Thanks to a little political love from U.S. officials and some big money rolling in, crypto is like a phoenix rising from the ashes. This isn’t a mere recovery; it’s a full-on comeback tour! 🎤🔥
Our fearless CEO, Sang-Yup Song, put on his philosopher hat and declared that there’s a treasure chest of untapped gold transactions, over 40% of which are lurking in the shadows of unregulated markets. Kind of like your cousin’s side hustle, right? “Gold is great and all,” he said, “but it’s hanging out in the back alleys of the economy. We need to shine a light on it—digitally, of course!” ✨
To grasp the significance of a $4 trillion valuation, one need only glance toward Nvidia, the current titan of corporate power, basking in its own shimmering triumph after crossing this threshold back on the 9th of July, now having inflated to a resplendent $4.2 trillion. Ah, the irony! The very ensurement of the future resting upon digital coins crafted in vast open spaces of ether.
After what felt like an eternity of decline, the ETH/BTC ratio has rebounded from its pit of despair between 0.015 and 0.020 BTC, leaping nearly 26% to 0.029 BTC. It’s like watching the underdog finally win a race…except with more digital money.
Our dear TRX, after months of patiently building a solid base between $0.10 and $0.27, has finally broken higher with much more strength than a certain Russian bear could ever muster! Analyst CW, a man of great wisdom and insight, tells us that TRON is now trading in a zone with no clear resistance above. Ah, the sweet taste of freedom!
Anyway, this new app is supposed to be the ultimate everything app. It combines crypto, social media, payments, mini-apps, and it’s all powered by their Ethereum Layer 2 Base network. I mean, why not just throw in a kitchen sink while they’re at it? 🛁
Tokenization is heating up, and Bitwise’s chief investment officer Matt Hougan says it might start moving crypto prices sooner than most expect. The idea of moving traditional assets like stocks and bonds onto blockchains has been around for a while, but Hougan says the industry is now seeing real signs of progress. It’s like the moment when the butler finally finds the missing silver spoon — things are about to get interesting.
In a thrilling Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity (CLARITY) Act, a bill aimed at establishing a market structure for cryptocurrencies in the US. Almost 80 Democrats voted yes for the Republican-led legislation, one of three bills expected to move through the chamber before Congress breaks for its August recess.
Bitcoin dominance is stumbling, said the wise sages of data: X
On July 9, the WLFI team sent a proposal to unlock the tokens. This Wednesday, the vote was closed with a unanimous result. The plan to unlock trading was backed by an incredible 99.94 percent of tokenholders. The WLFI posted on X (previously Twitter). They posted that it is, in the words of Lin-Manuel Miranda, the people have spoken, and that a detailed launch plan will be released soon. I’m sure they’re as excited as I am to see what happens next. 🎉
