With the fervor of a man chasing a runaway cabbage, this fintech company plans to integrate its newfound treasure into a “long-term” Bitcoin (BTC) treasury reserve. They speak of blockchain-native custody and tokenized treasury management services as if they were the latest fashion trends in St. Petersburg! Who knew finance could be so chic?
In the grand theater of Elliott-wave analysis, Casi paints a picture where the advance from January to June completed a wave (1) at approximately $2.70, only to correct to $2.02 at the 1.236 Fibonacci extension, sketching wave (2) against the wedge’s base. The new thrust above resistance, she argues, could herald the birth of wave (3). Yet, the funding dynamics cast a shadow over this bullish narrative. “We’re merely days away from the apex of XRP’s macro consolidation,” she muses, “while funding quietly climbs. A dangerous combo indeed!”
The shiny new security, dubbed the 10% Series A Perpetual Stride Preferred Stock (try saying that after a glass of wine), managed a tiny 0.24% gain on its first day. Progress! 🎉
After some CPI data that cooled off like a lukewarm cup of coffee, and with institutional adoption at its peak—whatever that means—Bitcoin is ready to break out. They say it’s going to rally this week, just in time for Monday. Because nothing says “I love Mondays” like a skyrocketing cryptocurrency, right? 🙄
China’s Financial Behemoth @AntGroup Plans To Roll Out Stablecoins In Major Asian Financial Hubs
An @AlibabaGroup subsidiary, Ant plans to file in Hong Kong when its Stablecoins Ordinance takes effect in August and then target Singapore and Luxembourg.
The move…
According to the latest gossip from the esteemed Gemini and Glassnode’s Report, a staggering 30% of Bitcoin (BTC) is now snugly tucked away in the hands of just 216 centralized entities. That’s right, folks! These entities are divided into six categories: centralized exchanges, ETFs and funds, public companies, private companies, DeFi protocols, and governments. It’s like a game of Monopoly, but with more zeros and less chance of landing on Boardwalk. 🏦
And guess what? The markets are already feeling the burn. Crypto? Oh, crypto’s feeling it too. Surprise, surprise. 💥
Picture this: between March 2022 and June 2023, Glenda was busy convincing her clients to invest nearly AUD 15 million (that’s about $9.6 million for those of us who prefer our numbers in American dollars) in what she charmingly dubbed a “high-yield fixed-interest account.” Spoiler alert: it was about as high-yield as a savings account at a local credit union. Instead of investing their hard-earned cash, she was busy transferring it to her personal and company-controlled bank accounts, converting it to cryptocurrency, and sending it off to wallets linked to a UK-based trading platform that was already on ASIC’s naughty list. Talk about a plot twist!
According to the esteemed on-chain data purveyors at Glassnode, Ethereum has recently extricated itself from a month-long confinement. The Cost Basis Distribution reveals a rather impressive accumulation of ETH during this period, with a staggering 1.3 million ETH nestled comfortably between $2,700 and $2,740, and an additional 800,000 ETH lounging around the $2,760 mark. Such levels now constitute a formidable support base, suggesting that a multitude of investors are basking in profits and are inclined to hold their positions rather than succumb to the temptation of selling into strength. How very prudent! 😏
Now, Thursday’s sale of $22 billion in 30-year bonds might just give us a peek into whether investors still trust the fiscal policies of our dear President Trump, who kicked off the global trade war like it was a game of Monopoly gone wrong. 🏦