Investment Policy

Longtime Bitcoin owner Owen Gunden is said to have sold an additional 650 BTC worth about $46.3 million just 10 hours ago, contributing to a larger distribution pattern that has been developing over the past few months. This most recent deal comes after a previous significant liquidation in which Gunden sold about 11,000 BTC, or about $1.12 billion, making it one of the most prominent whale exits in the current cycle. Clearly, Owen’s got a date with Kraken, and it’s not for a cozy dinner.

Now, who do we point our fingers at? The US Federal Reserve, of course! Those jolly folks are always good for a bit of blame. But wait! There are some ancient OG whales throwing their hefty BTC portions overboard as well. Talk about a mass exodus!

According to Arkham Intelligence (yes, that sounds like a Batman spinoff), Druk Holding has been busier than a bee with a credit card. The latest moves? Just Bhutan being Bhutan, casually offloading Bitcoin like it’s last season’s fashion. Hot tip: maybe check if it’s still in style before you sell, guys.

Cybersecurity experts are raising concerns about a new feature from Coinbase. The company’s merchant recovery tool asks users to enter their sensitive seed phrases directly on the withdrawal page, which is considered a dangerous security practice.

The SEC’s filing, a tome of bureaucratic poetry, declares that Nasdaq may now proceed with its “eligible participants,” who shall dance the dance of trade in either traditional or tokenized form. A platform for all seasons, where the old and new waltz in uneasy harmony.

Over the past week, Solana has been on a rollercoaster that would make even the bravest Ankh-Morporkian think twice. Up 22% from its March sulk, it’s broken free from its multi-week mud bath between $77 and $92. Yes, it’s been stuck in that range like a troll in a treacle mine, but hey, who’s counting?

Through a union most strategic with Armada Acquisition Corp II (Nasdaq: AACI), a special purpose acquisition company (SPAC), Evernorth aspires to claim the title of the largest publicly traded XRP treasury in all the land. A watershed moment, indeed, for the XRP ecosystem, though one cannot help but wonder if such grandeur shall prove a blessing or a trial.

In a missive conveyed through the modern contraption known as X, the Algorand Foundation, that venerable steward of the layer-1 blockchain network, announced with heavy hearts the dismissal of a quarter of its devoted staff. This announcement, rather like a well-placed jest at an ill-timed dinner party, was described as a decision that “was not taken lightly,” which we might interpret as a rather formal way of saying, “We had no choice.”

In a post upon the hallowed platform of X, EGRAG christens the affair “Ascending Triangle vs Zone 1 (Decision Time),” a title as dramatic as a Tolstoyan epilogue. The chart, a mere parchment of numbers, reveals XRP/USD languishing beneath a blue resistance band, while a rising trendline suggests buyers, ever the gallant knights, rush to defend their realm. Yet, one must ask: is this not the same old song, sung with a different set of keys?