I'm going to have to apologize to Wilt Chamberlain right off the backboard because he holds the distinguished honor of having the most rebounds in NBA history.

_{By huangweiqing / Walter Huang [1] (Dennis Rodman, 2001) (CC BY 2.0), via Wikipedia Commons}

In fact, Dennis Rodman is ranked #23, behind such illustrious luminaries as Bill Russell, Kareem Abdul-Jabbar, and Moses Malone. But none of those guys have ever topped Rodman in the most important statistic of all--how many ways an NBA player can act weird in public.

When it comes to weirdness, Dennis Rodman has them all beat, and he could be weird and still end up with the most rebounds in a game, something none of these other players can brag about.

So that pretty much wraps up my knowledge of basketball. But that's all I need to know to put things into perspective for today's crypto news. Ready? Let the rebounding begin.

Crypto News

Since January, #crypto enthusiasts and Bitcoin fan punks have been crying over their beer bottles because the crypto markets are down. And you'd have thought the sky was falling, but Chicken Little was nowhere in sight. In fact, he doesn't even like basketball.

But you don't have to like basketball to know that Bitcoin is on the rebound, like Sallie Mae after the last mortgage crisis when she got dumped by that rich guy for a flask of Jim Beam. News is, the big daddy of crypto dropped below $6,000 before finally shooting up to well over $6,600 as if the corked popped. And all within three days.

As if that wasn't enough, the entire crypto market blew up like a ballon.

Photo by Aaron Burden on Unsplash

As it turns out, the market gained $15 billion, and all of the top cryptocurrencies popped the cork in celebration.

In this day and age, half the population is losing custody, but not #Coinbase. The largest crypto exchange in the U.S. has added 10 new customers to its new institutional platform called Custody. I have a feeling that's just the beginning.

And when no one was looking, #Binance Labs threw $12 million into Republic's G-string. That must have been some lap dance.

Speaking of metoric rises, #CoinEx was sitting around one day thinking up a plan to rock Binance's world. So she did. And after shooting up a mere 30,000% in trade volume, she suddenly became the No. 1 crypto exchange in trading volume. We can't even find the cork.

Crypto Analysis

#Ethereum has been in the news a lot this year, mostly due to its consensus issues. But this time, people are talking about the $1 spike in fees in tandem with the blockchain's transactions falling to 600,000. No cork-popping going on there.

The only thing more difficult than getting stuck in a hard fork is losing your pride in a #Ripple. Futurism is accusing the whipping post of blockchains of paying people to use its #cryptocurrency. Well, technically, maybe that isn't true, but if you think about it ....

You know how much I like fools. Well, my favorite fool is talking about Bitcoin flying off to the moon. Something about ETFs and $50,000. Yes, he's saying BTC could hit $50K by year's end. With that kind of blood rushing to the vein we could all buy new corks.

If you've ever wondered how cryptocurrencies are regulated in Eastern Europe, here's the best guide you'll ever get. Don't read slow. You'll be here all night.

Finally, if you live in Ontario, your cover's been blown. 40% of crypto investors in that province have sold all of their cryptocurrencies. And there are a ton of other interesting tidbits to go along with that.

So there's the crypto news for today. If you're wondering if I've been paid, bribed, or sexually harassed to include any of these companies in this report, the answer would have to be a strong negative. I'm the #editor of Blockchain Times where you'll find plenty of other cool news about crypto and the blockchain. Check it out right now.

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