Ah, mes chers lecteurs, gather ’round for the latest farce from the land of Latin America, where crypto dances like a court jester and economies twist like a Molière plot! 🌶️💰
In this week’s comedy of errors, the crypto stage is set with a surprising twist! While the venerable Bitcoin still reigns supreme, like a stuffy old aristocrat, XRP has leapt onto the scene like a mischievous servant, stealing the spotlight! 😏🎭 Bitso’s report reveals that XRP has usurped Ether’s place as the second most held asset in Latin portfolios, a true coup d’état in the crypto kingdom! Bitcoin holds 54% of the court’s favor, but XRP now graces 12% of accounts, leaving Ether sulking at 11%. Stablecoins and local currencies? A mere 12%. And those SOL and memecoins? They’re but fleeting jesters, barely present in 5% of portfolios. 🤡
Meliuz’s Bitcoin Ballet: A 908% Yield Pirouette! 💃✨
Behold, the Brazilian cashback maestro, Meliuz, has performed a financial ballet that would make even the Sun King envious! By embracing Bitcoin as a reserve asset, they’ve turned their fortunes from a tragic opera to a triumphant comedy. Gabriel Loures, their CEO, proclaims a net profit of $1.4 million in Q2 2025, a stunning reversal from their $11 million loss in 2024. Analysts once scoffed at their Bitcoin gambit, but Meliuz has proven them fools, achieving a 908% Bitcoin Yield between 2Q25 and 1Q25! Their shares now glitter like gold, each holding more BTC than ever before. 🤑🎉
Brazil’s Tariff Tango: Lula’s $5.55 Billion Counterstep 🕺💼
In the grand ballroom of global trade, Brazil, the eighth-largest economy, finds itself in a tariff tango with the Trump administration’s 50% levy regime. But fear not, for President Lula da Silva has unveiled the “Sovereign Brazil” plan, a $5.55 billion credit line to aid beleaguered producers. Tax cuts for small companies? Oui, they’re part of this economic minuet too! Yet, Lula resists the urge to retaliate with reciprocal tariffs, opting for a more diplomatic waltz. Will Congress approve this executive order? Only time will tell. 🌍⚖️
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2025-08-18 02:19