The co-founder of Solana, a blockchain of considerable bustle and, shall we say, occasional turbulence, has offered his pronouncements upon the future of digital finance. He speaks of stablecoins as a force – a key, one might add, to unlocking some grand, technological destiny. One shudders to think what structural changes await us by 2026ā¦perhaps a universal embrace of digital serfdom? š¤
Flow Blockchain is prepping for a full network reboot after a spicy security mishap. The drama unfolded on Dec 27, 2020, when a hacker exploited the execution layer like a crypto ninja. š„ Yep, $3.9 million in assets (WFLOW, wBTC, wETH, and stablecoins) got poached before the network hit pause. Classic.
And all these other coins – the ‘altcoins’, they call them. Very fancy. Mostly just milling about. Except forā¦ Canton. Canton?! Seriously? CC? What is that, a community college? And it’s up 17%! 17%! I spent three days arguing with a cable company to save $15. This is an outrage.
On the daily stage, XRP prances within a downward-sloping channel, respecting it more faithfully than a loyal dog. Since the last major blow-up, itās been stuck in this gloomy corridor, just above a ādemand zoneā around $1.80-where buyers seem to be clinging to hope with a desperation bordering on the tragic. But donāt get too cheerful; it remains tethered below that pesky trendline and the 100- and 200-day moving averages, which are about as helpful as a broken compass.
So, FLOW-you know, that digital asset everyone was totally obsessed with-just decided to do a dramatic nosedive. šøāļø Like, one minute itās fine, and the next, itās down 42%. Classic crypto, right? Investors are clutching their pearls, and exchanges are sending out updates faster than Bridget Jones writes diary entries. šš
According to some clever data from CoinGlass (who probably has a crystal ball), around $1.62 million in long positions vanished into thin air, leaving only about $365,680 behind in shorts. Itās a liquidation imbalance so wild, it makes a circus act look boring-up by 342.9%!
One asset simmers with 30-day whale hunger, another dabbles in 7-day sips, and a third-well, itās currently guzzling like a sailor on shore leave.
Trust Wallet, that multi-chain self-custody wallet thatās probably been collecting dust in your Chrome Web Store since 2019, recently had a security incident so dramatic it deserves its own Lifetime movie. Version 2.68 of their browser extension? A digital fire hazard. If youāre using it, congratulations-youāve just joined the āOops, My Wallet Just Licked a Hackerā club.
A major shift, darling, has occurred at the U.S. SEC. Under former Chair Gary Gensler, the approach to crypto regulation was rather slapdash-think lawsuits first, questions later. But post-Gensler, the SEC introduced Project Crypto, aiming to clearly define which digital tokens qualify as securities. This, my friends, is akin to finally deciding whether a tomato is a fruit or a vegetable-only far more consequential. š
Bitcoin, that digital enigma wrapped in cryptographic mystery, could be entering a bull market so prolonged it might outlast your average houseplant, says Jan3 founder Samson Mow. He reckons the recent slump was just Bitcoin taking a nap-bear markets being the cryptocurrency equivalent of hitting the snooze button. And now? Optimism is creeping back in like an uninvited guest at a bear party.
