For weeks now, Bitcoin’s been stuck in this weird financial purgatory between $104K and $116K. But here’s the tea: OG whales are dumping their BTC faster than you can say “Ethereum.” ETH, with its shiny $4,383 price tag, seems to be the new belle of the blockchain ball. Who knew whales could get FOMO too? 🐳✨
Ah, but let us turn our attention to the chart they so graciously provided in their post, which depicts the concentration of wealth among eight cryptocurrencies in recent months. Behold, if you will, the visual representation of inequality:
Что же это такое? Представьте себе: вместо того, чтобы держать Ethereum в руке, вы покупаете специальный магический талисман – опцион на Ethereum, – через который ваше богатство движется, как волны по морю криптовалютных волнений. И, чтобы не скучать, герой наш раз в две недели рассылает вам фиксированную прибыль – словно карманный фокусник, только вместо кролика у него деньги! 🤑🐇
On the fourth day of September, the illustrious Grayscale Investments made a grand announcement, declaring the arrival of its Grayscale Ethereum Covered Call ETF on the esteemed NYSE Arca. Trading under the charming ticker ETCO, this actively managed fund shall not hold the fickle Ether directly, but rather, it shall engage in the sophisticated practice of writing, or selling, call options on spot Ethereum ETFs, with a particular fondness for the Grayscale Ethereum Trust ETHE and the Grayscale Ethereum Mini Trust ETH. 📜,
Ethereum spot ETFs, much to the dismay of their investors, posted $38.2 million in net outflows on the third of September, marking the third consecutive day of redemptions. According to the ever-so-reliable SoSoValue data, the day’s negative balance was largely driven by BlackRock’s ETHA fund, which recorded outflows of about $151 million. One can only imagine the consternation this must have caused among the fund’s managers. 😬
Of course, everyone’s expecting signs of a cooling job market because apparently, when it comes to jobs, “cool” is now code for “slower.” And if that happens, well, brace yourselves for potential interest rate cuts, stock rallies, and Bitcoin moonshots-or so the optimists say. But hey, this is crypto; nothing ever goes according to plan. 😉
According to DefiLlama (yes, that’s a real thing), Pump.fun surpassed Hyperliquid on September 4th. Imagine Hyperliquid’s face when they saw the numbers-probably the same look I had when I realized I’d been putting my shoes on the wrong feet for a week. 👟👟
Legend has it that this kindly serpent of a wallet last stirred up the waters of the virtual tavern in the early days of 2012-back when the mysterious Satoshi Nakamoto waved farewell to our quaint Bitcoin bazaars, likely off to chase unicorns or trade dragon eggs.
Crypto sage Elan Mint, a man who probably owns a cape and a crystal ball, declared with the gravitas of a prophet:
Imagine! Galaxy Digital, in an exquisitely choreographed dance, dispatched these ether-filled parcels, averaging between 2,200 to 3,300 ETH each – like a generous uncle handing out horseradish at a family feast. One can’t help but marvel at such munificence wrapped in cryptographic finery.