Investment Policy

It appears that the House Bill 2324 is once again under the scrutiny of our honorable representatives, following a rather narrow vote of 16-14 in favor of its revival. One might recall that this very bill was cast aside in the month of May, much to the chagrin of its proponents.

But alas, dear reader, it seems that this assertion has been met with a most vehement denial from the TikTok powers that be. Their official policy account, TikTok Policy, took to the digital airwaves to label Sherman’s claim as “patently false and irresponsible.” One can almost hear the indignant tone, the righteous indignation, the—dare I say it?—the Trump-esque bombast. 😂

In a twist that would make even the most stoic of souls chuckle, nearly two hundred million dollars has been dispatched to the hallowed halls of Coinbase’s institutional branch. And lo! New whales, perhaps fresh from their own existential crises, have taken to accumulating Bitcoin through the arcane art of OTC platforms. Who knew that the pursuit of wealth could be so… entertaining? 😂

This newfangled product employs what they call the “diamond-hands” strategy. Sounds fancy, right? It’s all about clutching onto that Bitcoin like it’s the last cookie in the jar. The plan? Sell Bitcoin options to snag regular payments and scoop up more Bitcoin when the price takes a nosedive. Reports suggest this little venture is pulling in about 5% returns a year, with fluctuations so minimal you’d think they were on a diet. 📉

According to Glassnode, XRP wallets have raked in a cool $68.8 million in profits this month, the highest in over a year. Talk about a cash cow! 🐄 This surge in sell pressure is coming mostly from long-term holders who bought XRP for peanuts, like, below $0.60. Even with all the bullish vibes and a solid market structure, XRP just can’t seem to break through the $2.20 barrier. It’s like trying to get a seat at the cool kids’ table, but the cool kids are all taking a break. 😴

According to our modern-day soothsayers, the firm CryptoQuant (proving that analytics is simply commedia dell’arte with less wigs), the wallets of these impulsive actors—the short-term Bitcoin holders—have been rapidly emptied since late May. As of June 19, this motley crew commands but 4.5 million BTC, a tragic fall from their former 5.3 million BTC glory, all in less time than it takes a hypochondriac to list his symptoms.

Lucie has taken it upon herself to remind the Shiba Inu community—and the world at large—that the cryptocurrency space is currently under siege. Not from the wolves of Wall Street, no, but from the lowly scammers peddling “get-rich-quick” tokens that promise to turn your life around in the blink of an eye. But alas, what’s the price of such promises? Your hard-earned money, of course. The market’s chaos makes it all too easy for these charlatans to pounce on unsuspecting investors like vultures on a dying carcass.

The Pi Network, ever the enfant terrible of the crypto soiree, has pranced its way through the first 100 days since unveiling the Open Network—an event that involved, quite shockingly, more than a press release and a few exclamations of “Revolution!”.