It seems the winds of geopolitical change have blown favorably, lifting global markets like a soufflé in a well-timed oven. While the Chinese stocks in Hong Kong are donning their bull market attire and the S&P 500 is flirting with its February highs, Bitcoin is eyeing a new all-time high (ATH) with the enthusiasm of a puppy chasing its tail.
The big reveal came from none other than Charles Hoskinson, the founder of Cardano, on June 9 via X. It’s like he announced a new flavor of ice cream, but instead, it’s a protocol that lets Bitcoin (BTC) holders lend, stake, and borrow without the pesky interference of traditional custodians or centralized bridges. Because who needs those, right? 🙄
155,000,000 DOGE just got transferred to Robinhood. You know, the place where you can trade stocks and pretend you’re a financial genius. This transaction came from some anonymous wallet, which is just a fancy way of saying, “I don’t want anyone to know I’m the one making this ridiculous move.” Classic whale behavior! 🐋
In a recent missive on the platform known as X, the esteemed DeFi oracle, Sentora (formerly known as IntoTheBlock), has shed light on the curious phenomenon of Bitcoin’s Exchange Netflow. This metric, dear reader, is akin to a ledger of sorts, chronicling the comings and goings of Bitcoin from the wallets of centralized exchanges. One might ponder, what a riveting tale it tells!
Now they’re sitting on 920 BTC—worth approximately $91 million—and it’s all thanks to a fancy purchase at an eye-watering average price of $107,861 per coin (including the hefty fees). Basically, they’re playing the long game, buying high and dreaming of a Bitcoin paradise while the rest of us sweat over market dips. 🥴
As it stands, this company possesses a veritable treasure trove of 1,471 BTC, valued at approximately $158 million. This includes a recent acquisition of 624 BTC, alongside the 847 BTC that already graced its treasury like jewels in a crown.
Excluding the rather dreary past four days, the netflows of Ethereum’s Spot ETF had been, for the most part, positively inclined over the preceding six weeks. Yet, these substantial inflows proved utterly impotent in halting the ETH price’s descent from $2,667 to a mere $2,414 earlier this month. Oh, the irony! 😅
With the finesse of a blind bull in a china shop, these scammers used shell companies and U.S. bank accounts to rake in the cash. They then turned the stolen money into USDT, because what screams “criminal” louder than a digital token disguised as a safe investment? From there, it was off to Cambodia, the promised land for scam artists, where the funds vanished faster than honest money in their hands. The US Attorney’s Office in California pronounced their shame, but let’s be real — those guys probably laughed all the way to their crypto wallets.
Now, hold onto your hats, because the latest on-chain data is suggesting that our beloved crypto asset might just be gearing up for its next big leap. Yes, folks, the indicators are flashing green, and bullish sentiment is in the air like a whiff of freshly baked cookies. 🍪
In a plot twist worthy of a mediocre sci-fi novel, XRP has formed a base and started a fresh increase from the $2.050 zone, much like its more famous cousins, Bitcoin and Ethereum, who are probably too busy partying to notice.
