Transaction URL: https://blockchain.com/btc/tx/0ca4bba088e8ea44a666cf78e87bfeffa1b599dda874bca00849b87729d576a9
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In today’s edition of sentences I never expected to write: The Central African Republic launched a Solana memecoin over the weekend, announced by President Faustin-Archange Touadéra on X.
President Touadéra has long been a crypto fan, following El Salvador’s lead in adopting bitcoin as legal tender in 2022. This latest foray into the blockchain could prove far more lucrative for the state: The CAR token peaked at over $800 million in market capitalization, according to DEX Screener. That’s nearly a third of the nation’s 2023 GDP of $2.76 billion.
As is always the case with…
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It was a few weeks back I wrote about new proposed bills in Texas and Oklahoma focused on crypto investments. They joined plenty of states with similar plans — i.e. Pennsylvania, New Hampshire and others.
More recently, Caylin Young, a delegate in Maryland’s state legislature, proposed establishing a bitcoin reserve fund. There appears to be a hearing on this slated for March 6.
The bill would allow the state treasurer to invest funds obtained through enforcing certain gambling violations toward the crypto asset, according to a proposal synopsis.
In Kentucky, House Bill 376…
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Bitcoin’s price is roughly flat week over week as investors eye the next potential crypto market mover.
As Wintermute OTC trader Jake O. put it: “After two consecutive weekends of heightened volatility, the past few sessions have been noticeably slow, with spot ranges tightening.”
“This slowdown coincides with a lack of fresh crypto-specific narratives, as traders reassess positioning after last week’s liquidation event,” he added.
You want narratives?
Galaxy Digital CEO Mike Novogratz shared some views — albeit higher-level and less focused on day-to-day prices…
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Ripple is reshaping financial transactions in Europe by teaming up with Unicâmbio a leading Portuguese crypto exchange. This collaboration aims to enhance cross-border payments between Portugal and Brazil dramatically simplifying the process through Ripple Payments. The strategic move is designed to speed up transactions and reduce operational hindrances making international business more efficient than ever.
The integration of Ripple’s blockchain technology allows for near-instant settlements revolutionizing traditional payment systems. Ripple’s commitment to leveraging digital assets for optimized global remittances is further solidified through this partnership. Existing ties with major Brazilian financial players like Travelex Bank and Mercado Bitcoin underline Ripple’s impactful presence in the region promising a robust infrastructure for seamless financial exchanges.
Cassie Craddock Ripple’s Managing Director for the UK and Europe highlighted the significance of the partnership stating it marks a major milestone for Ripple’s expansion in Europe. The initiative not only bolsters Portugal’s burgeoning crypto ecosystem but also reinforces Ripple’s prowess in tokenizing real-world assets thus paving the way for a new era of digital finance connectivity between Europe and South America.
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Decentralized finance today is still largely an ouroboros, as Vitalik once pointed out.
Protocol revenues and fees are real, and they prove the tech works. That is important! But these revenue flows are still largely the downstream result of speculative capital passing between traders in a circular, self-consuming cycle.
Protocols like Pendle observed these state of affairs, declined to pass judgment, then simply built the best possible product to capitalize on this ouroboros-like economy.
Want a fixed yield? Buy Pendle Principal Tokens (PT). Prefer to farm points with expectation of…
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