qfx

Apparently, driven by the relentless beast called inflation (that invisible creature that devours savings like a hungry sumo wrestler), LibWork plans to jackpot into crypto between September and December 2025, because what better way to dodge inflation than to gamble on digital fortunes, right? The goal? Not just to toss coins at the wind but to “reduce the risks” of holding cash-an idea as fresh as a summer breeze-while simultaneously pretending they understand global markets. Of course, all this is part of their “broader risk management strategy,” which is corporate-speak for “we’re hoping this makes us rich.” 🤑

According to the esteemed report from CoinShares, this surge propelled the total assets under management to a staggering $244 billion, an all-time high that would surely make the ghosts of past investors weep with envy. Most of this bounty, it seems, flowed from the coffers of iShares, particularly one investment product that has become the darling of the masses, a beacon of hope in a sea of uncertainty.

The XRP price today shows the coin trading just under the $3 mark, after multiple failed attempts to reclaim the $3.20 and $3.15 resistance zones. Market data indicates that XRP has formed a bearish trend line around $3.06, with selling pressure intensifying whenever bulls attempt to push higher. It’s like a financial version of a moat, but instead of water, it’s just a lot of panic. 🧠

On August 16, Zhao dropped the mic 🎤 and announced he’s stepping down as co-founder but staying on as a “strategic advisor.” Sure, Jan. The crypto community? They’re not buying it. David Hoffman from Bankless summed it up perfectly with a classy “Bro what.” 🤔

A Tale of Two Bulls

With their average buy-in at a mere $73,320 per coin (😅), this $72 billion stash would make Scrooge McDuck jealous-if only Bitcoin could be stacked into a giant swimming pool. Sadly, bitcoin’s overnight dip to $115,000 means MSTR’s portfolio is now worth… well, a slightly smaller absurd amount.

Ah, yes, the crypto market is having one of those days-like when your cat knocks over your favorite plant and then stares at you like you’re the bad guy. Bitcoin has decided to take a little dip under $115,000, while ether (ETH) seems determined to join the pity party at $4,220. Why? Because apparently, everyone’s waiting for Fed Chairman Jerome Powell to say something profound at Jackson Hole later this week. Spoiler alert: He probably won’t.

Bitcoin [BTC], you see, briefly touched a rather dizzying height-$124,474, they claim-on the fourteenth of August. Such fleeting triumphs. Then, as inevitably as a summer rain, it retreated, rather gracelessly, to the $115,000 region within a mere four days. The investors, naturally, are perturbed. One can almost hear their sighs.

And what of their treasure trove? As of this very moment, their vaults contain nearly 10,000 BTC-9,969, to be exact-worth about $1.15 billion. Yes, billion, in a country where the highest temple fee probably involves a modest donation and a prayer. This little digital stash-more than enough to revive the economy and then some-emboldens Bhutan’s rising confidence in cryptocurrency, which apparently is now more than just a passing curiosity for the monks. 😉

According to CoinGlass’ liquidation trackers (because, of course, we need a tracker for this chaos), nearly $1.26 million worth of long positions got wiped out faster than a poorly planned heist in a Guy Ritchie movie. Meanwhile, shorts were like, “Nah, we’re good,” racking up a measly $3,880 in losses. It’s almost as if the bulls forgot to pack a parachute before jumping out of the plane. 🐂✈️