Tokenimist, that trusty chronicler of all things crypto, informs us that this release amounts to a mere 2.03% of the Sui’s (SUI) current supply, which is a rather impressive 3.17 billion SUI. However, with only 31.7% of the entire 10 billion SUI maximum supply currently in circulation, it seems there’s plenty more where that came from.
U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce called on Congress to streamline cryptocurrency oversight and reduce regulatory confusion during the Digital Chamber’s 8th Annual DC Blockchain Summit in Washington D.C. on March 26. Peirce currently leads the newly formed Crypto Task Force at the SEC, an initiative launched to create clearer regulatory pathways for the cryptocurrency industry.
According to the illustrious sages at Threat Fabric, this new brand of mobile device malware possesses the uncanny ability to envelop tablets and phones alike in a duplicitous overlay. With it, the unsuspecting Android user is beguiled into laying bare their cryptocurrency seed phrases. One must question: are we not more discerning than a crocodile in a buffet line? 🍽️
California’s Assembly has started legislative proceedings concerning cryptocurrency regulations with the submission of AB-1052, also known as the “Bitcoin Rights” bill. This proposal was introduced by Assemblymember Juan Carrillo Valencia, who chairs the Banking and Finance Committee, and aims to establish legal status for individuals holding their own digital assets (self-custody). The bill’s introduction was announced publicly on March 29 through a statement shared by the nonprofit Satoshi Action Fund on the social media platform X.
On the flip side, the market’s acting like a teenager in denial. You know, that phase where everyone’s like “It’s not a phase, mum!” while dismissing the very obvious signs of a potential trend shift.
Seriously though, after getting rejected at the 100-day MA of $2.5 (because who needs to go above $2.5, anyway?), XRP took a bit of a tumble. BUT! It’s now approaching the crypto equivalent of a comfy couch – a confluence of key support zones. This means we might finally see some consolidation in the mid-term, aka the market’s way of saying, “Okay, let’s all take a deep breath.”
This stark dichotomy serves as a cautionary tale; in this whimsical world of digital gold, it’s every token for itself!
With a flourish of the pen, the regulator has advised the European Commission to slap a 100% capital requirement on digital assets held by these insurance companies. Let’s see who’s still smiling when the crypto bubble bursts! 😏
McGlone, ever the insightful wizard, takes a moment to reflect on the audacious rise of Bitcoin. From its humble birth in 2009, emerging like a mysterious figure from the shadows of the financial world, Bitcoin quickly grew to be the rockstar of the crypto ecosystem. It’s like the rebellious teenager of the finance world, flanked by its old-school, safe-haven cousins—gold and silver—just trying to figure out who’s boss. But McGlone, with a furrowed brow, warns of the rampant speculation that could doom us all. Digital assets, he says, can’t just keep growing like a weed in a well-watered garden. When the market demands eternal growth, it’s like trying to maintain a soufflé that’s already on the verge of collapse. Good luck with that!
The week began with a yawn, as most coins languished in a bear market, reminiscent of a sleepy village on a Sunday afternoon. Bitcoin (BTC), that once-mighty titan, has plummeted to a mere $82,432.00. How the mighty have fallen! 🥴