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According to their press release (as if that’s going to make us feel fancy), BNY Mellon, in all its glory, will be the custodian of this ‘revolutionary’ coin. No, it’s not your average blockchain wonder; this one comes with a hefty promise to “bridge the gap between traditional finance and crypto” — a noble goal indeed. But let’s not kid ourselves, we all know this is just another clever excuse to keep up with the cool kids in the crypto world. 😏

In a move that makes you wonder if DeFi Dev Corp has a crystal ball, they’ve increased their Solana holdings by a whopping 64%. Now holding a cool 690,420 SOL (yes, you read that right), their stake is worth a jaw-dropping $103 million. A tiny sum to make Solana seem relevant, right? Well, let’s just say it does wonders for the “credibility” factor in the eyes of other investors. Thanks, DeFi Dev Corp, for making us all feel like amateurs!

Such is the bleak melody played by the analyst Xanrox, draped in the heavy cloak of prophecy. In tones reminiscent of Cassandra (without quite so much Greek tragedy, but with far more memes), Xanrox admonishes investors: the jig is nearly up, and the “digital gold” shimmers ominously atop a trap door.

Ripple (XRP) was trading at the modest sum of $2.34 as of Wednesday, marking a 2.4% gain in the last 24 hours. This follows a gentle rise from $2.26, extending the asset’s weekly gain to a respectable 6.48%. Its total market capitalization now stands at the considerable figure of approximately $137.4 billion.

Now, I know what you’re thinkin’, “What’s the big deal? I’ve got my money in the bank, and it’s safe as houses!” But hold up there, partner, ’cause the world of cryptocurrency is a whole different ball game. See, Teng is remindin’ us all that security is a shared responsibility, and we gotta do our part to keep our funds safe from them pesky hackers.

BIG DAY FOR CRYPTO HOLDERS!

US House scheduled a hearing on Crypto Tax policy today.

There has been some rumours that 0% capital gains tax will be implemented on US-based tokens.

According to the ever-so-insightful Ali Martinez, who recently graced us with a post on X, the supply of these aquatic giants has seen a notable uptick. The metric to watch here, courtesy of the esteemed Santiment, is the “Supply Distribution.” This charming little chart tells us just how much of the precious asset these wallet groups are hoarding at any given moment.

Take SPX6900 and FLOKI, for instance. These two have been the talk of the town, drawing in more capital than a gold rush in the Wild West. SPX6900, with its fancy ecosystem upgrades and a bit of market flair, has been on a tear, gaining nearly 12% in just 24 hours. It’s like a steam locomotive that’s just discovered it can run on pure optimism. 🚂

Until this moment of bureaucratic thaw, firms in the shadowy “virtual asset” alleyway were banished from any government compassion—austerely walled off from tax amnesties, financial encouragement, and the warm embrace of discounted televisual fanfare. But lo, the ministry claims their frosty stance is softening, warmed by a new “shift in perception.” Legal and institutional snowplows now clear the way for digital wanderers, and the protection of users looks less like an afterthought and more like a scheduled event on the national calendar.

Their valiant effort? The analysis of over 50,000 data points across a flourishing menagerie of forty allegedly “promising” token launches—an exercise not unlike herding ferrets into a swimming pool, but with more spreadsheets.