Crypto news

Bitcoin treasury whizzes, formerly known as MicroStrategy (because “Strategy” sounds cooler, right?), dropped a bomb on the U.S. Securities and Exchange Commission’s inbox. According to their fancy filing, they snagged 4,048 bitcoins between Aug. 26 and Sept. 1 – at a bargain basement average price of $110,981 each. They financed this little shopping spree by printing money in the form of Class A common stock and perpetual preferred shares. Basically, “Hey shareholders, we got this… maybe.”

Remember when Japan hit a bit of a rough patch economically? 😬 Metaplanet did, and instead of crying into their sake, they started dabbling in Bitcoin like it’s the perfect rebound. Fast forward to now, and they’re practically obsessed (& who can blame them?). The entire ¥555 billion fund, raised by selling preferred shares (because straight-up cash is too mainstream), is their golden ticket to buy even more of the flagship cryptocurrency.

In a bold move that suggests someone at Strategy has access to magical spreadsheets, the company snapped up 4,048 Bitcoin (BTC) for a wallet-busting $449.3 million between Aug. 25 and Sept. 1, as revealed in a US Securities and Exchange Commission filing (which, for some reason, never includes footnotes about orangutans). 🦧

Forbes, the publication that turned “billionaire” into a cultural obsession, has drawn a line in the sand-and it’s not because they’re bad at math. 🧮

According to CoinMarketCap, the gossip mill of the crypto world, XRP’s trading volume has spiked 23% in the past 24 hours. It’s like someone spiked the punch bowl at a party where everyone was already feeling a bit tipsy.

Remember when Bitcoin was worth less than your morning latte in 2010? Fast forward to today, and it’s sitting pretty at over $100K, after a July ATH of $123K. That’s like turning your couch cushions into a mansion. 🏰💰

The goal? To reduce supply, boost scarcity, and reward long-term holders. But critics are asking: Where’s the safety net? If every fee is funneled into burns, what happens when the market turns? It’s like playing a game of Jenga with a 100-story tower. 🪦

In their September 1 Market Outlook, these financial wizards put it rather bluntly: “Closing below $98k on this timeframe would turn weekly structure bearish.” But don’t reach for the smelling salts just yet, for they also add, “Above $98k weekly structure is still bullish and therefore we should anticipate the formation of a higher-low.” Phew, what a relief! 🙌

only fees raked in from WLFI-controlled liquidity pools scattered across Ethereum, BNB Chain, and Solana will be incinerated. Community and third-party liquidity? Untouched, baby.

According to the ever-reliable data from crypto.news, XRP (XRP) was trading at $2.79, a modest 3.1% increase in the past 24 hours and a whopping 56% surge from its lowest point this year. 🚀