Their vaults, once echoing with the clink of digital gold, now host a quieter symphony: 3.2% of all Bitcoin, a hoard so vast it could make Midas blush. But alas, equity premiums have cratered from 208% to 4%, because nothing says “confidence” like begging investors with a 4% markup. 🙃
Crypto exchange-traded products (ETPs) had a lovely $921 million worth of inflows last week, utterly obliterating the $513 million that had slinked out the week before. CoinShares couldn’t contain their excitement, so they shared the news with us on Monday. 🤑
Nate Geraci, a renowned ETF analyst, has hinted that the spot XRP, along with Solana and Litecoin products, are already lined up and ready to launch once Washington returns to its regular schedule. 📅
This marks the third time Mt. Gox has kicked the repayment can down the road, like a financial game of hot potato. Originally slated for October 31, 2023, the deadline has now been extended more times than a Netflix series no one asked for. Rehabilitation Trustee Nobuaki Kobayashi (aka the man with the world’s most thankless job) announced the news on Monday, just days before the previous deadline of October 31, 2025. Talk about cutting it close! ⏳
After a few weeks of what can only be described as financial hiccups – a brief dip below the $110,000 support zone, a bit of wobbling like a debutante in new heels – Bitcoin has righted itself with the grace of a seasoned dancer. It closed firmly above the 20-week EMA and 21-week SMA, that hallowed “bull market support band,” a feat as significant as a debutante’s first curtsy at Almack’s. History, that tiresome old tutor, reminds us that staying above this band often heralds renewed momentum rather than further corrections. Since mid-October, the price has stabilized, displaying higher lows with all the reliability of a Swiss clock. 🕰️💃
Lo, 36.15M ETH staked and a Fund Market Premium nigh $3.9K doth proclaim the steadfast heart of institutions, though their whims be as fickle as the wind! 💼💨
This Mr. Kiyosaki, he’s been singin’ the praises of Bitcoin for quite some time, callin’ it “real money” and warnin’ us about the inevitable downfall of them paper dollars. But now, it seems he’s developed a fondness for this Ethereum critter as well. Says it’s lookin’ mighty promising, akin to catchin’ Bitcoin at a bargain price. He stated earlier this month, mind you, just like he always does – with a flourish! His book, bless its heart, has done well, translated into more languages than I’ve had hot dinners.
The shift marks the first notable decline in illiquid supply this cycle, signaling that some long-held coins are returning to more liquid hands. A most curious development, if one may say so. 🧐
“Never sell your bitcoin –” That’s what 2024 told us when he ironically bellowed that phrase before a hugely enthusiastic crowd of 8,000 people at the Bitcoin Conference in Nashville, Tennessee. Donald Trump’s making speeches about Bitcoin now. Boy, does the world keep spinning! 😂
From a deep, existential dip at $111,278, Bitcoin decided to have a bounce party and landed in the $113,500 range early that very morning. It’s like a rollercoaster, but with less safety and more hair-pulling.
