Category: Crypto news

Our leading man, Guy Serge A. Franklin, wants his day in court, accusing Bakkt, its senior adviser and former CEO Gavin Michael, CEO Andrew Main, and CFO Karen Alexander of failing to disclose crucial info about deals with Webull and Bank of America (BoA). It’s like finding out your best friend is dating your ex without telling you. 😬

Last month, Solana took a nosedive, plummeting nearly 20%, while the half-year trend dipped like a sad sack by around 18%. The weekly drop of about 16% paints a picture of a persistent bearish bias, like a rain cloud that just won’t go away. Price fluctuations have been bouncing between a meager $98 and a lofty $166, creating a backdrop that’s as exciting as watching paint dry for short-term traders. Indicators, including a negative momentum reading and an oscillator that’s taken a vacation below zero, confirm that the downtrend is as real as your uncle’s fish stories.

Bitcoin? Oh, it pulled in $195 million in weekly inflows, but then it got hit with a whopping $826 million in outflows. Ouch! Ethereum? It’s crying in the corner after losing $370 million. Meanwhile, Solana’s $26.9 million gain is cute, but it’s like bringing a knife to a crypto gunfight. 🔪💥

Sei (SEI), that new layer-1 network, promised to be fast, like a jackrabbit on a hot date. But she’s been headin’ south, closer and closer to that all-time low, even as folks are buildin’ and hustlin’ all around her. Seems like SEI been losin’ ground for four weeks straight. Sittin’ at her lowest since last November, a whole 78% down from her glory days. Ouch. 🤕

In a week that felt like a bad reality show, Bitcoin ETFs faced a net selling of $107.81 million. It seems like investors are pulling back from riskier assets like Bitcoin, probably because they heard the word “tariff” and thought, “Nope, not today!” The sell-off followed a rollercoaster ride of volatility, with spot Bitcoin ETFs getting hit harder than a piñata at a kid’s birthday party. 🎉

According to the venerable Wall Street Journal, Circle, much like an anxious debutante on the eve of her ball, finds itself at a crossroads. It peers into the financial abyss, pondering its next move with trepidation, akin to Klarna and StubHub, who too, are caught in this waltz of hesitation.

According to the ever-reliable blockchain voyeur, Lookonchain, one particularly audacious whale has been on a shopping spree. This creature of the deep, who previously splurged $5.97 million on 3,195 ETH, has now added another 4,100 ETH to its collection for a cool $7.32 million. Because, why not?

As the momentum wanes like a winter sunset, the villagers—our dear market participants—are peering through their telescopes, hoping to spot a glimmer of hope. Will the bulls, like knights in shining armor, ride to the rescue and reclaim their lost ground? Or will the bears, like a relentless winter storm, continue to ravage the land? Only time will tell. ⏳🐻

Since the Digital Services Act (DSA) took its first breath in October 2022, it has been a sword of Damocles hanging over social media platforms, designed to ensure they toe the line of decency and legality. Should X be found guilty of transgressions, it could face fines up to 6% of its global revenue. And what a revenue that could be, if one dares to consider the vast empire of Musk!

Ah, the Financial Intelligence Analysis Unit (FIAU). Sounds awfully bureaucratic, doesn’t it? Like a department dedicated to counting grains of sand. Anyway, these fine folks at the FIAU, during a surprise inspection (unannounced, mind you, like the NKVD at your doorstep!), uncovered a veritable hornet’s nest of anti-money laundering violations. Systemic, they say! Like a pattern woven by the devil himself.