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Well, it’s a little drama between institutions and spot investors. They briefly turned into sellers, but rising Funding Rates and some liquidation clusters are hinting at a possible short squeeze – or a market cliffhanger, if you will.
Ethereum, the “I’m number two but I’m really number one” crypto, just nuked Bitcoin in the institutional buying category. DATs are hoarding 4% of ETH’s supply while BTC limps at 3.6%. That’s like your ex getting 3.6% of your heart back-pathetic.
Historically, every major touch of this line has sparked rebounds so vigorous they’d make a Victorian corset blush. Even during the 2022 bear market, mind you-a time when crypto investors were about as cheerful as a tax audit. 📉🎩
A $675M SPAC deal has been committed to purchasing $1B worth of AVAX tokens, marking what could become one of the largest institutional treasury allocations of 2025. As reported by Andres Meneses, this move represents a defining moment for Avalanche’s credibility among institutional investors. Sarcasm alert: Because nothing says “trust me” like a billion dollars in crypto. 💸
Now, before you start panicking and hoarding your digital coins like they’re the last packets of ramen on Earth, Coinbase assures us that this is all part of the plan. They’re being very mysterious about how long the upgrade will take, but they’re estimating it might only last for a few hours. So, don’t worry, you won’t miss out on any crypto drama for long. As an extra bonus, they’ll keep you updated with reminders and the latest gossip on their official status page. 🧐
Congratulations to everyone who bought in before the “miracle” started. Too bad the party might crash faster than your ex’s Netflix password. COAI’s red flag? It’s waving so hard, it’s got its own TikTok dance. 🕺
This dazzling financial contrivance, known portentously as T. Rowe Price Active Crypto ETF, can juggle between five and fifteen crypto tokens like a financial Cirque du Soleil. It’s designed to dance nimbly according to market tunes and valuation whispers, all while trading on NYSE Arca-those hallowed halls of stock ritual. With a staggering $1.8 trillion in assets, yes, trillion, they think they can outshine that dull old FTSE Crypto US Listed Index which, apparently, tracks the top ten US cryptocurrencies that the SEC deems suitable for polite society. Bravo, old chaps, your ambitions shine brighter than a bitcoin mining rig in July!
Welfare, no stranger to the world of risk assets, is practically rubbing his hands together with glee at the thought of what’s coming. According to him, cryptocurrencies are the head of the class when it comes to rate-cut environments. History tells us that when rates go up, safe assets like money market funds attract trillions of dollars from investors too scared to risk it all on the wild west of the markets.
By Shayan, because someone has to be the voice of reason in this chaos.
The report emphasizes that Pyongyang not only excels at theft but also possesses sophisticated methods for liquidating the illicit gains. 🕵️♂️💰
