Behold, Valour Digital Securities, a subsidiary of the enigmatic DeFi Technologies (DEFT), has birthed its bitcoin staking exchange-traded product (ETP) upon the hallowed grounds of the London Stock Exchange. A product, mind you, that has already been frolicking on Deutsche Börse’s Xetra platform since Nov. 5, 2024, like a precocious enfant terrible of the financial world. 🌍
According to the official tittle-tattle from IG’s drawing room, they’re snapping up a 70% stake for AUD 109.6 million, with a cheeky AUD 15 million chaser if the exchange behaves itself by 2026. 🕵️♂️ Apparently, this little escapade is meant to fling open the doors to the Asia-Pacific market, where IG has been itching to show off its dancing shoes. How très chic!
Meanwhile, Ethereum (ETH) is having a *meltdown*, down over 1%, trading around $4,535. 💔 The poor dear tried to rally above $4,600 but was pushed down by those pesky sellers. Ripple (XRP) is also down over 1%, trading around $3.03, while Solana (SOL) is *marginally up*, trading around $245. 🌞 Dogecoin (DOGE) is down just over 1%, and Cardano (ADA) is up almost 1%, trading around $0.909. 🦮 Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) are all having their moment in the sun. ☀️
Well, buckle up! There’s hope-like finding a dollar in your old jeans pocket. If PUMP hits those lower liquidity zones, they might just be the kind of “demand areas” that push the price up like a tired balloon getting a second wind.
According to the clever clogs at Deribit, Bitcoin’s options expiring today are worth a cool $3.5 billion, with a Put-to-Call Ratio (PCR) of 1.23. 🧮 That’s right, more puts than calls-a bearish growl in the crypto jungle! 🐻 The “maximum pain level” (oh, the drama!) is $114,000, and with Bitcoin currently prancing at $116,792, it might just take a tumble. 🪂
Bitcoin’s stuck between two price levels like a confused mime in an elevator. Traders could lose big-either crying into their caviar or popping champagne like they just won the lottery. 🍾
Scotti, with the fervor of a prophet, insisted that stablecoins-those shimmering tokens of digital gold-issued beyond the EU’s borders yet redeemable within its realm demand a compass to navigate the treacherous waters of user protection and market stability. 💸
Oh, but wait! ARK Invest didn’t just dip its toes in-no, no! It made an entrance so grand, you’d think they were buying up the whole stock market. ARK plopped down a sweet $162 million worth of shares in Brera Holdings, which, in a bold move, rebranded itself as Solmate. Just *because* branding is everything, right?
I recently learned about this new fad in the ever-darkening world of cyber-espionage. Binance co-founder and former CEO Changpeng “CZ” Zhao has warned the crypto elite about the craftiest of the cyber world’s impersonators: North Korean hackers posing as eager job applicants. And, wouldn’t you know it, they’re as charming as they are cunning. They really do want those dev, security, and finance roles.
Lo and behold! On the great day of Thursday, the markets witnessed the triumphant arrival of two ETFs, nobly tied to the payment dandy XRP and the merry rogue, Dogecoin! They burst upon the American stage with volumes that would make even a miser surrender his purse.