In an X post, LSplayQ highlighted a key technical development on the XRP 3-day price chart, pointing to a breakout from a falling wedge pattern. This type of pattern is commonly associated with bullish reversals, signaling that market sentiment may be shifting in favor of the bulls.
Now, it’s not just any old coin, folks. Dogecoin is in the spotlight. Elon Musk, the world’s favorite billionaire, loves to throw it some attention. And who can forget the Department of Government Efficiencies (D.O.G.E.)? No, this isn’t about a new breed of dog. It’s about the U.S. government trying to clean up its act by trimming down unnecessary expenses. Now that’s a dog we can all cheer for! 🐕💸
Le Blackrock Ishares Bitcoin Trust (IBIT) vient de passer un cap important, détenant plus de 700,000 BTC, soit environ 76 milliards de dollars. Cela place IBIT en tête du classement des ETF spot bitcoin, possédant plus de 1% de l’ensemble des BTC détenus par tous les ETF spot basés aux États-Unis. Le fonds a acquis cette position en seulement quelques mois depuis son lancement en janvier 2024, mettant en évidence un appétit institutionnel puissant et des contributions régulières des investisseurs. La dynamique d’IBIT a dépassé non seulement l’offre de minage de bitcoin, mais aussi la trajectoire de croissance d’autres grands acteurs tels que Strategy et Fidelity. En fait, il se porte si bien qu’il génère désormais plus de revenus pour Blackrock que son ETF phare, l’Ishares Core S&P 500 ETF – indiquant un changement de cap vers les actifs numériques.
One can only imagine those bearish souls, sipping their evening tea, lulled into complacency by the tranquil spot price — suddenly coughing up biscotti as their positions evaporate like the last hope of a bureaucrat at tax season. Was it a newsflash? An avalanche? No! Just a sly short squeeze, comrades. The invisible hand, in its infinite sarcasm, let the chart stay calm as the heatmap blazed redder than the devil’s own pajamas.
Davinci took to X (because who needs actual human interaction, right?) and shared his super-simple, totally-achievable strategy for winning big in the wild world of cryptocurrency. And, honestly, it’s kind of genius. 💡
The Trump Media & Technology Group (TMTG), the owner and operator of Truth Social, has filed for a new Crypto Blue-Chip ETF with the US Securities and Exchange Commission (SEC).
Whale activity? Oh, it’s not “Free Willy,” folks—these whales are crypto juggernauts splashing around in their digital cash pools. On July 5, they moved 105.9 million LTC in one day! Guinness is still processing the world record (for most coin flexing on a Wednesday).
This Tokyo-listed company, once in the business of running hotels, has taken a drastic turn in recent years, becoming one of the world’s most aggressive corporate Bitcoin holders. One wonders if they’ve been having a flutter on the crypto markets during their lunch breaks. And now, they’re entering what CEO Simon Gerovich calls “phase two” of their strategy: using Bitcoin as collateral to finance acquisitions of profitable businesses. A bold move, if I do say so myself.
In the “Look-Mum-I-Made-It” category, Strive Funds—backed by multitasking maestro Vivek Ramaswamy—nabbed a cool $750 million, all for the noble cause of Bitcoin scheming. Not to be upstaged, TwentyOneCapital waltzed off with $585 million, Securitize grabbed $400 million, and an enthusiastic gaggle of smaller rounds scurried close behind: Kalshi, Auradine, ZenMEV, and Digital Asset, all raising enough to invite awkward calls from their fifth cousins.
Gerovich told the Financial Times that they need to accumulate as much bitcoin as possible to reach “escape velocity” (whatever that means). And then, they’ll use that bitcoin to get financing from banks to buy profitable businesses. Because, you know, banks just love lending money against bitcoin. 🙄