Just when you thought it was safe to go back into the darknet, the cops nabbed the folks behind Archetyp Market on June 16. This latest disappearance from Abacus is just another chapter in the wild, wild West of the darknet. Users were already having trouble getting their hands on their hard-earned bitcoins, and the market’s admin tried to calm the waters, but it was like trying to stop a leaky boat with a Band-Aid. 🛥️🌊
McClurg, who’s no stranger to the crypto scene, has been keeping a close eye on the U.S. Securities and Exchange Commission (SEC). It turns out, the SEC is working on some guidelines that will determine which cryptocurrencies can join the ETF party. Bitcoin and Ethereum have already snagged their VIP passes, but XRP is looking more and more like the next in line to get its golden ticket. 🎟️
The illustrious UK arm of Standard Chartered has decided to roll out the welcome mat for institutional investors, offering them a shiny new way to buy and sell the two biggest cryptocurrencies directly through a bank that, let’s be honest, sounds much more trustworthy than a random kid on the internet offering you a ‘fantastic investment opportunity’.
Through this integration, OKX’s users can now frolic in the waters of USDG for on-chain transfers and trading. Now, USDG might be a small fish in a $250 billion stablecoin ocean, with a circulating supply of just $356 million, but it’s got a secret weapon: regulatory clarity. 🎩 Unlike the behemoths like USDT and USDC, USDG is positioning itself as the stablecoin for institutions and those who prefer their investments with a side of caution.
After days of relentless upswing, a shift in momentum has stirred the pot, raising questions not unlike those pondered by weary travelers on a dusty road: is the mighty Bitcoin taking a collective sigh before it rallies once more, or has it found a cozy nook for a prolonged stay? 🏕️
Crypto Patel, in his latest X post, has painted a rather rosy picture for SUI. He suggests that once the price breaches the $4.50 mark, it might take a brief dip to $3.50 for a retest. But fear not, for this would be a mere prelude to a grand ascent, potentially reaching $6 and even soaring to the dizzying heights of $10. This forecast is underpinned by a clean technical setup, robust volume, and a macroeconomic climate that is decidedly favorable. 🌱🌟
Now, if you can cast your mind back to that fateful July 14 filing with the Securities and Exchange Commission, you’d recall that NYSE Arca donned its finest approval hat and certified this little rascal under the ticker UXRP. Ain’t that a mouthful? 😄
Mina Protocol, the underdog with a heart of gold, saw a 53% surge in commits, a rise so dramatic it could only be described as a phoenix rising from the ashes of its previous month’s efforts. Chainlink, ever the social butterfly, also experienced a delightful uptick in both commits and developer participation, a testament to its enduring popularity and the charm of its community. 🌟
Hedera’s native token, HBAR, has risen a staggering 49% over the last seven days, trading at $0.23, despite a slight stumble during the market-wide correction. Its market cap has ballooned to almost $10 billion, with a 24-hour trading volume above $1 billion. One can only wonder what sorcery is at play here 🔮.
As crypto demand skyrockets, particularly for regulated investments in assets like XRP, capital is rushing toward ETFs that boast transparency, no fees, and—wait for it—institutional-level custody. Digital asset manager 3IQ recently dropped a bombshell on July 14, revealing that its XRP-focused ETF, traded under the names XRPQ and XRPQ.U on the Toronto Stock Exchange, has already surpassed $50 million in assets under management. That’s less than a month, by the way. Talk about a speedy rise to the top!