🤑 Solana’s $400M Hug: Is DeFi Corp. the New Prom King? 👑
DeFi Development Corp., a name that rolls off the tongue like a tractor on a gravel road, has gone all in on Solana [SOL].
DeFi Development Corp., a name that rolls off the tongue like a tractor on a gravel road, has gone all in on Solana [SOL].
Between late August and September 3 (basically, yesterday in crypto years), the Exchange Supply Ratio (ESR) did a dramatic nosedive from 0.041 to below 0.037. 🌊 That’s like, the biggest plunge since someone realized avocado toast isn’t a retirement plan. And in just two weeks! 💨
It seems the German authorities, in their valiant but somewhat comical quest to confiscate ill-gotten gains, overlooked a clutch of wallets so stealthy they could have passed for a ghost’s savings account. These digital vaults, inactive since 2019, remain as still as a Blandings Castle rose garden, their contents unclaimed and unloved. Arkham’s report suggests these BTCs are still under the control of Movie2k’s elusive operators, who have apparently mastered the art of vanishing without a trace-or at least a blockchain signature.
Meanwhile, Crypto Seth (who clearly peaked in middle school when he came up with his username) says the recent pullbacks are “healthy.” Healthy? Sure, if you consider repeatedly testing your patience at the gym healthy. He claims these dips are just opportunities to “buy the dip.” Well, thanks for that groundbreaking advice, Seth. What’s next, telling us to breathe air?
According to whispers from the cryptic scrolls of Santiment (for who can truly trust anything these days?), the price climb toward $4,500 owes its existence not to divine intervention but to the insatiable greed of “whales” and “sharks.” These deep-pocketed creatures, with wallets brimming between 1,000 and 100,000 ETH, have gorged themselves silly over the past five months, increasing their holdings by a staggering 14%. A feat so monumental it could make even Atlas shrug in admiration.
The dollar, that once-mighty titan, crumbled like a stale bread crust. Gold, meanwhile, strutted forth, its luster undimmed, a boomer’s relic turned savior in this age of uncertainty. 🏆✨
Now, Joseph Chalom, the co-CEO (the one who’s probably wearing a very sharp suit and even sharper business acumen) confirmed that SharpLink has been staking practically all their ETH through custodians like Anchorage and Coinbase. But, in true *entrepreneurial* fashion, they’re looking to branch out. I mean, when you’re sitting on a mountain of billions in ETH, the *natural* next step is to diversify, right? Let’s just throw it into a new network and hope for the best!
The U.S. government, in a move that could only be described as a plot twist, released a jobs report that was as uninspiring as a rainy day in Moscow. This report, which revealed that the economy managed to add a mere 22,000 jobs in August, with the unemployment rate climbing to 4.3%, has only served to solidify the belief that the Federal Reserve will indeed cut interest rates at its next meeting. 📉
So, Ethereum’s staking queue just did a dramatic flip, and now everyone’s like, “Sell-off? What sell-off?” 🕺 The entry queue is flexing with 932,936 ETH ($4 billion) while the exit queue is crying in 791,405 ETH ($3.3 billion). validatorque.com is living for this drama. Three weeks ago, the exit queue was all, “I’m leaving and taking my ETH with me!” but now? Crickets. 🦗
Let’s break it down: they bought 684.4 million CRO tokens at roughly 15.3 cents each. And how did they pay for this little shopping spree? Half cash, half company stock. So now they’re sitting pretty as one of the bigger holders of CRO, owning about two percent of all the tokens floating around out there. Fancy.