The number of daily memecoin creations jumped to 71k, with 14 million tokens launched, while the number of created addresses surged to 48k, at press time. 71,000 memecoins launched daily? I’m not sure if that’s a record or just a really, really bad day for investors. 🚀💸
This is Ripple’s way of saying, “Hey look, we’re not trying to build another wild exchange or push any new tokens-just quietly helping the big boys stay within the lines.” That’s right, it’s the ‘boring but safe’ approach that’s trending among the cautious big shots.
Coinbase, with its legal eagles in full flight, has swooped down on regulators in Michigan, Illinois, and Connecticut. The crime? Attempting to regulate prediction markets that Coinbase insists are under federal jurisdiction. Federal, mind you! Not some local sheriff’s business. 🕵️♂️
Terraform’s obligatory court boss declared war on Jump Trading, accusing them of secretly supporting TerraUSD, pretending it was as steady as a sleepy sloth on a Sunday afternoon, while secretly raking in billions. Yes, billions with a B! 🤑 The grand plan? Make profit from the doom and gloom, and leave small investors with empty pockets and sad faces.
So, Ardoino’s saying Bitcoin is still a secret love child of the stock market – wild, right? People claim it’s uncorrelated, but he says it’s actually tied to capital markets like a jealous ex. Meanwhile, he’s fretting over AI’s seemingly endless moneyspills: data centers, power stations, the whole nine yards! Can’t someone just install a dial-up for these gadgets?
In its latest weekly manifesto, the venerable on-chain analytics firm Glassnode delves into the latest developments of the Bitcoin Total Supply in Loss, a metric that, much like a cryptic sonnet, unveils the hidden verses of market sentiment. 🧠
It appears that our intrepid administrator, with all the flair of a courtroom drama, has accused Jump Trading of raking in profits that would make a dragon jealous, all while pulling some rather dubious strings behind the scenes. The suit is seeking a staggering $4 billion in damages, because apparently, when it rains, it pours-or in this case, it lawsuits.
In a move that can only be described as both audacious and faintly absurd, Intuit (Nasdaq: INTU), the purveyor of financial tools for the marginally competent, has announced a multi-year dalliance with Circle Internet Group Inc. (NYSE: CRCL). Their mission? To embed USDC-powered stablecoin capabilities across its platforms, thereby ensuring that even the most financially illiterate among us can partake in the blockchain bonanza. 🥳📈
There was a brief upward wiggle – oh, how we clung to hope! – pushing toward $1.90, only for XRP to mimic its crypto cousins (looking at you, BTC and ETH) by saying, “No, actually, I’ve changed my mind,” and plummeting below $1.880 and then $1.850 with the grace of a soufflé in a breeze.
