On August 18, the SEC, with all the drama of a Shakespearean tragedy, extended its deadline. “We need time,” they murmured, as if pondering the meaning of existence itself. But we know better-this is no ordinary delay. It’s a tightrope walk between innovation and scandal, with Trump’s empire dangling like a gilded pendulum. 🕰️💫
BarriC, with the zeal of a revolutionary, declares that XRP has yet to taste the sweet nectar of a “utility run.” No, not the kind where bankers flee with their ledgers in hand, but a run fueled by adoption-banks, remittance companies, and global payment systems all sipping from the XRP fountain. Imagine, comrades, a world where XRP is not just a speculative plaything but the backbone of transactions! A world where its value is not dictated by the whims of altcoin seasons but by the relentless march of utility. 🏦
XRP’s back in the spotlight, folks, and not in a “Curb Your Enthusiasm” kind of way. The token dropped below $3 faster than I can say “tacking on a surcharge.” Profit-taking and crypto weakness? More like a full-blown Larry David meltdown. 😩
But here’s the kicker: while BitMine is loading up on ETH, their share price has taken a nosedive, plummeting 14.2% since August 11. Talk about timing. It’s like showing up to a party in a new outfit only to realize everyone else is wearing the same thing. 🤦♂️
Ethereum (ETH) now finds itself languishing around $4,350, having gracefully descended from its recent heights of $4,800. The spotlight is on a CME futures gap nestled between $4,050 and $4,100. Such gaps, dear reader, are like magnets for prices, especially after the weekend revelries of the futures market.
Balance-sheet brag-sheet: Metaplanet now cradles 18,888 BTC worth a theoretical $1.94 billion-average price $102,653. They are, by their own lights, 12 % in the money, and still riding the Ferris wheel with merry abandon. The FT would call this “prudent diversification”; Twitter calls it a paid vacation for their graphics intern.
Closing at $4,475 on August 13th, Ethereum showed us all that it’s still alive-and apparently thriving-after a long hiatus. The secret? Probably those Ethereum ETFs with their giant inflows, because nothing screams “bullish momentum” like a record-breaking $1.02 billion in one day. Who knew that money could find its way to ETH faster than a dog to a biscuit?
Let’s dig into the juicy bits so you can stop guessing and start stressing less about your portfolio.
Well, gentle reader, the short answer is, “Because everyone else is doing it and peer pressure works on corporations too.” Governments, institutions, corporations, and your auntie’s knitting club now collectively sit on >10 % of Bitcoin’s supply. Sensing the FOMO wave rising faster than the average Dutch levee, Amdax reckons Europe needs its own bumper-sticker-worthy HODL fund. “We’ve got clogs, tulips, cheese, and now-Bitcoin! Nice and balanced portfolio,” said absolutely nobody, but Amdax liked the idea anyway.
