Guess who’s back, back again? Trump’s back, alright! And with him, a renewed global crypto confidence. The wealthy Indians are quietly moving their moolah into digital assets like Bitcoin and Ethereum. With Bitcoin soaring past $120K and giving 90% returns in a year, it’s a no-brainer why crypto is the new black. 💎
BlackRock’s iShares Bitcoin Trust (IBIT), that paragon of financial acumen, led the charge with a net addition of 💸496.75 million, its vaults brimming with 86.5 billion in assets—a testament to the era’s obsession with the digital phoenix. 🧠
The XXRP ETF has increased by 136% since its inception in April, while XRP has risen by 81% during the same period. It has also had robust inflows, with its assets surging to $471 million.
Ah, and while time slithers by, it becomes evident that our dear XRP has wandered into the realm of overbought territory—a condition as delightful as an overcooked borscht. Investigating our precious Relative Strength Index, we find it perched ominously at 76.72, suggesting that the exuberance may be nothing more than a fleeting mirage, teasing or perhaps mocking those who dared to dream of a flight to the $4 heights. Parched and yearning for higher amplitudes, our hopeful investors now face the wild prospect of a price retreat, trading at $3.43, a slight but bitter descent of 0.48%. 🍵
Once upon a midnight dreary, filled with excitement and perhaps a hasty decision, a poor soul—let’s call them Ivan—purchased what appeared to be a “sealed, brand-new” hardware wallet from the enigmatic realm of Douyin, the Chinese version of TikTok. Alas, Ivan found themselves a victim of a staggering $6.9 million crypto heist, for the fates had conspired against them, and all their funds vanished into the ether faster than one could say “digital fool.” 🤦♂️
Tell me, dear reader, when has a former president’s accidental cryptocurrency fortune not been amusing? 🃏
Because nothing says “stable economy” like letting politicians name bills after words they clearly don’t understand. GENIUS? CLARITY? Next up: the HONESTY Act (sponsored entirely by lobbyists). ✨
They bought 19,683 ETH. Let that sink in. Nineteen thousand, six hundred and eighty-three. I can barely keep track of my socks. The press release – oh, the press releases! – droned on about “deepening exposure” and “long-term strategy.” It’s always a long-term strategy, isn’t it? Like saving for retirement when you’re currently living off ramen noodles and the occasional inheritance check. 🍜
Thumzup Media Corporation (Nasdaq: TZUP) has received board approval to hold up to $250 million in digital assets. The approved cryptocurrencies include bitcoin, ether, solana, ripple, dogecoin, litecoin, and the stablecoin USDC. A curated collection of the sacred cows of the digital age, no doubt.
The IMF was all like, “Hold up, guys, your Bitcoin balance is still the same 🤔,” despite El Salvador’s Bitcoin Office being all, “We’re buying BTC daily, y’all! 📈” The discrepancies in their wallet reserves are just a result of some creative accounting 🎨, not actual Bitcoin purchases.
