The last full trading week of March began with promise, but it did not end that way. What started as a brief recovery in bitcoin ETFs quickly gave way to sustained selling pressure, setting the tone for a week defined by caution, rotation, and selective conviction.
Valinor, a new company aiming to modernize private lending using blockchain technology, has secured $25 million in seed funding. The company was started by former employees of Blackstone. Castle Island Ventures led the funding round, with additional investment from Susquehanna’s crypto division, Maven11, and the founder of TeraWulf, a bitcoin mining company now expanding into AI. Valinor plans to use the funds to grow its lending operations, attract more customers, and expand its team beyond its current size of six people.
At a recent speech at Harvard University, Federal Reserve Chair Jerome Powell explained that the central bank is currently not overly concerned with temporary increases in oil prices. Instead, they are paying close attention to whether people still expect inflation to stay at a manageable level, which he described as currently ‘well anchored’.
Ah, the Realized Price and CVDD-two stalwart companions in the bear markets of yore. Like a pair of weary travelers, they have guided Bitcoin through the valleys of despair, their wisdom etched in the ledger of time. Woo, ever the raconteur, spins a yarn of their latest adventure, where the Realized Price, that fickle measure of the average investor’s cost basis, has been sliding down like a drunkard on a rainy night. Its current perch? A modest $54,200. Yet, Bitcoin, ever the recalcitrant child, has yet to kiss this level in its latest tantrum.
Having completed a design phase with a global consortium of banks-each of which presumably took a break from their usual tea-sipping to contribute-the network is now gearing up for real-world transactions later this year. Yes, that’s right; we are told to prepare ourselves for the grand spectacle of financial institutions embracing the 21st century.
Last year, Kenya waltzed into the global crypto scene, ranking fifth in transactional use. Only Ukraine, the US, Nigeria, and Vietnam could give it a run for its money. But now, it seems that standing is about as stable as a house of cards in a windstorm thanks to its own policy process. Bravo!
From the 23rd until the 29th, no new tranche of the digital demon entered the coffers; no shares were sold, and no fresh Bitcoin sat upon its gilded desk.
Over the past 24 hours, XRP has been trading greener than a Frogstar Prisoner’s envy. Sure, it’s still hovering around the $1.30 mark like a slightly embarrassed space probe, but hey, at least it’s not plummeting into a black hole. Meanwhile, the XRP Ledger has been busier than a Vogon at a poetry slam, with on-chain activity surging like a hyperactive space flea on a caffeine binge.
Our good friend, Fed Chair Powell, clearly knows how to toss a market into chaos! His remarks were the spark that ignited this fireworks display of volatility. Let’s break it down like a bad joke:
SHIB is currently trading at $0.0000060, up 4.7% over the last 24 hours, according to data from CoinMarketCap.
