What’s fueling this glorious circus? Well, a cocktail of amateur excitement, gleeful whales doing as whales do (probably with monocles), and each coin’s own attempt at ecosystem “growth.” Of course, all this opera plays out on a stage where most altcoins can barely muster an understudy. Honestly, it’s peer-reviewed theater at this point.
In an interview with the FT, Simon Gerovich, the CEO of Metaplanet, revealed the company’s plans to accumulate as much Bitcoin as possible, a strategy that can only be described as “buy, buy, buy, and then buy some more 🤯”. The goal, it seems, is to use this wealth to acquire “cash-generating businesses”, a phrase that sounds suspiciously like a euphemism for “printing money 💸”.
This surge shows Sei’s capacity to compete with prominent blockchain networks such as Ethereum and Solana while solidifying its standing in decentralized finance (DeFi).
In a recent tweet, Garlinghouse announced that he feels as honored as a knight being knighted by the king to speak directly to the lawmakers about why the U.S. needs proper rules for digital assets. He also took a moment to thank the noble senators Tim Scott, Cynthia Lummis, and Ruben Gallego for leading the charge and supporting crypto-friendly rules. 🛡️📜
How did they do it, you ask? Well, it’s all thanks to their 145% increase in operational hashrate, which jumped from 20.4 EH/s to 50 EH/s over the past year. CEO Zach Bradford credited the achievement to recent infrastructure expansions across four U.S. states and called it a “9.6% increase from the previous month.” Talk about a boss move! 😎
This delightful announcement follows the final completion of a capital increase, as part of the “ATM-type” capital increase program with TOBAM, which raised about €1 million and facilitated the acquisition of 11 BTC. One might say, it’s like finding a small fortune in the back of a sofa. Additionally, the company completed a convertible bond issuance through its Luxembourg subsidiary, raising €10 million to acquire 105 BTC. The Blockchain Group reported a year-to-date BTC Yield of approximately 1,348.8%, with a BTC Gain of about 539.5 BTC and a BTC € Gain of roughly €49.7 million. The average acquisition price for the total BTC holdings is approximately €90,332 per bitcoin. Quite the bargain, wouldn’t you say? 🤑
Let’s spill the fizzy stuff: Coinbase, that raucous crypto bazaar, has shimmied its way back up to $380, according to the data elves at TradingView. Picture this as Willy Wonka handing you back your golden ticket after Augustus sat on it. It’s a comeback story good enough for the BFG’s bedtime tales!
The Russian Ministry of Energy, Federal Tax Service (FTS), and Ministry of Digital Development have joined forces to create this register, because, as we all know, unity is strength 💪. Deputy Energy Minister Petr Konyushenko confirmed that this register has already been dispatched to regions experiencing heightened miner activity, because who needs secrecy, anyway? 🤫
Crypto YouTuber Lark Davis is practically bouncing with excitement, predicting a “parabolic move” (whatever that means – sounds like something you’d do on a pogo stick 🤹) that could propel Bitcoin to a whopping $250,000 in the next few months. Steady on, Lark, old chap!
XRP price, in a display of defiance against the likes of Bitcoin and Ethereum, began a fresh increase after settling comfortably above the $2.250 level. The price, with aplomb, managed to ascend above the $2.2850 resistance level.