the filing comes after a crucial clarification from the SEC’s Division of Corporation Finance. They’ve decided that standard liquid staking activities, like those involving stETH, aren’t considered securities transactions. (I know, shocker!)
As the calendar cruelly marked October 20, Amazon Web Services, that pulsing artery of the web’s vast body, suffered a grievous rupture, flooding disruption into the veins of countless sites and apps, a veritable hemorrhage of bits and bytes. Serving as the invisible backbone to millions, its failure was like a lover’s betrayal in the dead of night, severe and unforgiving. Scattered among the afflicted, a choir of companies laments the damage wrought upon their empires-chief among them, Coinbase Global Inc., that gilded gate to digital gold. 😏 (Who knew cryptography could be so susceptible to a rainy day in Seattle?)
Yet, lo and behold, while our brave souls embraced Ethereum, the dark clouds loomed large. $513 million evaporated from digital asset funds like a sneeze in the wind, spurred by a liquidity avalanche from Binance – yes, another melodramatic plot twist in this crypto-caper! The total outflows, since that fateful day, have reached a lamentable $668 million. Oh, the irony! ETP investors, those gallant knights, seemed to waltz unaffected, while the on-chain holders trembled, clutching their pearls and reflecting on their life choices. 🤦♂️
Enter BitcoinOG (1011short), the crypto equivalent of a folk hero who once made $197 million in a single flash crash. Imagine a man who bets like he’s robbing a tsar’s vault and wins. On-chain whispers say he’s just deposited $30 million in USDC to Hyperliquid-a currency so “stable” it’s basically Monopoly money-and opened a 10x short on 700 BTC. That’s $75.5 million of pure, unadulterated “I bet this thing crashes harder than my aunt’s fruitcake.” The crowd gasps. The bears salivate. The bulls… well, they’re just trying not to faint.
Most of the loot? It’ll go toward buying XRP like it’s Black Friday at the crypto mall. The rest? Working capital and corporate expenses. Because even blockchain empires need a budget… or do they? 🤷♀️
Nine public companies versus BNB Chain’s two companies signal growing institutional confidence in Solana’s network and tooling. 🤝📊
Bitcoin toddles near $111K as global investors, in a frightful panic over fiat debasement, dash back to stodgy old hard assets. This ‘debasement trade,’ you see, is all about snatching up scarce treasures like gold or Bitcoin, hedging against governments playing silly-billy with debts, deficits, and printing presses. What a circus!
ASTER is the wild child of the DeFi world, throwing parties with high-leverage, high-risk, high-emoji (💥) antics. 🎉💥
Versan, in a recent X post, urged investors to “hoard their XRP like a dragon guards gold.” Why? Because it’s the “foundation of the next financial system” or, as he puts it, “the digital collateral that’ll save us all from the impending fiscal apocalypse.” 🐉
Ah, BitMine Immersion Technologies (BMNR), the illustrious Ethereum-centric treasure trove supervised by none other than Fundstrat’s Thomas Lee, has broadened its horizons by snatching over 200,000 shiny tokens-approximately $800 million, no less! Such vigor! 😮
