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BitMine announced that they’ve gathered approximately $1 billion in value of the second most valuable cryptocurrency by market capitalization, following their successful completion of a $250 million private investment round aimed at bolstering their Ethereum financial plan.
So there’s XRP, hitting a new all-time high like it just graduated at the top of its class after a seven-year study—who knew crypto could finally grow up? The last time it flirted with greatness, it was back in 2018, just before every briefcase-toting finance bro decided they were a crypto expert.
Canary Capital has submitted a filing to the US. Securities and Exchange Commission (SEC) for an ETF linked to Injective’s native token, INJ. The proposed fund, called the Canary Staked INJ ETF, would track the token’s price and also pass staking rewards to shareholders.
Polymarket, where nothing is sacred and everything is a gamble, has decided to let its users bet on the deeply personal lives of the rich and powerful. The latest target? The potential divorce between Andy Byron, CEO of Astronomer, and his alleged future ex-wife, Kristin Cabot, the company’s Chief People Officer. The speculation hit fever pitch when the two were caught on the kiss cam at a Coldplay concert, and the internet—bless it—took it from there, of course.
Indeed, Bitcoin [BTC], in a most gallant fashion, hath reached an all-time high after many moons of steady ascent. But lo and behold! The signs of sluggishness rear their humble heads, indicating a likely pause or a playful jolt backward before the grand next act!
Over the past four weeks, Ethereum [ETH] has been on a bullish streak, gaining 35%. The uptrend continued over the past 24 hours, with the asset posting a double-digit gain of just above 10%. 📈
As the fog of confusion slowly lifts—thanks to some legal wizardry—we’re seeing LINK preparing to be the charming liaison between our cozy, traditional finance and the adventurous, chaotic realm of blockchain.
Like a force of nature, Ethereum surges forward, leaving all who dare oppose it in its wake. A 22% rally, a number that defies comprehension, has catapulted this behemoth to dizzying heights, with the price now hovering above $3,600 like a specter of unrelenting optimism. The siren’s call of $4,000 beckons, an irresistible force that draws all who dare to dream of untold riches.
According to Chainalysis, a company that apparently makes a living by analyzing the goings-on in the crypto world, digital assets theft this year had been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services so far. I whistled softly to myself as I read the numbers – it seemed that the crypto thieves were having a banner year.
But, alas, dear borrower, be warned: the firm’s benevolence only stretches so far. You’ll need to cough up repayments in cash or crypto, with no early exit penalties to speak of 🚫. And, to mitigate the capricious whims of bitcoin’s volatility, the loan is capped at a 60% loan-to-value (LVR) ratio 📊. Should the price of bitcoin plummet, fear not, dear borrower, for you’ll receive a 30-day notice to adjust the LVR by fiat repayment, additional collateral, or a Bitcoin top-up 💸. And, in the worst-case scenario, only a partial sale of your beloved BTC will occur, leaving your home safe and sound 🏠.