Category: Crypto news

Should the Pi Core Team implement two out of these eleven suggested steps, it may aid in restoring community confidence and potentially trigger another price increase.

Meanwhile, Ripple (XRP) is nudging downward, Solana (SOL) is tumbling like Ivan Karamazov in a bad mood, now below $150 and looking for his dignity somewhere near $149. Dogecoin (DOGE) howls as only a dog can, down 3%. Cardano (ADA): -1.38%, monochrome and guilty. Chainlink, Stellar, Toncoin, Hedera, Litecoin, Polkadot—these are the Dakotas of the crypto steppes. They too have fallen, reflecting on their meaningless fates, hands over their eyes, muttering, “Am I not a coin too?!”

In a recent interview with Bloomberg News, CEO Vlad Tenev revealed that the company has received a “deluge of inquiries” from private companies eager to make their equity accessible to retail investors through blockchain-based tokens on their platform 📈. One can almost hear the sound of champagne corks popping in the background as Tenev proclaimed, “Since our announcement, I’ve had a deluge of inquiries, private companies that actually want to access retail to have their shares tokenized and be a part of this revolution.”

Alas, poor Pi Network (PI) price, how the mighty have fallen! From its May peak of $1.67, it hath been a gradual descent into despair, a woeful downtrend marked by lower highs and lower lows 😔. The token hath lost a veritable fortune, over 70% of its value, in a mere two months, stabilizing around the $0.45 level, a far cry from its former glory 💸.

The SEC, a government agency famous for its glacial speed and love of three-letter acronyms, appears—against all odds—to actually be expediting Solana (SOL) ETF applications. Two definitely-human sources claim the SEC has asked fund issuers for updated S-1 filings, expected to be delivered at a speed not seen since someone announced “free donuts in the breakroom.” These filings must now include fascinating bedtime reading about staking and in-kind transactions.

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This saucy tidbit comes courtesy of Theminermag, a publication that’s all about the latest news and research on institutional bitcoin mining companies. Do pardon the yawn, darling.

In a recent discourse on the Shawn Ryan Show, Mr. Hoskinson recounted a week of most peculiar and chaotic encounters with the administration of President Nayib Bukele. The gentleman alleged that the proposed airdrop of cryptocurrency to the citizens of El Salvador, including members of the notorious MS-13 gang, was a matter of grave concern, risking the ire of the United States and its stringent sanctions.

If these bills pass, it could be a game-changer for the industry. But if they stall, it’s just another case of “crypto, schmypto.” 😴 Either way, the outcome will have a direct impact on stablecoins, exchanges, and the broader crypto market. So, buckle up, folks! 🚀

The current price movement of Bitcoin may seem sluggish, but from a broader perspective, the bulls and bears appear to be reaching an agreement. The bid-ask spread is compressing, meaning there is not much gap left between them, hinting towards a potential trade to occur anytime from now. 🤝