Bitcoin Investors Abandon Arbitrage: Long-Term ETFs in Vogue Amid Market Shenanigans

Once, the clever moneymakers purchased the spot Bitcoin ETFs only to short the futures, playing a game of hide and seek with mispricing – a sort of financial Frodo risking the One Ring. But alas! The price gaps have shrunk faster than a summer prune, and the funding costs have risen, making their once lucrative dalliance resemble a ruined soirée. The arbitrage funds are slipping away like scandalous whispers at a dinner party.

Canaan’s Stock Plunge: A $1 Delisting Drama Unfolds 🚨

Last week, Canaan issued a statement that probably made investors groan louder than a dial-up modem. They confirmed receiving a formal “you’re failing” letter from Nasdaq about violating Listing Rule 5550(a)(2)-the rule that demands a $1.00 closing bid price for 30 straight business days. Because nothing says “stability” like a stock that can’t even hit a dollar. 💸

Lets’ sprinkle some ‘cabernet’ on this crypto conundrum! 🍷✨

“It’s an exercise in pure intellect,” says he, as if brandishing a quill amid the rustling leaves of crypto revolutions past. “Seems our dear Brad is quite the incarnation of the principle himself, with genuine ardor and amiable concern. The cypherpunk spirit is aflame in him, ostensibly attempting to champion the noble intentions of our beloved technology.” What a delicate dance of words it is!

Vitalik’s Shocking Ethereum Plan! 😲

However, it appears Mr. Vitalik Buterin, that esteemed co-founder, now proposes a most peculiar course – a retreat, as it were. He dares suggest that Ethereum’s continued existence demands precisely the opposite of such expansion. Such a notion! ✨