qfx Fuelled with the sort of reckless bravado one expects from someone betting the family dacha on a single hand of faro, Bit Digital poured $172 million (from a public offering, no less!) and the roasted remains of 280 Bitcoin into a fresh mountain of Ether. This they disclosed, with a poker face, on a perfectly ordinary Monday—because why not?
Despite the recent commotion from long-standing holders disposing of over 500,000 BTC—equivalent to more than $50 billion (ah, how thrilling for the perennially curious)—the Bitcoin price remains positively stoic above the momentous $108,500 mark. This resilient demeanor is decidedly due to the institutional eagles circling, ravenously absorbing the excess supply like Kardashians at a boutique clearance sale.
The CoreWeave team revealed in a press release on July 7, 2025 that the companies have signed a definitive agreement for the acquisition, with the deal set for an all-stock transaction.
Recent updates from the Pi Core Team show noteworthy development progress. However, these efforts seem insufficient in the current market environment. 😒
On July 7th, DOGE was trading at $0.1700, a few points above its year-to-date low of $0.1467. That’s a 35% drop from its highest point in May. But fear not, because the whales are here to save the day!
And who’s the first to take a swing at Musk? None other than the one and only Donald J. Trump, who’s not exactly known for his subtlety. Trump’s ‘Big Beautiful Bill’ was the straw that broke the camel’s back, leading to a very public spat between the two titans. 🤺🔥
Pseudonymous analyst Credible has been racking up followers on the social media platform X, and they’ve got some exciting news for XRP investors. According to Credible, XRP is looking bullish on the high time frame as it continues to build a strong foundation above $2.
But what does it all mean? 🤔 Well, for starters, each Core Scientific share will be swapped for 0.1235 CoreWeave shares, valuing Core Scientific stock at $20.40. That’s a 66% premium to its price late last month. Not bad, if you ask me. 🤑
The coin itself spiked over 5% in a day—up to $0.177. This followed a weekend bounce, because clearly crypto markets like to unwind after a hard week before coming back and promptly giving everyone heart palpitations on Monday. Notably, Dogecoin’s price surge reportedly lured in “whale wallets,” which is crypto jargon for “people alarmingly comfortable with losing lots of money in a blink.” The whales started swimming, and suddenly everyone decided the water was just fine—for now. 🐋
But, alas, this triumph is not without its caveats. For though LetsBonk’s ascendancy is a most welcome development, its sustainability remains to be proven over time ⏰. Will this fledgling platform be able to maintain its momentum, or shall it succumb to the vicissitudes of the crypto market? Only time will tell.
