🚨 Breaking News: SEC Dropping XRP Lawsuit During “Crypto Week”? 🚨
As XRP prices surge and optimism soars, is there any truth to this tantalizing tale? Let’s see what Coinpedia’s investigation uncovers.
As XRP prices surge and optimism soars, is there any truth to this tantalizing tale? Let’s see what Coinpedia’s investigation uncovers.
After this latest acquisition, Metaplanet now holds 16,352 BTC. Translation: $1.64 billion. They’ve solidified their place as the fifth-largest publicly traded corporate BTC holder in the world. Yes, I said fifth. Just a week after their last spree of buying 2,205 BTC, they’re still on a roll. We get it, Metaplanet: you’re not into small potatoes.
A staggering $1.73 billion is shorted on CME, that exclusive playground for those with deep pockets and sharp minds, according to our friends at the Block who manage to extract such juicy details from the CFTC’s treasure chest. The CME’s stats have confirmed that ether leveraged net totals are bending over backwards to show off those shorts, as noted by the ever-watchful eyes at X account zerohedge.
Bitcoin had a negative return of -11.7% in Q1 2025, despite January’s 9.54% gain. However, Q2 saw a strong rebound, with April up 14.2%, May up 11.1%, and June up 2.4%, resulting in a quarterly return of +29.9%. At the start of this quarter, Bitcoin was priced at $105,653.37 and has since risen by around 14% to $122,146. Earlier today, it briefly peaked at $123,000. The rally is supported by a pro-crypto U.S. regime, expectations of lower interest rates, increased government spending, and a strong stock market.
This little escapade achieved notoriety this week, as Bloomberg gallantly reported that Lloyds and Aberdeen have decided to tango with the digital tokens representing both Aberdeen’s money market fund (oh, so terribly fancy!) and those timeless UK gilts. These little digital darlings were flawlessly issued, transferred, and kept under wraps through Archax on the Hedera Hashgraph blockchain. An impressive feat, if I do say so! 💁♂️
Once again, stablecoins have stumbled into the limelight like the last uninvited guest at a soirée, increasingly masquerading as their fiat cousins. Our dear Bailey, in a moment of solemn reflection, has decried the imminent peril posed by the unbridled adoption of these digital curiosities, particularly should private banks choose to unleash them upon the unsuspecting populace.
the GENIUS Act (as if they needed more genius), the CLARITY Act (which sounds like a poorly titled self-help book), and the Anti-CBDC Surveillance State Act, which could very well have been penned by a mildly paranoid novelist. 📚
Aye, the numbers, according to the astute prophets at SoSoValue, reveal that 12 of these glittering Bitcoin ETFs have bloated their coffers by a staggering $2.72 billion last week! That’s quite a leap from the more modest prior week’s treasure trove of nearly $770 million. Seems like everyone is suddenly keen on our digital darling! 💰💸
A trader so aptly named Falllling (perhaps a subtle hint of what was coming?) had the misfortune of seeing his $334 million worth of short positions wiped out faster than you can say “Bitcoin’s going to the moon.” According to the ever-watchful crypto sleuths at Lookonchain, this included 1,743 Bitcoin valued at $211 million, 33,743 Ether worth $102.3 million, and a whopping 15 million FARTCOIN (yes, you read that right) valued at $20.6 million. I’m not sure what FARTCOIN is, but it sounds like something that belongs in the “What was I thinking?” files.
During the last trading week, cryptocurrency investment products invited in a staggering $3.7 billion of fresh inflows, as reported by the crystal ball of crypto—CoinShares. What a splendid week for those who like their fortunes drawn from the bread-and-butter of blockchains and electronic magic!