In his latest note, Bitwise Chief Investment Officer Matt Hougan murmurs that Tether’s growth is less of a sprint and more of a turbo-charged strut, helped by an all-you-can-sell buffet of currencies and money markets worldwide. Yes, the world is basically their playground. 🎢💰
XRP whales are back at it, buying dips like they found a clearance sale on crypto confidence.
At the podcast The Master Investor, Cathie Wood donned her prophet’s robes, proclaiming Bitcoin as the “pure” monetary system. One might ask: pure of what? Of greed? Of innovation? Of… well, anything that doesn’t involve Layer-2 solutions. 🤷♀️ She insists Bitcoin’s blockchain has never been hacked-a claim as fragile as a snowflake in a nuclear winter. 🧊
Morpho, presumably the most enthusiastic DeFi entity in the room, announced the partnership on X with the gravitas of someone revealing they’ve cured cancer: “This is the beginning of an inevitable shift: banks are coming onchain and Morpho will be their universal backend.” Translation: “We’re about to get paid in crypto. Pass the champagne.” 🍾
And now, like some mysterious alchemist stepping from the shadows, cryptocurrency enters the fray, shaking hands with this digital coliseum and altering how spectators cheer, players earn, and pixels are bartered. Platforms adopting these arcane currencies – Bitcoin, Ethereum, and their ilk – offer a new dimension of engagement, where fortunes flow with the swiftness of a babbling brook, unburdened by the ponderous bureaucracy of yore.
Apparently, Coberg’s side hustle included using his badge to intimidate rivals while collecting $20K/month. Because nothing says “ethical career move” like moonlighting as a thug with benefits. 🎩🦺
By Shayan (or perhaps a ghostwriter with a penchant for chaos)
On the daily chart, Bitcoin is strutting along a high-wire after plummeting from its lofty $124,517 peak down to a mere $107,270. A dramatic plunge-like a soufflé collapsing under the weight of reality. Yet, like a true show-off, it’s back at it, floating above $114,000 as if the whole ordeal never happened, clinging to the $108,000-$110,000 support zone with the tenacity of a cat refusing to leave its favorite sunbeam.
Rather than burying cash in local vaults, merchants may fund distant payments with stablecoins. At the SIBOS gathering in Frankfurt, Visa spoke of the stablecoin prefunding pilot via Visa Direct, with a hopeful glance toward a novel method of moving funds across the seas. One might suspect a quiet impatience with the old roads, those tedious byways of finance that make the journey feel longer than its reward. 💨
According to their statement to BeInCrypto (because who wouldn’t trust a company that talks to cryptos for a living?), the new raise, powered by Jump Crypto, Accel, and Prosus Ventures, takes KGeN’s total funding to a whopping $43.5 million. Well, that’s what happens when you convince big shots with fat wallets that you’re onto something huge. But what exactly is it? Glad you asked.
