BeInCrypto, with all the diligence of a detective on a particularly juicy case, has unearthed three altcoins that have caught the fancy of these big fish. It appears they’re quite convinced these tokens have a rather impressive upside narrative waiting to unfold in the coming months. One can only hope they’re not just pulling our leg!
Bitgo, founded roughly fourteen years ago, has built its reputation on fortress-like security, custody, and the quiet machinery that keeps cryptocurrencies from mischief. It oversees about $104 billion in assets under management and only lately took a seat on the NYSE, as one might attend a provincial play to see if the actors remember their lines.
Data from the shimmering vaults of the blockchain suggests that spot LINK ETFs have managed to hoard more than 1% of Chainlink’s total circulating supply, which, if we squint hard enough, amounts to a hefty market cap of $8.42 billion. This minuscule percentage translates to about $85.34 million in total net assets, which sounds impressive until you realize it’s just two sponsors, Grayscale and Bitwise, doing all the heavy lifting, like a couple of overachieving siblings at a family reunion.
Notably, BlackRock’s inflow contributed largely to lifting the ETF market from its gray exhaustion after five straight days of outflows. Beyond BlackRock, two other asset managers-WisdomTree’s BTCW and Grayscale’s BTC-each recorded modest reliefs of $2.8 million and $7.7 million inflows, respectively. The crowd watches, and the crowd smiles with a wry half-belief.
And don’t get me started on the analysts. They’re about as optimistic as a vegan at a steakhouse. The Altcoin Season Index? Down 20 points. Capital rotation into altcoins? More muted than a librarian at a heavy metal concert. It’s like everyone’s waiting for the party to start, but the DJ’s still stuck in traffic.
Ah, Clawdbot-now taking on the illustrious name of Moltbot-isn’t just facing an existential crisis but a full-blown security scare. Peter Steinberger, the man behind the curtain, recently found his GitHub and X accounts snatched faster than a pie at a county fair, all thanks to some crafty crypto scammers.
The rate of Cardano (ADA) has climbed by 0.71% over the last 24 hours, a modest ascent that could masquerade as a polite bow in a theater of digits.
The hourly chart reads like someone who started a victory lap and forgot to finish the lap. A bounce from a local bottom at $86,942 to a high near $88,880 gave momentum a wink, but it’s since faded, leaving small-bodied candles and lower volume to signal indecision-like a crowd at a magician’s reveal, waiting for the rabbit that never appears.
Now, before you start hoarding yen like it’s the new toilet paper, let’s be clear: rate checks are not a guarantee of intervention. It’s like checking the weather before deciding whether to bring an umbrella-you might still get soaked. But historically, this is how the powers that be dip their toes in the water before cannonballing into the pool of currency manipulation.
As I write these lines, Lighter [LIT] sits at 1.81, up 16.4% on the day. The price lift is painted with a 16% jump in trading volume, a chorus of voices claiming bullish momentum while the floorboards groan under the weight of optimism and fear alike.
