Pi Coin (PI), once the belle of the ball, was trading at a measly $0.1450 on Sunday, just a hair above its all-time low of $0.1305. It’s fallen harder than a novice tightrope walker, shedding over 90% of its value since its glory days. Billions? Poof! Gone, like a fart in the wind.
He argues the Bitcoin downturn wasn’t a dash of fate so much as a flood-speculative, scammy schemes that siphoned coin from sturdy assets, burned the little folks, and knocked the wind clean out of the market’s sails.
In a tweet that’s hotter than a pastrami sandwich on a summer day, Cypress declared that XRP holders should keep their eyes glued to Ripple’s institutional DeFi roadmap. Native on-chain privacy? Check! Permissioned markets? Check! Institutional lending? Check! It’s like a financial Swiss Army knife, but with more pizzazz!
Previously, UNI had slipped to a four-month low of $2.8, which is just one decimal point away from a free slice of pizza if you’re in the wrong part of the world. However, as the market showed signs of recovery, UNI successfully defended $3 and reached a high of $3.5 before a mild pullback, proving that even crypto has a sense of irony.
Apparently, these funds were cozying up to a Turkish gambling ring, which sounds like the plot of a Netflix series I’d definitely binge-watch. Money laundering? More like money bored-ering-until now.
According to a rather riveting report from the publication Vietnam Investment Review (VIR), individuals who dare to trade crypto through licensed platforms will now pay a 0.1% personal income tax on the gross value of each transfer-regardless of whether they’re making a fortune or throwing their money into the digital abyss. A splendidly simple mechanism, reminiscent of taxing stock transactions, which ensures the government collects its dues trade by trade, without the fuss of profit-based calculations. Who needs complexity, anyway?
This merry development comes as the token tests its critical support levels at around $0.09 after a week so brutal it could make a grown dog cry. Yes, indeed! The crypto has tumbled about 18% in the last seven days, all thanks to the wider market throwing a tantrum.
Tom Lee Defends Bitmine’s Ethereum Treasury Strategy
The OI-Weighted Funding Rate took a nosedive into negative territory like a balloon deflating at a birthday party, hinting that traders were hedging against the downside with all the finesse of a circus clown juggling flaming torches.
Citing the freshly anointed XRP Ledger Institutional DeFi roadmap-a document so grand it could rival the scrolls of ancient prophecy-Merrick proclaims that the foundation is laid, and the next wave is upon us. The XRP Ledger, he declares, is evolving into a daily use layer for institutions, with XRP powering settlement, FX, collateral, and on-chain credit. One might almost believe we are witnessing the birth of a new financial Messiah, were it not for the faint scent of irony lingering in the air.