Category: Crypto news

Bitcoin started its downward spiral below the $97,200 support zone. It then slid below $96,200 and $95,500. It’s like a snowball effect of disappointment.

One might think the beckoning of public commentary from the Commission is a clue—a whisper of intention behind all those mahogany doors. Yet, consider this: such gestures are frequently but the SEC’s favorite game of chess with time itself. Standard tactics for standard mortals. Nevertheless, traders have the emotional restraint of provincial poets, and the momentary tremble of Litecoin’s price reflected their existential dread.

Our beloved U.S. Securities and Exchange Commission, that most devout defender of the status quo, has whispered (or rather, announced loudly, for there is little else to do in May) that it will host a rousing roundtable christened: “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet.” Picture it: May 12, D.C., suits and visionaries blended into a glorious soufflé of jargon and possibility.

So qntxxx and their trusty sidekick—let’s call them Robin to qntxxx’s Batman—launch into the market-making business in 2022, after the LUNA implosion. Because when a crypto exchange explodes, what do you do? Repeat the magic on the next one, obviously! They sniff around the smaller joints—Bitget, Gate, you know, the kind of places your mother tells you not to leave your wallet unattended.

Yet, around the corner lurks a greater beast: the Market Structure Bill, which, upon passage, will define the mighty fate of the Securities and Exchange Commission and Commodity Futures Trading Commission. Will the people know how their digital cowry shells are to be regulated? Will the candle burn at both ends, or simply sputter and leave us in darkness? Stay tuned, dear reader, for the next thrilling installment of Congress: The Reckoning.

MicroStrategy keeps gobbling up Bitcoin like a tubercular patient with a new batch of morphine, to the horror of the neighborhood finance doctors. Anton Golub—tech founder, entrepreneur, occasional raining-on-parades expert—warned the world that MicroStrategy’s gluttonous BTC acquisition has all the trappings of a Ponzi scheme. Allegations are flying faster than rubles in a 1920s breadline.

Hold onto your seats, folks, because in a recent court filing dated May 5, the defense attorneys revealed that, surprise surprise, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) had dropped a bombshell back in August 2023. Turns out, Samourai Wallet probably didn’t qualify as a licensed money transmitter under FinCEN’s regulations. Who knew? 🤔

As if to thumb its nose at all things predictable, open interest in XRP contracts has inexplicably tiptoed downwards by a miserly 0.3%, now lounging at $3.65 billion. You might expect a bustling ball, but the ballroom has emptied rather inexplicably. Perhaps everyone popped out for canapés?

In a riveting chat on CNBC’s Squawk Box, Lee proclaimed that Bitcoin has bounced back to dizzying heights—levels not seen since before President Trump’s infamous tariff announcement on April 2nd. And that, my friends, might just be the first hint that the stock market is about to soar like a rocket 🚀.

Not my car, but ❤️ the plate. Kyrgyzstan🇰🇬🙏

Among other things, also gave my advice to make #BNB and #BTC as the two starting crypto for the National Crypto Reserve.