Crypto news

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. SharpLink’s strategy? Convert every dollar they raise into Ether-because what’s lower than money? Digital bits and dreams! They’ve turned their SBET stock into a crypto mirror, reflecting the splendid future of decentralized chaos. A jolly game of “let’s pretend we understand this,” but don’t worry, your shares are just as backed by ETH as a politician’s promise!

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.