Odor of excitement? Check. Ondo Finance (a company as mysterious as the Bermuda Triangle) has announced to the world that PancakeSwap, the giant of the DeFi ecosystem, is now part of its elite club. A coalition of more than 30 industry giants working tirelessly (or at least pretending to) to bring stocks and ETFs onto the blockchain in a way that doesn’t make regulators’ hair stand on end.
This time, the company nabbed a dainty $250 million worth of ETH from Bitgo and Kraken, according to Arkham Intelligence, who oh-so-helpfully pointed out, “These accounts match Bitmine’s prior acquisition pattern.” Well, bless their hearts for noticing.
He announced this on X (formerly Twitter, obvs – the platform where sensible people go to have their opinions shouted at them) on October 20th, mentioning he’d been building this thing with the help of Claude, which, you know, is an AI. So basically, a robot helped him invent something and now he wants everyone to have it. It’s very generous. Or incredibly naive. Jury’s still out. 🤔
After weeks of tempestuous turbulence, Ethereum, that steadfast voyager, has found its footing once more. A reversal from the abyssal depths of $3,600, a trial by fire, has seen it rise, triumphant, above the sacred $4,000 mark, its price dancing with a 2% ascent. A testament to the resilience of the human spirit, or at least the collective will of traders who refuse to surrender to the void. 🚀
The Delights of the Matter:
Whales-those aquatic oligarchs-are busy front-running their own reflections, but momentum prefers pratfalls over poetry. A clean rally? As likely as a swan song in a thunderstorm.
They seized $330k in crypto-mere pocket change compared to the $5.7M “harvest.” But fear not! The hunt for missing millions continues, because nothing says “success” like leaving a trail of digital breadcrumbs. 🕵️♂️💻
In a world where words are cheaper than a cup of coffee, White House Economic Advisor Kevin Hassett, during a CNBC interview, hinted at the end of the legislative stalemate. 🗣️☕ Lo and behold, Bitcoin and stocks, those twin harbingers of hope, surged-the former by 2.1% to $111,711.03, and the latter, well, they did their best. 📈✨
The deal is expected to raise more than $1 billion in gross proceeds, including $200 million from SBI and additional investments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. The funds will primarily be used to purchase XRP on the open market and build the world’s largest institutional XRP treasury.