This action caused prices to fall across the altcoin market, and smaller, less established cryptocurrencies were hit the hardest. This is a typical reaction – when Bitcoin’s price drops, altcoins usually fall much further.
Well, it seems Canada has finally decided that perhaps allowing cryptocurrency donations in political campaigns was not the brightest idea since deciding to put maple syrup on everything. Following closely on the heels of the UK’s hastily imposed ban, just a day prior, both nations have decided that elections should be free from the shadowy underbelly of foreign cash and mysterious money trails.
So, these two geniuses from San Luis Obispo County, California, thought, “Hey, let’s drive 600 miles to Scottsdale, Arizona, and rob someone of $66 million in Bitcoin. What could go wrong?” Spoiler: Everything. Jackson Sullivan, 17, and Skylar LaPaille, 16, showed up in FedEx uniforms they bought on Amazon. Because nothing screams “legit” like a teenager in a cheap costume.
U.S. District Judge Rita F. Lin, in a move that would make Marvin the Paranoid Android crack a smile, issued a preliminary injunction on March 26. She found that the government’s actions against Anthropic were about as constitutional as a Hitchhiker’s Guide to the Galaxy without the words “Don’t Panic.” The ruling? A violation of the First Amendment, a denial of due process, and a blatant disregard for the Administrative Procedure Act. The administration now has until April 2 to file an emergency appeal, which, let’s be honest, is about as likely to succeed as a Golgafrinchan Ark Fleet mission.
In truth, the very fabric of Kalshi’s ambitions was woven tightly with the recent $1 billion funding round that elevated its valuation to a staggering $22 billion. One wonders if the investors, clutching their wallets, felt a twinge of apprehension or excitement at this prospect.
Indeed, it seems that Bitcoin may have taken heed of the tightening monetary policy, whilst stocks languish in a state of ignorance, exposed to the latest macroeconomic shocks, as noted by our esteemed friends at Bitwise.
David Duong, Global Head of Institutional Research at Coinbase, calls it a total misunderstanding, especially for Ethereum.
Apparently, the world is ready to ditch its cash and cards for something a little more… digital. Binance CEO Richard Teng (not to be confused with a certain Mean Girls character) dropped the news on X this week: 21 million merchants are now accepting Binance payments. That’s more than the number of times I’ve rewatched 30 Rock. Teng said:
CryptoQuant, ce curieux carnet d’affaires de la Crypto, révèle un mythe économique : le caban où XRP se trouve a presque vidé son sac à dos. Les épargnants, exploitants et ajoutateurs d’étincelles sont désormais à la recherche d’un nouveau talon de chaussure, ce qui semble raisonnable, puisqu’il y avait déjà un petit problème de stockage.
Picture this: the XRP/USDT chart depicts our protagonist trading around $1.34, just a hair above the $1.20 support zone-an area it has embraced like a weary traveler clutching a lifeline. In a feeble attempt at recovery, XRP remains trapped within its descending channel, sulking below the 100-day and 200-day moving averages, which languish at $1.80 and $2.10, respectively. The bearish structure persists, an ever-present specter haunting hopeful buyers.