In a series of press releases on Monday, Strategy, BitMine Immersion, Sequans, Sonnet BioTherapeutics, and Metaplanet all announced that they are increasing the amount of crypto in their respective treasuries. 💰
The issue, darling, isn’t technology. It’s that we’ve been building solutions looking for problems, rather than focusing on solving real challenges and delivering real value. How quaint.
With this move, the 60 million souls who frequent OKX’s digital halls will now have access to the Global Dollar (USDG) for trading and transfers. The announcement, made with the usual fanfare of press releases and corporate jargon, suggests that this could be a significant step towards the broader adoption of a regulated US dollar-backed stablecoin. 📢
Some experts, however, are not laughing. They fear a massive bubble, warning that this Bitcoin binge could lead to a supply shock. If the price takes a nosedive, the domino effect of forced liquidations could spell doom for these companies. 🌋💥
Now, trading at roughly $69 on the NASDAQ (that’s Nasdaq, not Nas-fac, for the uninitiated), IBIT doesn’t just hold the title of the largest Bitcoin fund on the market, but it also claims the crown as BlackRock’s number one money-spinner, according to our intrepid friend Bloomberg’s own Eric Balchunas. Quite the feat for a sprightly lad of only 1.5 years, wouldn’t you say?
In a tweet so riveting it could have easily been listed in the intergalactic bestsellers, SMQKE shared the Ripple scroll of doom—sorry, *document*—which noted that XRP is likely to appreciate further as demand increases. The crypto leviathan believes this demand will swell like a bread dough left in a warm place as its payment services become as commonplace as wiggly green aliens. Cryptic but relevant details suggest that XRP must provide tangible benefits to its holders—otherwise, it risks becoming just another speculative dust mite floating in the cosmic ether.
But wait, it gets better. XRP has officially hit $3, a level it hasn’t seen since February 2025. It’s like the comeback kid of the crypto world, and it’s bringing the whole party with it. Bitcoin, the OG of the crypto scene, is also flexing at $123,000. 🤑
With Congress set to debate several crypto bills this week, including those regulating stablecoins and digital asset classifications, traders are preparing for heightened volatility. BeInCrypto has analyzed three altcoins to watch closely during the US Crypto Week.
In a tweet that was equal parts confusing and amusing, Schiff wrote, “The silver train keeps on quietly chugging along 🚂. This morning it’s above $39, its highest since Feb. 2012 📈. The rise in silver is far more significant to the real world than Bitcoin’s new high 🤔. Industries that need silver will now have to pay more to buy it 💸. No one needs Bitcoin 🚫.”
