Leading this merry caravan, Fidelity, like a greedy magpie, dutifully hoarded over $100 million into its FBTC treasure chest. The ever-ambitious VanEck and the formidable BlackRock, ever the respectable bullies in the playground, followed suit, while Grayscale and Bitwise—those industrious little beavers—squeezed their share of the action too.
These so-called “sleeping bitcoins” slumber quietly in wallets, untouched for years—nay, decades! Such wallets, from a time when kings and commoners alike were baffled by the mere concept of blockchain, are scrutinized like a hawk watching its prey. What is it that stirs the heart of these long-dormant coins? Could it be a routine access recovery, or perhaps a delightful repositioning from some faceless institution? 🤔
In total, over 410.75 trillion SHIB have been burned from the original supply. However, the meme coin’s circulating supply remains high at around 584.5 trillion, keeping inflation pressures present. 📉📉
Ah, what a glorious third-place finish in the liquidation derby on Binance this year—XRP’s longs got wiped out with all the finesse of a clown tripping over his own feet! 😂
Bloomberg, that paragon of journalistic integrity, reports BitMine’s 566,776 ETH hoard (valued at $3,643.75 apiece). A staggering testament to faith—or madness. Tom Lee, BitMine’s managing partner, proclaims this a “long-term vision,” as if Ethereum’s future is a divine decree. The company, he claims, is hurtling toward ownership of 5% of ETH’s supply. A quest worthy of a tragic hero… or a fool. 😅
Ethereum’s [ETH] sharp breakout above $3,700 resulted in over $160 million in short liquidations on Binance. 📉 A most lamentable affair for those who dared to bet against the tide!
Yet, beneath this apparent chaos, the on-chain metrics whisper secrets of a possible reprieve. Exchange reserves, once swollen with tokens, now shrink like a miser’s heart at a feast. Whales, those modern-day tsars of the crypto seas, have been quietly amassing their treasures. And the ancient tokens, long dormant, now stir less—perhaps contemplating retirement or a quiet sip of tea. ☕🐋
According to Shady El Damaty, CEO of Holonym and expert in zero-knowledge cryptography, the World Network’s centralized infrastructure makes it particularly vulnerable to data leaks and exploitation. Given the project’s global reach, the consequences of such breaches can prove catastrophic. Because nothing says “trust us” like turning your eyeballs into crypto! 💸
On the sacred day of July 23, Hayes unfurled his vision on Substack, a digital parchment where the secrets of the universe are often scribbled. He paints a picture of a world where the United States, under the shadow of wartime economic policies, embarks on a grand experiment of credit expansion. This, he posits, will not only fuel “asset bubbles” but will do so with a particular fondness for cryptocurrencies, with Ethereum basking in the glow of this newfound favor.
Chalom’s LinkedIn, that modern-day scroll of CV gospel, claims he’ll “shape global strategy” for Sharplink’s public markets and Ethereum ventures. A noble quest, indeed, especially as BlackRock’s ETHA ETF galloped past $10 billion faster than a Cossack on Red Bull. 🏇
