Amid the swirling mists of political and financial intrigue, Yorkville and TMTG have embarked on a grand adventure, proposing a crypto ETF that could either be the dawn of a new era or a spectacularly misguided venture. 🌌
But plot twist: over the past two weeks, President Trump, FHFA’s Bill Pulte, Press Secretary Karoline Leavitt, random Congresspeople, and even Treasury Secretary Scott Bessent have decided Jerome’s starring days are numbered. The accusations? Mismanaging money, playing political puppet, and—gasp—renovating his office. The horror!
Apparently, somewhere out there, 463,000 BTC are lounging in secret government wallets. That’s 2.3% of all Bitcoin — or, as governments like to call it, “Friday night pizza money,” except it’s tens of billions of dollars. 🍕💸
Ethereum, the chief altcoin (because “chief” sounds way cooler than “most popular”), has seen a slight increase in its rate over the past 24 hours. I mean, 1.19% is basically a landslide in crypto terms 🌟.
Amidst this broader market retreat, the S&P 500 dipped 0.79%, the Dow Jones Industrial Average fell 0.94%, and the Nasdaq declined 0.92%. Yet, despite this short-term setback, MSTR has managed to climb 7.88% over the past month, mirroring the performance of the Computer and Technology sector and outpacing the S&P 500’s 5.22% monthly gain. A small victory in a sea of losses, one might say.
DigitalX, the only cryptocurrency fund manager listed on the Australian Securities Exchange (ASX), announced the successful completion of a A$20.7 million (US$13.5 million) strategic placement this week. And let’s just say they’re not messing around – the raise attracted some serious backing from industry players, including Animoca Brands, ParaFi Capital, and UTXO Management 💸.
Founding partner Nico Lechuga, a man of discerning taste and a penchant for the real, not the ephemeral, confided to Axios that Ego Death is not one of those fickle funds chasing after the latest token fad or hardware gimmick. “We’re in Bitcoin,” he declared, with a flourish that might have been mistaken for a magician’s wave, “investing in real companies solving real problems.”
Kobeissi, who boasts a staggering 938,700 followers on X, tells us that the corporate demand for Bitcoin is “incredibly strong.” Well, duh! Who wouldn’t want a piece of that sweet, sweet crypto pie?
The 50-day moving average for revenue has reached a new high, a testament to the steady growth in usage and network activity. It is as if the very fabric of the blockchain has been woven with threads of gold, each trade a stitch in the tapestry of prosperity. Daily revenue has been rising consistently, and PancakeSwap continues to outpace other protocols on BSC in both fee generation and user activity. The latest data shows that the platform is handling more trades and collecting more fees than any other application on the chain. 📈
According to the omniscient DefiLlama, that great sage of the digital realm, Binance, the behemoth of crypto exchanges, has seen a net outflow of a cool $1.22 billion over the past week. One can almost hear the sound of champagne corks popping in the distance 🥂.