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With daily active addresses and transactions shooting up like a jackrabbit on espresso, and the entire altcoin market flexing its muscles, SEI is looking all set to break out. If you’re the optimistic type (and who wouldn’t want to be?), today’s charts are practically dancing with potential. 💃
BeInCrypto, ever the curious observer, took a closer look at three such coins, their fates as tangled as a farmer’s plow in a drought.
Chainlink [LINK] has been absolutely flexing in recent weeks. Since July 15th, LINK has climbed a staggering 57.6% in just over a month. Talk about gains! 🚀
The purchases were financed entirely through the net proceeds of recent sales of preferred shares, courtesy of their at-the-market (ATM) programs. During this same period, the company managed to sell $50.4 million worth of preferred stock across three series: STRK ($19.3M net proceeds), STRF ($19.0M), and STRD ($12.1M). It seems they’ve mastered the art of juggling finances with the grace of a seasoned performer! 🎪
Bons, ever the dramatic critic, turns his withering gaze upon Bitcoin’s governance-a thing as flexible as a fossilized flamingo. The Core developers, he notes, cling to their 21 million supply cap like a monk to his last bean. Larger blocks? Inflation? Heresy! Such rigidity, Bons warns, may someday fracture the blockchain into schisms or-horror of horrors-force an inflationary measure, thus transforming Bitcoin into the very fiat it once mocked. Oh, the irony burns brighter than a misplaced hardware wallet.
What’s the price tag on this newest handful? A cool 51.4 million simoleons, which comes out to $119,666 each. Yes, friends, that’s almost enough to buy every man, woman, and child in Hannibal a pair of golden suspenders and still tip the barber. 🤠✨
Apparently, its fleeting success stems from attempting to correct Bitcoin’s rather… pedestrian performance, especially when the masses decide they require it simultaneously. How terribly inconvenient for everyone involved.
According to whispers carried by the Economic Times, the CBDT has summoned the denizens of cryptocurrency exchanges and their ilk to answer life’s most pressing question: Who shall govern these VDAs? Shall it be SEBI, the stoic overseer of securities? Or perhaps RBI, that guardian of liquidity? Or dare they entrust the Ministry of Electronics and Information Technology, MeitY, or even the Financial Intelligence Unit? The deliberations, one suspects, are as convoluted as a Tolstoyan family tree. 🤷
Enter AMBTS B.V., the new kid on the blockchain block. This privately held entity aims to become what its creators call a “1% Bitcoin treasury company.” Translation? They want to hoard 1% of all existing Bitcoin, which would require more money than most people can fathom-about $24 billion at current prices. For context, that’s enough cash to buy several small islands, or perhaps an entire fleet of yachts shaped like unicorns. 🦄🌊
“Buy the dip!” Yet hedge funds, those charmingly predictable beasts, rewrite the script. Volatility? Gone feral. Conviction? Evaporated like morning dew on a crypto exchange. ☀️
