Crypto news

Let’s start with the obvious: institutions have decided to throw their weight around like they’re in a cosmic game of fetch. Nasdaq-listed VivoPower just raised $19M to expand its digital asset treasury, which is either a masterstroke or a very expensive hobby. Meanwhile, Japan’s SBI Holdings is extending its XRP lending program, because nothing says “financial stability” like asking a bank to lend out your crypto like it’s Halloween candy. 🎃

According to Morgan, every institution applying to launch an XRP exchange-traded fund (ETF) has publicly disclosed in their SEC filings that the XRP Ledger operates as a

The new directive is just temporary, as Congress is still figuring out how to tax digital assets, but hey, it’s progress! 🧐

The so-called boost has coincided with cryptocurrency ETF inflows, which have soared like a bluestocking at a rowdy gentlemen’s club. Institutional allure seems to be growing, suggestive of a trend mimicking a posh seaside resort’s seasonal variability – optimism as fickle as the evening’s weather. Yet, one ponders if ETH might wither beneath this glamour, without facing the inevitable scowl of market volition at just above $4,300. 🌧️📉

Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze-or a cosmic game of “oh, the irony!”

Hold onto your hats, folks! AVAX just strutted into the spotlight with a whopping $675M business combo that’s all set to inflate its treasury assets to over $1B! Yes, you heard that right – $460M is practically raining down from the heavens, proving that the big boys are pinning their hopes on Avalanche. Isn’t it adorable when institutions take a fancy to something? 🥳

Indeed, the price of Solana has elegantly re-entered its breakout zone near $210, keeping its trendline as steadfast as a well-behaved debutante. Fibonacci extensions, ever the seers, have set their sights on the $320 to $360 range as possible future heights. Should these higher lows continue to waltz in from the late summer, we might just see the bulls gather more strength, making this performance all the more thrilling.

Lo, the price of Bitcoin stands firm above $118,500, a testament to the unyielding faith of its adherents. 🌟 Yet, let us not forget the sharp gains, the post-halving rally, and the traders’ whispers of destiny. “It always rises,” they say, as if Bitcoin were a phoenix, not a mere digital trinket. But beware! For in this world of uncertainty, even the stoutest of assets may stumble, and the laugh shall be on the optimists.

Open Interest (OI) has been throwing a comeback party, surging from $77 billion to $86 billion. CoinGlass, the crypto oracle of all things data, says it’s the financial equivalent of everyone at the blockathon shouting, “One more round!” Historically, BTC has always rallied when OI gets its groove back. Coincidence? No. Magic? Probably not. But hey, who needs sleep when you can chase gains? 💸

Oh, darling, AlloyX has unleashed this wacky beast called a tokenized money market fund on Polygon, like shoving grandma’s knitting needles into a rocket-apparently blending stodgy old custody with blockchain shenanigans. It’s all about luring those real-world regulated assets onto the chain, slapping compliance and yield goodies onto decentralized finance so it smells less like anarchy and more like a boardroom fart. 📈🤢