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Just when you thought the crypto world might crash and burn, a sharp decline in the middle of the week—sparked by lackluster U.S. non-farm payroll data and escalating trade fears—was quickly wiped away like a bad dream. XRP soared 6.5%, Ethereum rose by 2.7%, and Bitcoin? Oh, Bitcoin dusted itself off and swaggered back up to $115,043. No biggie.
Under the ticker symbol “BLSH” (presumably chosen by someone who really likes fish or aggressive marketing slogans), Bullish plans to offer 20.3 million shares priced between $28 and $31 each. This gives them a valuation of $4.2 billion. Not bad for a company that’s essentially trying to sell you digital Monopoly money. According to a Form F-1 SEC filing dated Aug. 4, this is their big second attempt at going public. Their first try in 2021 aimed for a jaw-dropping $9 billion valuation, but that dream was shelved faster than you can say “blockchain.” Executives blamed the delay on the process taking too long, which is rich coming from people working in cryptocurrency—a field where transactions can take literal hours. 🕰️
Behold the new aristocracy! From public companies to shadowy DAOs, these entities have embraced Ethereum not as currency, but as a trophy to flaunt in their digital manors. Leading the parade is Bitmine Immersion Tech, a titan with 833,100 ETH ($3.04B)—a sum so vast one wonders if they’ve mistaken their balance sheet for a Monopoly board. 🎲
According to Alpen Labs, this new playground lets developers experiment with Bitcoin-based financial tricks that used to only exist inside the mystical walls of centralized banks or the faraway lands of other blockchains. Think trading, borrowing, earning yield — the usual financial wizardry, but now on the *real* Bitcoin. Because what’s life without a little risk and a lot of code? 🔮
MemeCore [M] pulled off a dramatic comeback worthy of an ’80s underdog sports movie, staging a 655% rally after Bitcoin [BTC] tripped over itself and faceplanted at $112,000. (No, that’s not a typo. I checked it three times.)
Ethena [ENA], the bounder, surged 12.9% to a local high of $0.628 after holding $0.51 like a chap clinging to his last shilling. Top hole!
After weeks of sideways snoozing—imagine a teenager ignoring chores—MemeCore woke up with a bang, breaking out of its sleepy shell like a butterfly (or maybe a misguided moth). It held onto a support zone like it’s the last slice of pizza, then went full throttle, testing resistance like a kid trying to sneak into grandma’s cookies. Good news: all signs point to more upside if it can just keep its pants on. Or if it slips and takes a little nap—then the support at $0.52 becomes your new best friend.
Yet the chorus of doubters sings louder than a bad baroque choir—six merchants in ten swear upon their mothers’ crocheted stockings that such heights are naught but moon-cheese. But our bullish bard retorts: “Bah! Short-sighted cabbages! Not only shall we graze 300,000, we may well nibble at 500,000 like sugar-dusted éclairs, according to my Stock-to-Flow sorcery—though truth be told, the margin of error is so wide one could drive a berline coach through it!” 🎩💰
Picture this: a song titled “Everything Is Fine” croons about “no troubles, no complaints” while the screen weeps with images of broken homes and rat-infested alleys. A satire so sharp it could slice through the fog of denial clouding Whitehall’s corridors. 🎭💸
Behold the Apparent Demand metric, a testament to the market’s voracious appetite! New BTC issuance is but a trickle compared to the dormant supply of over a year, a ratio that remains steadfastly positive. In the past moon cycle alone, 160,000 BTC have been swallowed by the maw of accumulation, a silent rebellion against the bears. Even as prices corrected, the faithful continued their march, their wallets heavier, their resolve unshaken.