USDTHB

Bini Smaghi—as usual gliding through the Financial Times with a fountain pen and an arched eyebrow—pointed out that Europe’s big new crypto law, MiCA, makes anyone issuing a stablecoin back them up with cold hard cash or the dullest government bonds imaginable. (Yes, that type of fun!)

The monthly XRP chart is quietly flexing its muscles, like a bodybuilder preparing for a competition. For years, $1.90 was the resistance level that refused to be conquered, but in 2024, XRP decisively broke above $2 and has since stabilized, holding steady above it like a triumphant flag planted on a mountain peak. 🏔️

The price of SHIB has taken a little tumble, down 0.8% since yesterday. I guess some of us are just not morning people. 🕒😴

The exodus harks back to the glory days of Q1 2020, when everything was being sold except perhaps one’s own grandmother. Robert Tipp, high priest of bond wisdom at PGIM, offered this ominous gospel: “It’s a volatile environment, with inflation misbehaving and the government churning out IOUs as only a government can. People are nervous at the long end of the yield curve, though they do appreciate the coffee at Fed meetings.”

The price recovery, though marked by constant dips, appears to be driven by renewed investor confidence, especially from experienced market participants. This analysis holds the details. 

The coin’s price has mostly concentrated on its downwards interpretive dance since the brief joyride sparked by post-election euphoria in November, which—surprise—turned out to be a temporary sugar rush for the whole market.

In a recent video update, the crypto trader, with a following of 170,000 YouTube subscribers, delves into the historical precedents that suggest the top crypto asset by market cap is poised for a meteoric rise. 🌠

So, latest cosmic update: Bonk, ever the enthusiastic pup, has leapt approximately 6.42% (statisticians love decimals) toward the legendary price of $0.000018. This possibly has something to do with vague mutterings about strong ETF “buzz” and feverish token burning. That last one’s not literal, in case you were hoping for a fire show.

Meanwhile, as the global stablecoin bazaar swells beyond $250 billion (the kind of sum that would keep old Karamazov up for three days straight, plotting mischief), aging financial institutions, with their creaky ledgers and porcelain teacups, feel the creeping horror of irrelevance. The times, they are a-changing—but not, regrettably, the wallpaper at the bank headquarters. 📉🏦