Last week, the Bitcoin ETFs found themselves gorged with an abundance of greenbacks as the illustrious price of Bitcoin surged towards ethereal new all-time highs, like some ecstatic troubadour at the peak of his fame. Clearly, capital is not merely a currency; it is a melody that compels one to dance! 💃
According to Hougan, the amount of Bitcoin held on exchanges is at its lowest in years, suggesting that selling pressure has significantly diminished. Meanwhile, inflows from ETFs, corporations, and even governments are accelerating, adding fuel to the upward momentum.
In an enlightening tête-à-tête with the venerable CNBC Television, Mr. Reeves expounded upon the recent prodigious heights of Bitcoin’s market cap, attributing this ascent to an alluring cocktail of robust institutional interest and a most limited supply. Quite the spectacle, is it not? 🍸
Lo and behold, the 1inch [1INCH] has embarked on a meteoric rise. After a couple of months of tranquil slumber from March to June—where it languished at the humble realms of $0.15-$0.25—our brave altcoin erupted skyward on the 11th of June, much like a phoenix at a particularly uncomfortable family reunion.
Even more curious is the fact that this rally has failed to provoke the usual instinct to sell—investors seem surprisingly composed. Kind of like someone at a buffet who, despite all the delicious options, just sips their water. 💧
But hold your horses! 🐎 For in this grand spectacle, Bitcoin has boldly trampled upon silver, casting aside its glittering veil to reveal a market valuation of $2.199 trillion. With a staggering 106% superiority, one must chuckle at the forlorn fate of silver. Once the cherished safe-haven asset, it now watches in despair as this ‘digital gold’ claims the spotlight! Who knew precious metals could be so… passé? 😂
The global bitcoin mining heat map, that clever tool of the digital cartographers at hashrateindex.com, paints a vivid picture of where the true power lies. The United States, marked by the map’s darkest shade, still holds the crown, commanding a 35.81% share of the global hashrate. But for how long? 🤔
But let’s not get ahead of ourselves. The real star of the show was H100 Group, which managed to rake in a whopping $54 million. That’s more than the GDP of some small countries, and it’s not even the end of the month! Finance and banking ventures, it seems, are the life of the party, accounting for nearly half of the week’s total deal flow. Investors, it appears, are still betting on real-world utility and infrastructure as the next big thing in crypto. Who knew building something useful could be so… profitable? 🤑
Its model is built around transparent, predictable supply reduction. This strategy not only supports long-term price stability but also reinforces many of the values that inspired Web3 itself: trustlessness, transparency, and true ownership. It’s like a well-tailored suit in a world of fast fashion. 🎩
The DOJ has rounded up 324 defendants in an alleged $14.6 billion fraud scheme that’s as complex as a Russian novel. It involves fake billing, kickbacks, and enough opioid peddling to put a smile on the face of a pharmaceutical executive (just kidding, those guys are never happy). 😒