The master plan? Just giving investors a taste of DOGE without actually having to carry a dogecoin puppy in their pocket. The prospectus (ooh, fancy words) names Spiro as the head honcho-probably with a big, shiny mustache-ready to steer this ship into the crypto sunset. And the structure? Still being fiddled with. But hey, crypto treasuries are the new black! 💼🚀
These keen-eyed folks at Cryptoquant and their data-gleaned from cryptoquant.com-reveal that the repositories of our dear stablecoins have swelled to a rather imposing $68 billion. Quite a pile, wouldn’t you say? And yet, the market capitalization, that rather vulgar display of numerical growth, has slowed to a leisurely pace. The combined holdings on those centralized exchanges peaked on August 22nd, a monument to inactivity, largely composed (as these things often are) of $53 billion in tether (USDT) and a comparatively demure $13 billion in USDC. A curious imbalance, don’t you think?
Mr. Takashi Tezuka, the country manager at the illustrious Web3 infrastructure provider, Startale Group, confided to the CryptoMoon that the disparity between Japan and the United States in matters of stablecoin governance reflects a profound philosophical divergence. “The GENIUS Act,” Mr. Tezuka remarked, with a wry smile, “elicited a mixture of relief and curiosity, for it signified that the United States had at last caught up with Japan’s prescient establishment of a comprehensive legal framework for stablecoins, a feat accomplished two years prior.”
Sure, the portal existed before, but now it’s been turbocharged with more bells, whistles, and doodads to turn developers into digital wizards faster than you can say “Marlowe” or “Plutus.”
Now, the big question: Is this dip just a blip, or is it the start of something truly horrifying? On-chain data and technical mumbo-jumbo suggest it might be temporary. Why? Because whales-the crypto equivalent of rich uncles-are stepping in to buy the dip. And they’re doing it with style (and about $1 billion worth of ETH).
Just as the Avalanche rocket was taking off, the U.S. Department of Commerce decided to drop some news. They’re putting the U.S. real GDP numbers on nine different public blockchains. You know, just casually slapping it on Bitcoin, Ethereum, Avalanche, Solana, and a few others. It’s like they woke up one morning and thought, “Hey, what if we make America’s economic data immutable and basically impossible to change?!” So, thanks to this, the U.S. can now proudly say it’s the “blockchain capital of the world”-well, at least according to President Trump’s vision. 🦸♂️
According to CryptoQuant, Bitcoin’s long-term holding trends are a bit like a worn-out pair of shoes – they show signs of wear and tear. The current Phase 3 cycle is displaying a gradually flattening uptrend and a lengthening cycle. It’s like watching a slow-moving train 🚂, but with more zeros and commas.
AMBTS, a stand-alone corporate Bitcoin treasury as European as a croissant, aims to give institutional investors a regulated taste of the crypto pie. The €20 million? Just the tip of the iceberg. They’re gunning for a hard cap of €30 million by September 2025. That’s right, they’re not just dipping their toes in-they’re cannonballing into the Bitcoin pool. And get this: they’re already prepping for an IPO on the Euronext Amsterdam stock exchange. A public listing, they say, will let investors ride the Bitcoin wave without getting their feet wet in the crypto sea. 🌊
This scheme guarantees, of course, “greater transparency,” which is just a fancy way of saying, “We’ll make your data more accessible, even if nobody fully understands what it means.” Decentralized finance (DeFi) and big institutions get a shiny new tool-an Orwellian beacon of truth or maybe just a reason to watch the prices climb as everyone bets on a miracle rally. Ah, the promise of reliability-because nothing says trust like feeding government stats into a blockchain that can’t even decide if it’s morning or evening. 🚀🤡
Now, for those of you who prefer your news straight from the horse’s mouth (or at least from a community of Cardano enthusiasts), the Cardanians – who, no doubt, are fine upstanding citizens of the Cardano kingdom – have been keeping their eyes peeled. According to them, the SEC’s most recent decision was to extend its review of Grayscale’s spot Cardano ETF by a few months, pushing it back until late October. How thoughtful of them. It seems the SEC is taking its time, like a cat lazily considering whether or not to knock over a vase. 🐱
