Bit Digital, with its bold and somewhat audacious move, is now steering its ship towards the Ethereum horizon. After raising a whopping $172 million from eager investors, the company is on a mission to become the worldâs largest corporate holder of ETH. With over 100,000 ETH already in its coffers, Bit Digital is not just dipping its toes but diving headfirst into the Ethereum pool. đââïž
Now, these folks are strutting around as one of the biggest publicly listed ETH holders, waving around 100,603 ETH, which is like having a treasure chest worth a staggering $254.8 million. Ching-ching! đ°
The real icing on this digital cake? Asset managers now sit atop an impressive pile worth $188 billion, the sort of sum that would make even Discworld’s Patrician raise an eyebrow and mutter âTheyâre doing what with invisible money?â
Coinalyze data revealed that the memecoin saw a 4% price hike over the past 24 hours, but an 8% increase in Open Interest. The speculative activity was another market of bullish strength, proving that when it comes to BONK, the only thing more speculative than the coin is a Mel Brooks script reading! đ
Monsieur Garlinghouse, porteur dâun vent fort favorable (gare Ă vos perruques, messieurs !), vient dâannoncer, tout guilleret, la fin de la grande querelle dâappel contre les terribles dragons de la SEC, proclamant sur X (le rĂ©seau qui fit autrefois gazouiller Twitter) : « Le chapitre se ferme, nâen parlons plus ! »
Dâaucuns disent que la SEC, Ă©puisĂ©e de tant de batailles, laissera elle aussi tomber lâĂ©pĂ©e et la plume sous lâĆil perçant de la juge Torres, qui, lâĂ©tĂ© dernier, dĂ©clara brillamment que lâXRP, sur le marchĂ© secondaire, nâest ni cygne noir ni valeur non enregistrĂ©e mais, hĂ©las, pĂ©cuniairement coupable de $125 millions pour ses Ă©changes dâantan. Le brouillard des procĂšs enfin levĂ©, reste Ă la noble Chambre des ReprĂ©sentants la question abyssale : « Quâest-ce donc que ce XRP ? » (Personne ne sait, mais tout le monde fera semblant Ă merveille đ)
Enter TruthLabs, a Bitcoin on-chain sleuth with a theory that’s equal parts intriguing and bizarre. Apparently, Christian, Olivier Janssens, the son-in-law of the last king of Italy (because, why not?), might be the culprit behind the massive BTC transfer. TruthLabs claims that Janssens was mining Bitcoin less than a month after its creation, which is either impressive or suspicious, depending on how you look at it. đ€
Meanwhile, BRICS (that’s Brazil, Russia, India, China, and South Africa for those who don’t speak acronym) is over here like, “Hey, we’re a world power now, and we’re gonna make our own currency, thankyouverymuch!” đââïž
On the 7th of July, a date destined for the footnotes of investor smugness, TIA rebelled against its past, climbing 12% and glancing coyly at $1.67 as the clock struck press time. Traders, naturally, swarmed like hungry peasants to a bakehouse, and so trading volume multiplied by 170%âa surge inspiring both suspicion and fevered optimism.
This address, a veritable treasure trove, held a modest 900 ETH, which, back in the misty days of 2015, was worth a mere $279. Yes, you read that right. ETH was trading for mere pennies, like the price of a second-hand teacup at a village fete. Fast forward to the present, and the same 900 ETH is now worth a staggering $2.27 million. One can only imagine the look on the owner’s face when they checked their balanceâprobably a mix of shock, joy, and a sudden urge to buy a yacht. đ„ïž
Thanks to this shocking performance (or lack thereof), on-chain data reveals that a whopping chunk of SHIB holders are currently swimming in the deep end of unrealized losses. Imagine a pool party, only everyone forgot their bathing suits and are panicking. What on earth does this mean for our dear investors? đ