Investment Policy

Freshly gilded by a 120% flight, Pudgy Penguins remains perched near its heights at $0.015—only sneezing politely in the face of minor dips. A month’s chart doth resemble a baroque staircase, winding ever upward (+290%, should you wish to embroider that onto a handkerchief). Nay, it is no longer a chart for mere jest. Early schemers and sharper eyes have deserted their past infatuations to court this formidable, feathered phenomenon.

USDT and USDC balances on Binance hit a record $31 billion in June 2025.

Now, for those of you who find cryptocurrency exchanges and wallets a bit too overwhelming, fear not! The Ethereum spot ETFs allow investors to gain exposure to the asset without having to directly own it. These ETFs trade on traditional platforms, making it easier for those who prefer a more familiar investment method.

Deep in the subsoil of the $0.183 to $0.184 range, a foundation was laid—a place where, with the regularity of a postman, buyers appeared from the mists. That volume, surging to 597,718, mocked the mere daily average of 189,000. Institutional hands, those silent giants, were clearly present, pushing POL like a sled across the frozen wastes, right above the $0.187 barricade with all the subtlety of a Moscow tram.

According to Sreeram Kannan, the CEO of Eigen Labs, the decision was made with a heavy heart and a strategic mind. The company, now bolstered by additional funds from the ever-generous a16z, is shifting its focus to the development of EigenCloud. But what of the employees who are now finding themselves at a crossroads? Fear not, for Kannan assures us that they will be financially assisted in their transition, a gesture that is both noble and necessary in these trying times.

In a recent interview with David Lin, Cowen reveals his thoughts, a mix of historical insight and a dash of skepticism. “So, kind of going into this year, I thought January 20th would mark a high – at least a local high – and my view was basically that if the 2024 high held as support during the pullback, then Bitcoin could go to all-time highs again. And we held at like $70K. We went to like $74K. The high from 2024 was like $73.8K. So, we have gone to new all-time highs,” he muses, his voice tinged with a hint of irony.

On the 8th of July, a press release, as solemn as a decree from a distant monarch, announced that these two companies have entered into a definitive agreement. This agreement, like a marriage contract, binds them to raise up to $1.1 billion from a leading institutional investor, a figure that could only be matched by the dreams of kings and the treasures of ancient empires. 🏦

It’s not their first rodeo, folks! Tether and Crystal Intelligence have collaborated before, creating Scam Alert, a website that marks wallet addresses associated with scams or other nefarious activities. This helps individuals and law enforcement agencies know which wallets to steer clear of. 🚫