Lo and behold, at this very moment, Ethereum [ETH] stands valiantly at $3,435, basking in an 8% glow of newfound vigor over the past 24 hours. A triumphant phoenix, rising from its slumber? 🦅
With a flourish, Tether’s USDT has gracefully surpassed the $160 billion mark in circulation, a milestone that would make even the most jaded market observer pause and take notice. This achievement, a veritable crescendo in the symphony of the crypto market, is underpinned by the resurgence of assets like Bitcoin and Ethereum, which have been breaking barriers with the zeal of a young colt in a race.
The combined company will list on Nasdaq under the ticker symbol “BSTR” in the fourth quarter of 2025, pending shareholder approval. Because who needs actual money when you can have stocks and shares? 📈 BSTR Holdings Inc. and CEPO’s boards have unanimously approved the definitive agreement, which is just a fancy way of saying they’ve all agreed to make a lot of money together. 🤑
24h volatility:
0.4%
Market cap:
$3.42 B
Vol. 24h:
$108.82 M
Over the past week, three wallets linked to Korean exchanges Bithumb and Upbit have collectively accumulated 945 million Pudgy Penguins [PENGU], worth approximately $32 million. 🦆💰
From July 3 to July 16, the company purchased the additional Bitcoin at an aggregate cost of $25 million, representing an average purchase price of approximately $118,974 per Bitcoin.
The case is based on the 2021 implosion of Archegos, a family office run by Bill Hwang that lost it all after margin calls on loans to purchase major shareholdings in ViacomCBS and other shares. The investors accuse the banks that acted as prime brokers to Archegos of hiding their own holdings and selling stocks of ViacomCBS to keep their losses at a minimum.
Picture this: the ByBit exchange took center stage in this grand heist, losing a staggering $1.5 billion to hackers closely linked with North Korea. Apparently, they weren’t in the mood for diplomacy and decided that stealing from people who can’t figure out how to protect their wallets was the way to go. This exchange must be wishing they had bolted the door—a little late for that! 🔒🚪
It’s not just the big names like ETH and SOL enjoying the limelight; mid- and small-cap tokens are also showing signs of strength, supported by increasing volume and improved market structure. A key technical development has added weight to the bullish case: the altcoin market has once again pushed above a key daily moving average, a level that historically marks the transition from downtrends to sustained uptrends.
As of now, Bitcoin price is taking a breather around $118,000, still within striking distance of its all-time high of $123,000. The market has momentarily caught its breath after a robust multi-week rally, with investors eagerly awaiting the outcome of the GENIUS Act vote expected in the House.