Might just be the case! Three mighty market shifts are alignin’, all but beggin’ for good ol’ $BTC to take a leap past $120K, a feat it seems to enjoy performin’ now and again.
Tether, the mastermind behind the USDT stablecoin, has seen fit to add $1 billion in Bitcoin to its reserves, bringing its total holdings to a most impressive $9.7 billion. All this as its flagship stablecoin’s supply approaches the dizzying sum of $175 billion. Whatever will they think of next? đ¤
Why the sudden mood swing? Historyâs a fickle lover, but itâs been kind to October. On average, Bitcoin gains 29.23% this month-only to be outdone by Novemberâs 37.64% romp. Classic. September, however, is just a snooze-fest, and this yearâs no exception. $BTCâs been as exciting as a Monday morning. đ˘
Now, $1.6 billion might not buy you a yacht-more like a rather comfortable rowboat-but its impeccable timing may just serve as the perfect umbrella against the torrential downpour of a US government shutdown. Jolly good timing, darlings!
The allure? Accumulate points by liquidity provision or trade execution, then trade them for tokens-sometimes worth a small fortune. A modern-day alchemy, if you will, though the philosopherâs stone mightâve been more reliable. đ
Once upon a time (2010, to be precise), Bitcoin was cheaper than a stale cup of coffee. Fast forward through the usual rollercoaster of greed and despair, and now itâs lounging at $110K like it owns the place. Julyâs all-time high? A casual $123K-no big deal. đ
As is the custom of our dear Chairman Michael Saylor, he didst take to the digital town square on Sunday, proclaiming with a flourish, âAlways âże Stacking,â and lo! On Monday, the purchase was sealed. đľď¸âď¸đ
Itâs all well and good when the market gets excited, but some rallies donât exactly get a standing ovation. In fact, they get a time-out. And QMMM? Well, itâs in the corner now.
Overall, crypto investment products pulled back a grand total of $812 million. Bitcoin was the star player here, somehow managing to lose $719 million-because why not? Ethereum wasnât far behind, hemorrhaging $409.4 million with the grace of a financially caffeinated squirrel.
For the first time on any L2, BTC holders can stake without surrendering custody to secure Starknet and earn rewards; the ledger already murmurs of ~65k delegators, ~150 validators and 575M+ STRK staked. Strategic partners including WBTC, Lombard, Solv, Threshold Network, Layerzero and Re7 Capital will ease BTCâs DeFi access and institutional deployment. To jumpâstart the ecosystem, the Starknet Foundation is launching a 100 million STRK âBTCFi Seasonâ incentive program to subsidize BTCâdenominated borrowing, yield strategies and tokenized basis trades. Starknet emphasized zkâSTARK security (postâquantum, no trusted setup), audited transparency, decentralized sequencers, and work with BitVM teams and Raspberry Piâverified Bitcoin headers as steps toward becoming Bitcoinâs execution layer.
