Underneath the surface, the HKMA harbors a noble desire to ensure that only those with impeccable reputations are graced with the honor of issuing stablecoins. One might wonder if this is merely a glorified gatekeeping exercise, as firms must not gallantly dash towards applications on their own. Nay, it is the HKMA that will initiate contact, as if calling forth the privileged few to partake in this enigmatic ritual. 🤷♂️
Ethereum (ETH) has pumped up a whopping 51% gain in July 2025, with the price hovering around $3,768.63 at the time of writing. This marks a seven-month high and puts ETH within striking distance of the psychological $4,000 resistance level. Hold on to your hat! 🎩
But let us not forget, this is a mere sprinkle compared to last week’s deluge of $1.57 billion, led by the unstoppable Official Trump (TRUMP) and the ever-so-graceful Solana (SOL). 🎈
While Bitcoin has demonstrated a powerful rally, a worrying trend has been observed among whales or large holders. Darkfost, a market expert and verified author, shared a report on X that revealed that BTC whales are on the move once again, with a sharp uptick in large-scale inflows to crypto exchanges. It’s like watching a bunch of squirrels hoard acorns… but with more emojis. 🐿️💸
The breakout, a veritable tempest of bullish fervor, has propelled HBAR’s value skyward, sustained by a crescendo of volume and relentless accumulation. This shift in structure now places the $0.38 level within reach, as momentum continues to build across key timeframes. 🌪️
Here’s the kicker: they’re not just sitting on their ETH like a dragon hoarding gold. Nope, they’re going to sell it, stake it, restake it, and dive into DeFi. Why? To make more ETH, of course! Because who needs a simple business model when you can turn finance into a circus? 🎪 Their treasury will supposedly grow, and they’ll “sponsor the Ethereum network.” Generous of them, really. 🙄
It’s been a FULL WEEK since Bitcoin hit its shiny new all-time high, and yet here we are, still stuck in what feels like an endless game of financial limbo. At $119,462 (just 2.12% off the highs), BTC is chilling in consolidation mode, which is basically code for “I have no idea what I’m doing.”
Solana, with its charming volatility, has reclaimed the throne at the $190 mark, a feat that has set the market abuzz with whispers of even greater heights. Imagine, if you will, a market capitalization of $99.82 billion and a 24-hour trading volume of $15.12 billion, all achieved in a mere blink of an eye! 🌟
According to the ever-watchful eyes of Lookonchain, this wallet scooped up a cozy 5,000 BTC back in 2012—when Bitcoin was basically a weird underground meme—and paid just $1.66 million. Flash-forward to today’s fabulous prices near $118,248, and that tiny investment has exploded into approximately $578 million. Yep, that’s a profit big enough to buy a small island, or at least a fancy coffee mug.
Ethereum, that capricious deity of the blockchain, inches ever closer to becoming the crown jewel of crypto treasuries. On that fateful Monday, July 21, BTCS, a publicly traded entity entangled in this modern madness, proclaimed a grand expansion. Now it clutches 55,788 Ethereum in its greedy fists—a 516% surge since the year’s bleak beginning. Combined with cash and other fleeting assets, this bounty totals $242.2 million. Oh, the irony of such numbers, whispering promises of eternity in a world of volatility! 💸