Yesterday, Eric Trump announced that World Liberty Financial plans to acquire a significant portion of the TRUMP token supply for long-term holding. The market reacted instantly - traders started buying up TRUMP. It’s not a moonshot, though. According to Coingecko, the price went up just 5% in 24 hours. Still, the trend is clear: demand has picked up. But here’s what I don’t get: why? Does...
Coinbase has announced that Fartcoin is now on its roadmap for listing. That’s… unexpected. Meme coins - especially joke ones like Fartcoin - are usually seen as short-lived. If an exchange wants to profit from them, it lists them at the peak of the hype - fast, before the buzz fades. But in this case, the hype seemed long gone. And...
The crypto bill recently approved by the California State Assembly contains a truly unprecedented clause: * If a custodially held crypto account remains inactive for three years (no logins, no trading, no withdrawals), the funds are classified as "unclaimed" and can be seized by the state. When Trump was elected president, I once speculated that the Bitcoin reserve he promised might be...
The President of Kazakhstan, Kassym-Jomart Tokayev, has announced the launch of a new innovation zone called CryptoCity during the plenary session of the Astana International Forum. Within this zone, cryptocurrencies will be allowed for payments – including goods, services, and real estate. Tokayev believes this initiative puts Kazakhstan among the first nations to integrate digital assets into...
Today I came across a post on X by trader @OzzyTraderJoe. He believes that the 37,229 BTC invested by Tether in Twenty One Capital were supposed to back USDT. I’m not so sure about that. After all, custodial dollar stablecoins like USDT are usually backed by actual dollars, not Bitcoin. Most likely, these BTC were Tether’s own reserves - not user funds. But that’s not even the main...
Let’s get back to our experiment with SUI – the cryptocurrency that Rabbit Swap’s neural network (GPT o3) suggested I invest in two weeks ago. Since last Monday, SUI’s performance has only gotten worse. Right now, on rabbit.io, you can swap: * 27.89 SUI for 0.00085749 BTC (two weeks ago, you could get that much SUI for 0.001 BTC – a 14.25% loss); * 26.98 SUI for 84.55880719 USDT...
Two days ago, Uphold announced plans to introduce XRP staking on the Flare Network. Some saw this as a promising opportunity to earn extra passive income from XRP, while others wondered: * How is staking yield actually generated? * Who’s willing to pay us just for locking up our assets? * And does this really benefit the people who foot...
On the financial markets, there's a saying: "Buy the rumor, sell the news." I feel for everyone who bought Toncoin recently on the back of all the buzz about new partnerships and the bright future of the Telegram ecosystem. But wait - was that really just rumor? Can it still be called a rumor when it's making headlines across every major crypto media outlet? A screaming...
Today, several media outlets, following India’s Financial Express, reported that the Chinese government has allegedly extended its long-standing ban on crypto transactions to include a ban on holding cryptocurrency altogether for Chinese residents. There doesn’t seem to be any concrete proof, so it’s probably just a hoax. Still, I’ve been half-expecting that some country would eventually...
GitFish, the protocol for tokenizing open-source software, once launched the $LINUX token. The project generated some buzz, but there was a catch: the token was issued by the GitFish team itself rather than the actual repository owner, which meant it didn’t have real community backing. The team announced that it has learned its lesson and will no longer launch...