Sure, Bitcoin still wears the crown in overall futures open interest at $64.2 billion, compared to Ethereum’s $32.2 billion. But here’s the kicker: Ethereum’s open interest grew by 6.1% in a day, while Bitcoin’s took a 1.4% nap. 😴 Meanwhile, ETH is basking in the glow of historic inflows into spot Ethereum ETFs and a price rally that’s making even the most jaded traders blush. 🌶️
And the worst part? Those little altcoins – the ones that promised you riches beyond your wildest dreams – are starting to look a bit peaky. Capital is fleeing them like rats from a sinking ship! 🚢 A significant drop is brewing, you mark my words!
Leading the circus is none other than BlackRock’s iShares Bitcoin Trust (IBIT), pouring in a whopping $496.75 million in fresh moolah! It’s like a gold rush out there, and IBIT is the guy selling shovels! With a total of $86.5 billion in assets under management, you could say they’ve got a *few* bucks to play with. 💼✨
According to blockchain analyst EmberCN, this transfer is just the latest in a long line of suspicious transactions, following a pattern that’s as predictable as a sunrise: Ethereum (ETH) is redeemed from Aave by HTX Recovery wallet, moved to HTX hot wallet, and then transferred to Binance. Because who doesn’t love a good game of musical wallets? 🎶
Volume and momentum are backing the move like a stampede of bulls, but hold onto your hats, traders! Don’t get too comfy just yet. We might see some profit-taking or a little dip after such a sharp rise. You know how it goes – nothing lasts forever, except maybe a bad haircut. 😜
“To cloak a decentralized Ponzi scheme in the very fabric of patriotism!” Schiff declared to the digital masses, his outrage palpable as pen met paper (or rather, finger met keyboard). “Has society learned nothing from history? Or do we simply enjoy repeating our follies with renewed vigor?”
Dogecoin, that shaggy underdog of crypto, barks louder than its bite—yet today, the bite seems sharper. 📈 Trading volumes surge like the drunken enthusiasm of a peasant at a fair, and charts glow greener than a bureaucrat’s envy. Will it leap to $0.36? Or collapse like a card table in a gambling den? Place your bets, comrades! 🎰
Hold onto your hats, because President Trump just signed the GENIUS Act into law! 🎉 It’s the first time the U.S. has said “Hey, let’s make some rules for these stablecoins!” This could unleash a tidal wave of institutional cash and make crypto as popular as a hot dog at a baseball game.🌭⚾
According to Glassnode, Ethereum has somehow managed to outsell Bitcoin in the futures trading volume stakes again. Who knew? The trading volume, for those who need a refresher, is like a report card for how much people are trading on exchanges 📊. And, apparently, Ethereum got an A+ this time.
It seems like the U.S. crypto landscape is finally getting a bit of the old Western spirit, where the law is written and rewritten by those who dare to ride the range. U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce announced on July 18 that the GENIUS Act, now officially inked into law, has cleared up the murky waters surrounding payment stablecoins by declaring them not securities. 🎉
