Cryptonews

Thumzup Media Corporation (Nasdaq: TZUP), which sounds suspiciously like a sound effect, has announced this frankly baffling investment in DogeHash Technologies. Apparently, the goal is to grow Dogecoin mining with “high-tech ASIC technology” – which is to say, little boxes that solve puzzles to create digital money. 🤷 The addition is, we are told, a sign of “increasing institutional interest.” Which roughly translates to “people with more money than sense are getting involved.”

In a missive dispatched via the enigmatic platform X, Schwartz revealed his plan to retire from the daily grind of CTO-dom, though he insists on lingering like a delightful ghost in Ripple’s halls. A new role, he says, awaits-one that presumably involves fewer meetings and more musing. 🧐

Under the impressive aegis of Stripe’s Bridge – an infrastructure company acquired for a grand sum of $1.1 billion – businesses can, with the lightness of a summer’s breeze, mint and manage coins at will, bending the almighty dollar to their whims with reserves customized to their heartbeat. Oh, and that’s under the sage stewardship of Wall Street’s heavyweights: BlackRock, Fidelity, and Superstate, revered keepers of the treasury. 🤑

Zach Rector, the crypto oracle of the moment, is building his case on Bitcoin’s coattails. Apparently, Bitcoin’s spot ETFs have raked in $57 billion since 2024, which is roughly the GDP of a small country. XRP fans are now clutching their pearls, insisting that spot XRP ETFs will do the same. Because, you know, if Bitcoin did it, XRP can too. Right? 🤔

Ah, if Bitcoin flips the magical $112k into a sturdy higher-low base and manages to hold above $108k, it would give our gallant bulls the footing they need to muster some momentum. Now, who wouldn’t want to see that? 🎉

Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits. 🧙‍♀️

Key takeaways:

Amidst this uncertainty, on-chain data offers a curious glimmer of hope-or perhaps a cruel joke. Whales, those enigmatic titans of the crypto ocean, continue their silent accumulation, even as the market quivers with doubt. This steady influx of capital from the leviathans suggests a perverse confidence in Ethereum’s future, as if they’ve peered into the abyss and found… opportunity. One might call it a “correction”; the other might call it a masquerade of weakness. Either way, history has shown that such moves often precede a resurgence, though whether this is a phoenix rising or a phoenix roasting remains to be seen. 🔥

Now, what exactly are these “crypto whales” buying to secure their place in the October sun? Let’s take a peek at their secret stash, shall we?