Lunde, with the enthusiasm of a wizard discovering a new spell, noted that Norges Bank Investment Management (NBIM) – the fancy name for Norway’s money pile – has dramatically upped its indirect BTC exposure in 2025. He quipped:
Their CEO, a Mr. Joseph Onorati (the name sounds suspiciously Italian, don’t you think?), informed us that their SOL per Share – SPS, naturally – has reached a dizzying 0.0619. A rise of nearly 50% since the end of June, apparently. July, it seems, was a period of unrestrained and frankly rather alarming growth, with $165 million raised – after all the usual parasitic fees, of course – and a 34% hop in SPS. Progress, one supposes.
Yes, dear reader, Bank of America, Fiserv, and Morgan Stanley have all donned their finest suits and are marching into the stablecoin arena, spurred on by the ghost of Donald Trump’s crypto dreams. 🕴️👻 But oh, what a tangled web they weave, for the path to stablecoin glory is paved with more pitfalls than a Russian winter road. ❄️🕳️
The announcement, made on a rather unremarkable Tuesday, declares that this ain’t your ordinary layer-1 blockchain, oh no, it aspires to support regulated financial services and lend a hand in the applications involving real-world assets. It seems our Circle, fresh off the exhilarating ego tickle of an initial public offering, has set itself the task of revolutionizing finance once again. 🎩✨
And the rally? Oh, it shows no signs of slowing down. Since January 1, 2025, bitcoin (BTC)-you know, the OG crypto-has advanced more than 28%. But ethereum? Oh, it’s not just keeping up; it’s sprinting ahead with a 38% gain in the same period. At press time, 4:22 p.m. Eastern time, on centralized exchange Deribit, ether was trading at $4,604, giving the asset a jaw-dropping $549 billion market valuation. That’s enough money to make Jeff Bezos question his life choices. 😅 It’s now less than 7% away from reclaiming its Nov. 10, 2021, record high of $4,878. Talk about a comeback story!
The 12-hour chart, a canvas of time and fate, paints a robust upward trend with a support base as steadfast as a lover’s promise. Here, at $18.00, the accumulation phase unfolds-a quiet gathering of strength before the breakout. 📈 Once the price stabilizes, like a poet finding the perfect rhyme, a 50% surge to $30.00 is foretold. But beware, for the markets are fickle, and destiny is a capricious muse. 🎭
Ethereum’s crawling up to the $4,500 mark-fingers crossed for a high jump past August’s previous gym record of $4,878. Demand’s hotter than a summer BBQ, thanks to big institutional chickens coming home to roost and ETFs raking in a billion-dollar influx. Yes, a billion. Who knew investing could be this glamorous? 🌟
Devin McGranahan, Chief Executive and possessor of a title far grander than his digital wallet, opined, “We are exploring the opportunity for us to issue a stablecoin, particularly in non-US markets.” One wonders whether he uttered this clad in velvet slippers. It shall be, he said, “almost like a savings account in US dollars”-without the charming bank queue, but with twice the existential dread.
Folks, prepare your wallets! Cardano is looking to pull off a golden cross, which sounds like something out of a treasure hunt movie. This event happens when the 50-day moving average (the good ol’ 50-day) crosses above the 200-day moving average (it’s the “wise, experienced elder” of averages). Last time this happened in 2023, ADA blasted off like it was strapped to a rocket, soaring more than 230%! 🚀 ADA is showing higher lows and staying above the 20-day and 50-day EMAs. Basically, it’s not slacking off, even with the market throwing tantrums. 📈
So, Ether derivatives data is showing a real lack of enthusiasm for those leveraged bullish positions. I mean, come on, who wants to risk it all, right?
