Canaan is teaming up with Calgary-based Aurora AZ Energy Ltd. to convert natural-gas wellhead power into something much more exciting: artificial intelligence (AI), high-performance computing (HPC), and, of course, bitcoin (BTC) mining. And let’s be honest, who wouldn’t want their wasteful gas flaring to turn into crypto gold? 💰
Brandt, ever the connoisseur of classical charting, points to a symmetrical triangle between 2014 and 2017, a formation so pristine it could have been etched by the hand of Da Vinci himself. 🖼️ XRP, that mischievous sprite of the crypto world, broke free from this geometric prison in late 2017, soaring to heights above $2 before settling into a sideways waltz from 2018 to mid-2025. An ascending wedge, they say? Or merely the market’s way of mocking our attempts at order?
Mark Yusko, the wise sage from Morgan Creek, eyes the chaos and murmurs tales of the decline of old-school money-like that ancient relic called fiat currency-decaying in the shadows while Bitcoin marches onward. The man seems convinced that Bitcoin’s recent climb is just the latest chapter in the slow, relentless fade of traditional money. And hey, who isn’t thrilled by the idea of printing dollars like cotton candy? Just ask Turkey or Venezuela, where the local currencies have become basically worthless (kind of like the hope of a snowstorm in July), and Bitcoin’s record-breaking highs have become a daily ritual.
Bitcoin (BTC), the grande dame of crypto, reclaimed her throne at $115,000 (+3%), while Ethereum (ETH) sashayed up to $4,142 (+8.2%). Even XRP, the overlooked cousin, traded near $2.54. And let’s not forget the high-beta majors-BNB surged 14%, and Solana (SOL) gained 7%. Truly, a rebound fit for a Coward cocktail party. 🥂
Yet, in the wake of this financial tempest, whispers of recovery stir. Like phoenixes from the ashes of greed and fear, certain crypto-linked stocks may yet soar. Behold, three American equities that dare to dream amidst the chaos-though whether they fly or flop remains a tale for the gods (and the markets) to decide. 📈🤡
In the span of but a single day, Dogwifhat hath experienced a rebound most acute, climbing near 15% to rest at $0.55. This resurrection was not unaccompanied, for market capitalization swelled to $552 million, bolstered by a daily trading volume of $317 million. Such a surge, one might observe, is the fruit of renewed buying fervor, with whale activity noted in the $0.50 to $0.54 range, a sure sign of their accumulating whims. 🛍️💼
Bitfarms (BITF) shot up 26%, while Cipher Mining (CIFR) gained 20%, because why settle for small wins? Bitdeer (BTDR), IREN (IREN), and MARA Holdings (MARA) hopped on board with modest 10% gains-probably tired from all the celebratory jumping. The rally hints that everyone believes AI’s insatiable appetite for compute power is going to make miners richer than a pirate with a chest of gold.
Today, the illustrious Mr. Michael Saylor, the distinguished Chairman, announced this prodigious feat across the social media platform X-because what’s more charming than announcing multi-billion dollar acquisitions in 280 characters or less? The coins were purchased between the 6th and 12th of October, at an average price of an eye-watering $123,561 per coin-because who doesn’t love paying a premium for a digital asset? 😅
As whispered by the visionary Nischal Shetty, founder and CEO of this tempest-tossed vessel, on the ethereal X realms, the latest judicial ballet in Singapore’s High Court culminated in victory’s kiss-the platform’s recovery parchment received the imperial seal. Sarcasm aside, it’s about time; bureaucracy moves slower than a glacier in a poetry recital! ❄️⏳
Bitfarms (BITF) and Cipher Mining (CIFR), like the stars they are, led the charge with double-digit gains, galloping ahead in a way that surely left some traders breathless. Not far behind, Hut 8 Mining (HUT), IREN (IREN), and MARA Holdings (MARA) managed to creep above the 4% mark with a good-natured flicker of upward momentum, while Core Scientific (CORZ) and Riot Blockchain (RIOT) enjoyed a more modest rise – still, they were happy to tag along for the ride.
