Last week’s analysis pointed out that the $3.8 level was the magic number to flip into support. Miraculously, DOT’s bulls managed this feat. But, dear reader, it seems they might have loftier goals in mind.
Our trusty informants at SoSoValue reveal that nine sprightly U.S.-listed Ethereum ETFs welcomed a tidy $38.74 million on April 22, snapping a dismal ten-day stint of either dawdling or outright departures. Quite the soirée! Recall Feb. 4, when they were positively drowning in a heady $307.77 million—what a splash! 💸
At the blessed moment of writing, Bitcoin (BTC) pirouettes at $93,069, enjoying a sprightly 5% jig in the past 24 hours. Ethereum (ETH), ever the ambitious understudy, has vault-jumped 12% to $1,768, while Solana (SOL), that sprightly upstart, sashays up 7% to $149. Collectively, this digital pantomime has lifted the market’s total value by 4%, pushing it just beyond the whimsical threshold of $3 trillion.
According to the ever-credible Financial Times (because we all know they never get anything wrong, right?), Cantor Fitzgerald is pooling its vast resources to launch a Bitcoin SPAC that will likely either make or break them. The cavalry? SoftBank, Bitfinex, and Tether—three entities that are not exactly known for playing small. SoftBank’s slinging a $900 million capital injection into the mix, Bitfinex chimes in with $600 million, and, oh, Tether just casually throws $1.5 billion worth of Bitcoin into the pot. No biggie. 🤡
In the last 24 hours, Ether (ETH) jumped nearly 15% to flirt with the $1,800 mark on April 23. Meanwhile, Bitcoin politely climbed 6%, and the broader crypto circus managed a modest 5% lift, nudging the overall market cap back to a hefty $3 trillion. Yes, trillion, with a “t”—not just for causing existential dread but for big numbers.
According to the fabled archives of Coinglass, XRP’s open interest hovers at a princely $3.3 billion—nay, less than the grandiose heights of $7.87 billion it dared touch in January of 2025. A fall of nearly half since then—a tragedy worthy of Molière himself! Such decline in but three moons.
The contract, forever tethered to the USDT stablecoin, like a peasant to his lord, and linked to the DeepBook token (DEEP), shall commence its fleeting existence at 11:30 AM UTC. A grand spectacle, no doubt. It will then be absorbed into Binance’s Futures Copy Trading feature, within a day. Users, those eager sheep, can then imitate the “strategies” of the so-called top-ranked futures traders. A comedy in the making. 🎭
Bitcoin, the crypto that once seemed like a wild party any economist would avoid, is suddenly acting like it actually cares about politics and macroeconomic drama. You can almost hear it whispering, “Yeah, I’m paying attention now.”
The vehicle, named with unabashed Wall Street flair as Cantor Equity Partners (because “Something Cryptic LLC” was taken), raised a modest $200 million in January, and will spawn a new entity called 21 Capital. This entity will waltz around with $3 billion worth of bitcoin — a sum so dizzying that even a Moscow night might pale in comparison. The grand scheme cleverly mimics MicroStrategy’s bitcoin soap opera, turning those digital coins into cold, hard equity, priced at a fantasy $85,000 a pop.
From your grandma’s knitting circle to full-throttle vehicular mayhem on the blockchain! If you thought racing games were just about dodging banana peels, think again. This is a fast-paced, pixelated demolition derby where your car doubles as a missile launcher and, yes, it’s delightfully Web3.