Before you get your hopes too high, no, this isnât their first rodeo. No, theyâve already flashed their digital bits on Solana, BNB Chain, and Tron. Because when in doubt, spread the chaos! Behind the curtain is Backed Finance, a real-world asset (RWA) tokenization wizard. They’ve been cozying up with crypto giants like Kraken and Bybit-probably exchanging virtual high-fives and promises of world domination.
So hereâs the deal: Crypto exchange Kraken and some Swiss company named Backed decided Tuesday to sprinkle their xStocks portfolio onto Ethereumâs network. The idea? Mix stocks into the DeFi stew and see what bubbles up. Spoiler: probably confusion.
Dans ce grand spectacle mensuel, le Chairman Tom Lee, notre mage suprĂȘme, a encore une fois daignĂ© nous gratifier de sa prĂ©sence dans âLe Message du PrĂ©sidentâ. Comme toujours, ses paroles sont empreintes d’une telle profondeur qu’on pourrait presque y voir le fond… de la mer!
This corporate titan now boasts the second-largest stash of Ether in all the world, trailing only behind the monstrous BitMine Immersion’s 1.7 million ETH. Oh, the irony! Companies hoarding more digital ether than some countries have in their treasuries. SharpLinkâs strategy? Convert every dollar they raise into Ether-because whatâs lower than money? Digital bits and dreams! Theyâve turned their SBET stock into a crypto mirror, reflecting the splendid future of decentralized chaos. A jolly game of âletâs pretend we understand this,â but donât worry, your shares are just as backed by ETH as a politician’s promise!
Bitcoin treasury whizzes, formerly known as MicroStrategy (because âStrategyâ sounds cooler, right?), dropped a bomb on the U.S. Securities and Exchange Commissionâs 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, âHey shareholders, we got this… maybe.â
Remember when Japan hit a bit of a rough patch economically? đŹ Metaplanet did, and instead of crying into their sake, they started dabbling in Bitcoin like itâs the perfect rebound. Fast forward to now, and theyâre 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). đŠ§
Forbes, the publication that turned âbillionaireâ into a cultural obsession, has drawn a line in the sand-and itâs not because theyâre bad at math. đ§ź
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 itâs sitting pretty at over $100K, after a July ATH of $123K. Thatâs like turning your couch cushions into a mansion. đ°đ°
