It looks like Scott’s been a bit busy in the news today, after confirming that the reserves, which came to life thanks to President Trump’s March Executive Order, might be getting a boost through strategic acquisitions. Hold your horses, though – originally, the plan was for these reserves to be packed with only Bitcoin from seized assets. 😲
Most polite people withdraw money from a bank with a modest cough and a queue ticket. Ether whales prefer the theatrical style: seventeen-and-a-bit thousand ETH yanked out of Kraken faster than you can say “liquidity crisis cappuccino”.
Two brand-new wallets, still with that fresh-parchment smell, siphoned off 71,025 ETH in three days. One of them, 0x2A92, has the air of a dragon building its hoard-53,434 ETH clutched so far, and a mere 30,069 ETH bought during the dip “because it was on sale, obviously”.
What does this mean? Well, the Fed is basically saying, “We’ve learned enough, the crypto world is no longer our playground, and we’re going back to our old, boring routines-notice the stop sign, folks!” 🎉
In the sultry days of mid-August, Ethereum flexes its muscles with a bullish sentiment so robust, it could rival the bravado of a peacock in full display. 🦚 Spot Ether ETFs have seen demand so extraordinary, one might suspect they’ve discovered the Fountain of Youth. 💰 Inflows exceeding $3 billion in a fortnight? My word, the coffers are overflowing! 🏦
The researchers, in their infinite wisdom, constructed a meticulous bottom-up economic model, obsessively fixated on Bitcoin’s hard cap of 21 million coins, daring to toy with the complexities of demand and the quirks of investor psychology. They humbly propose that $4.81 million should be viewed not just as a probable ceiling but as the bare minimum-an optimistic threshold rather than a mere figment of imagination!
Derivatives trading experts (yes, those wizards in suits) told BeInCrypto that this pre-halving price surge is likely here to stay. Bitcoin has grown up, left its rebellious teenage years behind, and moved into the world of institutional finance. The days of retail-driven cycles are fading like a cheap tattoo in the sun. ☀️📉
According to the latest filing, the offering consists of 10 million shares-two million from the company itself and a whopping eight million from early stakeholders, including the illustrious CEO Jeremy Allaire. One can only assume he’s polishing his trophy for “Most Eager Insider.” 🏆
Alas, XRP’s recent performance is a masterclass in mediocrity, lagging behind Bitcoin and Ethereum like a toddler trailing a marathoner. The altcoin’s sideways shuffle suggests it has mistaken its price chart for a game of hopscotch. Yet, as the ever-insightful MadWhale quips, “Every great leap begins with a yawn.”
The company behind the USDC token is selling 2 million shares of Class A common stock, according to a filing with the SEC. The other 8 million are being sold by people who already have too many shares. 🤷♂️
In a recent missive on X (formerly known as Twitter), the renowned crypto analyst, Rekt Fencer, boldly declared that Ethereum’s price is “programmed” to soar to the dizzying heights of $15,000. To elucidate his prophetic vision, he kindly provided us with a quintet of reasons that shall, no doubt, set the stage for this meteoric rise.