Ah, the U.S. Securities and Exchange Commission (SEC), that bastion of bureaucratic whimsy, has graciously requested that crypto exchange-traded fund (ETF) issuers retract their 19b-4 filings. This, dear reader, is said to clear the path for approvals swifter than a young man’s infatuation with a provincial beauty. A source, as reliable as a Turgenev narrator, whispered this to CoinDesk.
The newly minted fund, cleverly named the Alem Crypto Fund (because why not use a name that sounds like it could be a secret society for digital adventurers?), is designed to hoard digital assets. It’s basically like hiding treasure in a high-tech digital vault. The first thing this new crypto hoarder has done? Drop some investment in BNB, the cryptocurrency that, frankly, makes as much sense as any other in this strange new world.
Let’s parse this: 2.65 million ETH, $436 million in cash, and a “we’re-not-joking” 2% of the entire ETH supply. 🤑 At this rate, BitMine should just rename itself “ETH-Mine” and be done with it. The 24h volatility? 3.3%. Which is less than my caffeine withdrawal symptoms on a Monday morning. Market cap? $502.86B. And their daily trading volume? Enough to make Visa blush. 💳💨
But hold onto your hats! Q4 is sneaking in with a chart that’s looking suspiciously like 2017 – you know, that glorious season when altcoins suddenly shot straight up like a rocket fueled by grandma’s meatballs. Altcoin dominance isn’t just creeping; it’s gearing up for a vertical moonshot!
Spoiler alert: It’s not a one-hit wonder. A week prior, Aster raked in $10 million in daily revenue, while Hyperliquid managed a mere $3 million. Consistency? Check. Dominance? Double check. 🏆
According to the ever-reliable CoinMarketCap (where would we be without it?), ZEC trading went into overdrive, with a mind-boggling 24-hour volume touching $162.8 million. Meanwhile, the global crypto market cap did a little happy jig, up 2.47%, landing at a hefty $3.86 trillion, and total trading volume jumped 52.38%, reaching a jaw-dropping $140 billion. The numbers, they speak for themselves! 📊💰
He tells of a turn in the great machinery of state: a President who looks kindly on the crypto cause and policies that drift across the globe as if blown by a favorable wind. The ecosystem grows sturdier, not by miracles but by the patient craft of builders who code by starlight and investors who count by dawn. Prices rise, as if the sun itself has learned a new way to shine upon the screens; Bitcoin, once timid near the edge of silence, marches to the rhythm of an ascent, Ethereum climbs from modest beginnings to a wider horizon, and Binance Coin is carried along by liquidity and the feverish confidence of the crowd. 😅
BTC had a weekend fling above $109k, then decided to play the stock market’s “Red Light, Green Light” game (thanks, *Squid Game*), soaring to $112,351 before tripping over its own feet. Now it’s lounging at $111,699, up 2% and sipping a mimosa like nothing happened. 🥂
Then, in a shocking twist, the market dropped 9% in 7 days, making everyone wonder if ‘Uptober’ is just a fantasy. 🤔
The price of Ethereum now wobbles at $4,121, having mustered a 2.95% rise in 24 hours, per Brave New Coin’s calculations. The market, still reeling from September’s chaos, sways like a drunkard in a tavern. Yet analysts, with the optimism of a man betting on a horse named “Destiny,” insist Ethereum is destined for five-digit glory. One imagines them scribbling graphs while sipping tea, muttering, “Yes, yes, the stars align.”