Hot off the samovar: @Grayscale waves S-1s for Cardano and Polkadot like declarations of love to the SEC bureaucracy. Of course, these aren’t virginal; Grayscale already tossed in 19b-4s once-because what’s ETF paperwork if not endless repetition?
The other cryptocurrencies were mostly doing that thing they do – existing. Some were sluggish. Some were even slower. Except CRO, which, having apparently been blessed by… well, significant people, decided to have a bit of a burst. From a measly $0.15 to $0.38? Honestly, the sheer audacity. It’s almost as if the universe is mocking our attempts at logical financial planning. 🙃
BONK’s trading at a humble $0.00002234 – up by nearly five percent in one day, yet losing ground over the week like a stubborn mule refusing to move forward. Its worth sits proud at $1.8 billion, with the trading volume shooting up over two hundred percent, making the market swallow a whole $632.9 million in just 24 hours. The price danced between $0.00001972 and $0.00002327, like a jitterbug in a dust storm.
Apparently, the big fish-aka whales-decided to throw a tantrum and sell like there’s no tomorrow, pushing prices down faster than a viral TikTok trend. Binance was basically the scene of the crime, with traders saying, “Yup, that’s where the party (and the loss) happened.” Some giant accounts made a quick dash, hitting stop orders so fast that even the flashiest Instagram stories would be jealous. 🚀
The legal team at Pomerantz LLP probably needed a stiff drink after filing this one back in May. Accusing Strategy of “misleading statements” is like blaming a cat for knocking over a vase-*obviously* chaotic energy, but did you really expect stability? 🐈⬛
Gone are the days of small, cautious steps. No, no. Gumi’s new strategy is like a sudden, wild jump into the pool, which has now become a trend in the corporate crypto world. It’s more than double their previous ¥1 billion Bitcoin buy, a reminder that no one ever really knows which direction to run in this digital race. Clearly, XRP’s appeal is growing, but is it enough to turn a profit? Only time (and a lot of market volatility) will tell. 😬
The price drop seems to coincide with a market-wide mood swing. On one hand, Flare’s Learn & Earn campaign with Revolut has sparked long-term optimism among users (all 400,000+ of them). But on the other hand, the restriction on immediate FLR reward withdrawals has left short-term speculators feeling like they’ve been handed a “free lunch” coupon that only works in 2035. 😅
“By dividing our treasure into bite-sized morsels,” proclaimed the Bitcoin Office via X, “we ensure that if a quantum sorcerer does strike, only a crumb of our feast shall be devoured!” Each wallet, they boast, holds no more than 500 BTC-a precaution as logical as hiding cookies in separate jars to confuse a future cookie monster. 🍪
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?
