With this latest purchase, Bitmine’s total ETH stash has swelled to an impressive 4.976 million tokens. Their combined crypto and cash position now sits at a staggering $12.9 billion, according to the announcement made on April 20. It’s like a game of Monopoly, except they forgot to pass go and just decided to collect all the properties instead.
Key Takeaways:
During this period, trading in Ethereum futures and options has largely favored sellers. The amount of buying pressure, measured by net taker volume, has consistently been lower than selling pressure.
But wait! An Arab Chain report throws a wrench into this fairytale, posing the all-important question: Is anyone actually buying this recovery, or are we just riding a really wobbly bicycle?
As a crypto investor, I’ve been following the news about Kash Patel, and it’s pretty wild. The FBI director is actually suing The Atlantic for $250 million over an article they published. Apparently, Democrats are demanding the director’s resignation because of it. From what I understand, the suit claims the article was a deliberate attack on Patel’s reputation, designed to get him removed from his position. It’s a big legal battle and definitely something to keep an eye on, especially considering the potential impact on public trust and how these things can influence markets – even crypto.
Bitcoin, that incorrigible rogue, held steadfast above $76,000 on Monday, rebounding from its overnight lows as the broader crypto market maintained a semblance of composure, despite the war drums beating in Iran. The largest cryptocurrency climbed a modest 2.4% over the past 24 hours, recovering from a dip below $74,000 earlier in the session. Ether, XRP, Solana, and their ilk followed suit, as the broad-market CoinDesk 20 rose 1.7%.
A recent ruling by the US Supreme Court on tariffs has unshackled NVIDIA’s import chain from the shackles of cost excess. The next 1.5% movement in price will determine whether the 23% pole projection rises from the ashes of speculation.
Lido Finance, a platform for liquid staking, announced on Monday that about $21.6 million of assets – almost 9% of its EarnETH vault – were impacted by a security issue related to the Kelp DAO bridge. This follows an attack on Kelp DAO reported on April 18th, which the protocol is still dealing with.
Ah, the delightful drama! Reports emerged indicating that our dear friend Justin Sun had lost access to a rather sizable WLFI token holding, which, naturally, drew the attention of the market like moths to a flame.
The President, in a conversation with the estimable Miss Landers of PBS News, declared with his usual aplomb that should the ceasefire end on Tuesday, “then lots of bombs start going off.” One can only imagine the consternation this must have caused among the more delicate members of society, not to mention the financial markets. A delegation is reportedly preparing for further talks in Islamabad, though whether Iran will deign to attend remains a matter of some speculation. “They should show up,” Mr. Trump remarked, with all the confidence of a man who has never been stood up at a ball. “If they don’t come, that’s okay,” he added, before reiterating his firm stance that Iran must not acquire nuclear weapons, a sentiment with which even the most indifferent observer must surely concur.
