Kraken’s gone and swallowed Backed Finance whole, the second-largest stock tokenization platform in the world. Now, that’s what I call a hearty meal! 🍽️ The deal’s supposed to bridge traditional finance and DeFi, but let’s be honest, it’s probably just another way to turn your savings into digital confetti. 🎉
Glassnode’s liquidation heatmap (fancy, right?) is showing short-liquidation clusters between $92.5K and $94K. That’s like a pile of dominoes waiting for a toddler to knock them over. If the price keeps climbing, we might just get a squeeze that’ll make your 401(k) jealous. 🤑
Picture the scene: a grand carnival of hope – Bitcoin soaring like Icarus perhaps – yet American Bitcoin Corp., the sad clown in the wings, watching its stock dance the tango of despair. Despite the crypto market’s apparent euphoria, this company’s shares tripped over their own shoelaces and fell flat on their faces. The recent 37% nosedive in 24 hours at a modest $2.22? Oh, what a fine spectacle of ruin! Over half a year, nearly 60% of value evaporated – truly a slow, agonizing death by a thousand cuts. 👀
Momentum, that once lively fellow, has now retreated into the shadows, leaving the herd squealing as support levels wobble like a tipsy aristocrat. The selling pressure is mounting with all the grace of a litter of unruly puppies, both in the spot market and through the darker alleys of derivatives. The mood has soured faster than an afternoon tea in a damp cellar, and analysts are beginning to murmur darkly about a possible prolonged bear market if ETH doesn’t pull its socks up soon.
Oh, and here’s the kicker: these hacks happened after March 2025. So no, AI couldn’t have learned these tricks during its training. In fact, it seems AI is just making stuff up as it goes along. It’s like the kid who didn’t study but still aced the exam. 😱
Now, Lynch, clearly confused as ever, starts going off on this whole thing about digital assets versus stablecoins. Like, buddy, I don’t even know what you’re saying anymore. But Bowman, staying cool as a cucumber, explains the whole shebang about the GENIUS Act, which apparently Congress gave the Fed permission to mess around with. Yeah, you read that right: GENIUS. They named a bill that. Who’s the genius now?
Behold, the service promises to simplify stablecoin swaps, pairing decentralized exchange mechanics with its global payments network. A match made in heaven-or perhaps in a blockchain? 🌀
In what can only be described as Wall Street’s version of a mass exodus, Bitcoin’s Open Interest decided to pull the classic Houdini act-disappearing faster than my willpower at a cupcake buffet. It’s as if all the speculative support got bored and decided to ghost the market. This sudden drop yanked BTC below the once-lofty $91,000-the digital equivalent of realizing your crush is actually a catfish.
In a missive most audacious, posted upon the platform X, Cunningham declares that Ripple could achieve this valuation should XRP rally to $250. He avers that the company’s XRP holdings, a tidy sum of 17 billion, would then amount to $4.25 trillion. Such a figure, he insists, would render Ripple 6.6 times more valuable than Visa and 8.6 times more than Mastercard. And yet, one cannot help but wonder, is this not all a flight of fancy? 🧐📈
Bitcoin surged back above $90,000 during Tuesday’s U.S. morning hours, erasing most of its steep plunge from Sunday to Monday to below $84,000. The largest cryptocurrency was recently trading at $91,180, up 8% over the past 24 hours, helping lifting the broader digital asset markets. 📈