According to the ever-watchful oracle known as CoinMarketCap, Ethereum has bounced from the gloom of $1,500 like a coin in a drunken gambler’s pocket, landing at a round $1,800. A jump of 10.6% in seven days, which, in crypto terms, is like watching paint dry on a dragon’s scales but with more excitement and less fire.
In his latest transmission from the echo chamber that is the macroeconomist’s lair, the guy who founded Forest for the Trees (which, no, does not sell lumber), informs us that the Trump administration has cracked open Pandora’s chest of executive orders and unleashed a Strategic Bitcoin Reserve. Because why not add digital gold to the government’s collection of shiny things?
According to the ever-watchful Coinglass, GBTC is pulling in a staggering $268.5 million annually—thanks to its mere 1.5% expense ratio applied to a princely $17.9 billion in assets under management. For a bit of comparison (and possibly to humble some egos), all other U.S. spot Bitcoin ETFs, which manage a somewhat more substantial $89 billion, generate just over $211.8 million in revenue. Not that it’s a contest or anything… 🙄
Yes, it appears that Bitcoin (BTC) might just be gearing up for a monumental leap above $100,000, as fresh capital flocks to the crypto market, as observed in a report penned by the erudite analyst Markus Thielen. Such scholarly insights, indeed!
This isn’t just another regulatory nod, no. It’s more like finding that extra packet of crisps at the bottom of the bag—unexpected, and potentially explosive. This could open the floodgates for a full-on XRP spot ETF, which means Wall Street neat-freaks may soon treat XRP like their favorite shiny thing. Brace yourself: $100 billion worth of shiny might start splashing in like hyperactive dolphins on espresso.
In a recent post, the ex-CEO of Binance hinted at the topics discussed in his latest conversation with Turkish cryptocurrency advocate and Blockchain Games Pow Ahoy creator Erhan Ünal. When queried about the real identity of Bitcoin’s creator, CZ expressed uncertainty but suggested that various intriguing speculations exist within the crypto community.
But don’t pop the champagne just yet. As enthusiastic as the campaign sounds, some voices in the digital wilderness are grumbling in disbelief. Can endless social media posts and influencer endorsements really replace cold, hard utility? Spoiler alert: Probably not. 🧐
What on Earth is BTC.D? (And Why It Might Be Lying Through Its Teeth)
Big Bitcoin ETF inflows don’t always mean it’s time to say “top of the mountain!” 📉
The Express Tribune, ever eager to record the march of progress, told of how Ata Tarar, the solemn Minister for Information, joined hands with Bilal Bin Saeed, the council’s freshly crowned CEO, and Zack Vetkoff, co-chairman of the American enterprise, to sign their names upon the fragile parchment of promise.
