Bitcoin, with its fantastical decentralized governance and proof-of-work spells, is like a sturdy dragon guarding the treasure – no pesky knights can slay it anytime soon! 🐉💰 Bill waved his wand and declared that, while Ethereum and Solana pranced around with their shiny upgrades and regulatory magic, they paled in comparison to Bitcoin’s rarity. It’s as scarce as a unicorn at a tea party! 🦄🍵