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.
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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.
The agencies, with all the solemnity of a church sermon, declared that these stablecoins “perform some of the functions of fiat currencies,” and warned that their unregulated circulation could threaten the yuan’s stability. One might ask, what’s next? A warning that rain might fall? The rules apply to both domestic and foreign entities, including overseas branches of Chinese firms-because why let a little thing like geography get in the way of a good crackdown?
Bitcoin, that mischievous digital trickster, made a dramatic return to around $70,600 on February 7 after a 14% plunge from its early February highs, which was about as exciting as a drowsy sloth in a library. Meanwhile, the Crypto Fear and Greed Index, that ever-reliable barometer of investor sanity, hit rock bottom with a reading … Read more