Once again, El Salvador makes headlines, not for its beaches, but for its Bitcoin stash! The nation’s National Bitcoin Office (ONBTC) announced on Friday that it’s moving its precious coins into various addresses. Over 6,285 BTC are to be split and scattered across multiple locations, each containing a mere 500 BTC-for the sake of security, of course. 🌐🔒
According to Nikkei, Japan Post Bank is preparing to introduce a digital deposit currency for its account holders by 2026. A year from now, we shall all be wealthy, or at least less confused. 🎉
This apocalyptic aria was amplified by none other than Mr. Max Keiser, a gentleman whose fervor for Bitcoin (BTC) rivals a debutante’s passion for the latest Parisian bonnet. He implores investors to “flee to El Salvador,” a suggestion that may strike some as excessive until one recalls El Salvador’s recent embrace of crypto as legal tender. A digital Noah’s Ark, if you will. 🚢
Blockchain analysts at TRM Labs have noted that from January to July 2025, total cryptocurrency inflows into Iran amounted to a mere $3.7 billion, marking an 11% decrease from the same period in 2024. But wait, it gets better-or worse, depending on your perspective.
Now, all eyes turn to the trading debut of WLFI, a governance token tied to World Liberty Financial, the family’s flagship crypto vehicle. 🤡
The crypto market had a week that felt like a rollercoaster operated by a toddler with a penchant for loops. 🎢
While HBAR’s been falling faster than a teapot from a tall shelf, these big investors are adding more tokens to their treasure chests-clearly ignoring the screaming chart. But hold onto your hats, all is not sunshine and unicorns. Technical mumbo jumbo suggests we’re in for a bumpy ride.
Now, those futures! My word, they remain as thick as the fog in London! The aggregate open interest in Bitcoin futures on various platforms is hovering around the mid-$80 billion area! A bit hefty, wouldn’t you agree? The good folks at CME Group are making quite the splash, flaunting a staggering 141.78K BTC in open interest, to the tune of about $15.36 billion, bless their cotton socks.
But fear not! Whale activity over the past few days suggests that “digital gold” is merely taking a breather, like a dragon after a feast, before charging toward new all-time highs. Some say it could even hit $150K by the end of 2025-though whether that’s a realistic goal or a figment of someone’s caffeine-induced imagination remains to be seen.
According to the oh-so-wise President of NovaDiusWealth, Nate Geraci (no, I don’t think he’s a distant relative of Geraci from my book club, but we live in hope), BlackRock’s iShares ETH ETF has been raking in cash like it’s Black Friday! Utterly fabulous, right? But hold on to your sparklers, because on Friday, August 29, it seems the party took a rather *unexpected* turn. Cue the dramatic music! 🎶