Of course, PYUSD (PayPal’s very own stablecoin) is basking in the limelight like it just won an Oscar. But let’s not forget the ripple effect across altcoins because, darling, this could get *messy*.
And just like that, Monero’s once-predictable mining ecosystem was shaken to its core. In mere weeks, Qubic surged from a mere 2% of the network’s hash rate to over 27%. For a brief moment, it was the king of the pool—before, of course, the angry community made its displeasure known. Yet Ivancheglo, the mastermind behind this, is undeterred. His latest plan? To cross the 51% hash power threshold between August 2 and 31. He insists it’s a “demonstration,” not an attack. Because, clearly, a “demonstration” on Monero’s network won’t cause chaos at all. 👀
This little dip might just be our friend signaling the end of a wild rollercoaster ride over the past month, where it’s been all rockets and rainbows. Despite the 3% retreat, Ethereum remains spry and peppy! 📈 However, trading volume has taken a bit of a siesta, down 12.2% to $26.1 billion. Ah, the drama of it all!
OKX, global cryptocurrency exchange and, apparently, overachiever, has just dropped regulated crypto derivatives for retail investors in the United Arab Emirates. Not to get dramatic, but this makes OKX basically the Beyoncé of regional exchanges (move over, others). The menu? Futures contracts, perpetual contracts, plus up to 5x leverage options contracts for all the adrenaline junkies out there. Supervised by the always-chill Dubai Virtual Assets Regulatory Authority (VARA)—because if you wanted chaos, you’d try to reorganize your closet instead.
Apparently, this could lead to higher borrowing costs for European nations, make the ECB feel like a sidekick, and increase Europe’s dependence on the US. It’s like we’re back in high school, and the US is the popular kid with all the cool stablecoins, while Europe is stuck trying to figure out how to use a floppy disk! 💾
Our dear Bitcoin, with its fantastical decentralized governance and proof-of-work spells, is like a sturdy dragon guarding the treasure – no pesky knights can slay it anytime soon! 🐉💰 Bill waved his wand and declared that, while Ethereum and Solana pranced around with their shiny upgrades and regulatory magic, they paled in comparison to Bitcoin’s rarity. It’s as scarce as a unicorn at a tea party! 🦄🍵
Gemini rolled out this cross-collateral feature for derivatives trading in early 2024—not to be confused with that time you tried to use Monopoly money for your rent. At first, folks could only put up Bitcoin. But forget “boring old Bitcoin.” Now, there’s a whole menu of currencies—like a buffet, but every dish is more speculative than the last. 🍽️
Since its peak on July 18—oh, such a handsome high at $3.64—XRP has been doing the cha-cha between the $3 and $3.13 marks, like a confused ballerina tripping over its own pointe shoes. Meanwhile, ETH and BNB, the flamboyant prima donnas of the crypto stage, have stolen the spotlight with dazzling gains. Yet, XRP stubbornly clings to its 45% gain over a month and a staggering 430% in a year, defending its crown with a kind of stubborn, valiant flair. 🎉👑
Such stoic behavior in a stormy sea usually hints at bullish ambitions. Yet, despite sellers seemingly on an extended vacation (or perhaps lost in the metaverse), Bitcoin refuses to rally. Instead, it lingers, teasing us like a cat dangling a mouse by its tail. Time to unravel this riddle wrapped in cryptographic mystery! 🐱
The great and powerful Coinbase, in a message sent through the mystical land of X, has cast a spell over the markets, causing BIO and EUL to dance a jig of joy, their values rising higher and higher like balloons in a parade. 🎈🎉