This tale was spun, much like the whispers of John Steinbeck himself, with shades of hard-earned gold and the coy, gusty laugh of the invisible hand of the market. Upon the stage, SHIB’s 50-day moving average waltzed gracefully above its 200-day partner, creating what some folks are calling the first golden cross of the year, 2025.
It is written that these 115 entities, comprising builders, investors, and advocates, have implored the Senate Committee on Banking and the Committee on Agriculture to delineate clear boundaries, lest they abandon the market structure legislation like a ship adrift without a compass. Without explicit protections, they warn, the tide of progress shall recede, and the developers shall seek solace elsewhere. 🌊
The crypto market-already getting its groove back-got a nice little shot of caffeine, bouncing from a low of $3.80 trillion to a not-so-shabby $3.90 trillion. Meanwhile, Bitcoin was all like, “I’m fabulous” at around $112,300, and Ether was like, “You’ll never catch me down here” as it reclaimed levels near $4,600. 🤑
Take M0, for example-a Switzerland-based platform that lets developers issue custom stablecoins (yes, *custom*). They just announced a $40 million Series B raise led by Polychain Capital and Ribbit Capital. Founded in 2023, M0 has already partnered with projects like MetaMask and Playtron. So now you can buy virtual swords in your favorite game using an M0-powered “Game dollar.” Truly, we live in the future. 🎮💰
At the mystical gathering known as Bitcoin Asia 2025 (where ties are optional and trading charts are fashionable), Paul Lee-the mastermind behind Lobo Ventures-blurted out that Bitplanet will hurl $40 million directly at Bitcoin. That’s not betting the farm; that’s buying the entire barn and tossing the cows in for good measure.
The American economy roared past expectations and expanded by 3.3% in Q2 according to Thursday’s announcement by the Bureau of Economic Analysis (BEA). Economists had predicted a growth rate of anywhere between 3.0% and 3.1%, but a drop in imports coupled with a jump in consumer spending buoyed the nation’s gross domestic product (GDP), sending markets higher, although BTC increased by only a smidgen. 🧘♀️
In the second quarter of this year, decentralized exchanges (DEXs) experienced a staggering 25.3% leap in spot trading volume, soaring past a whopping $876 billion! Meanwhile, centralized exchanges (CEXs) took a nosedive, plummeting nearly 28%, landing at a mere $3.9 trillion. Oh, the irony! 😂
On the esteemed platform ‘X’ (formerly Twitter, before rebranding overtook sense and tradition), the analyst in question has ventured that such an exorbitant rise may transpire if XRP elects to overshoot its so-called linear regression line. The monthly timeframe provides ample opportunity for hits, misses, and the occasional dramatic overshoot 📈. Mr. Egrag’s analysis, grounded firmly (or loosely, depending on your tolerance for uncertainty) in something called a “2-standard deviation model”-which sounds just scientific enough to discourage further questions.
On the illustrious date of August 28, Binance, ever the attentive host, announced an upgrade to its trade execution services. This new system will aggregate OTC liquidity and offer different execution models, all in the name of reducing slippage on those gargantuan trades that only the truly wealthy dare to make. 🤑
On August 28, Lombard Finance formally launched LBTC, the yield-bearing Bitcoin token, on Solana. This marks a new chapter in the ever-expanding world of decentralized finance, as the protocol’s whopping $1.5 billion in circulating capital effortlessly slides into the embrace of Solana’s layer-1. Don’t worry, Ethereum and friends, you’re not forgotten just yet.
