According to a press release that could make even the oldest dinosaur perk up, this Hong Kong-based company is plunging into the digital assets and web3 universe. It can now proudly claim the title of the first Taiwanese public company to adopt Bitcoin (BTC) as a treasury asset. Perhaps they’ll start selling digital watches next? 🤷♂️
Picture, dear reader, the exchange’s vaults: mountains of tokens once fattened on trader greed. In a single on-chain gesture-more solemn than a priest’s blessing and twice as irreversible-65 million of these chubby coins were marched to the guillotine. The smart contract, newly sworn to celibacy, vowed never again to mint, burn, or otherwise procreate. Thus the supply cap was etched into silicon scripture, mimicking Bitcoin’s own monastic discipline, though one suspects the code still sneaks a peek at DOGE for comic relief. 🤭
Leading this circus act is WiseLink, a zipper producer and software company-because why not?-which has generously purchased three-year notes from Top Win. Apparently, these notes come with a side of secret collabs, because transparency is overrated when you can keep everyone guessing.
David Duong, the brains behind Coinbase Institutional’s research, reckons the current setup is “increasingly favorable” for altcoins to throw a party as September rolls in. Why? Because there’s a mountain of retail cash 🏔️ chilling in money market funds, just waiting for the U.S. Federal Reserve to cut rates. If that happens, crypto markets might see an influx of cash faster than a Black Friday sale at Walmart.
The Dow Jones, dressed like a pompous general in epaulettes stitched from margin debt, clicked its heels and marched 250 points upward-an ascent so brisk that three broker-dealers fainted from altitude sickness. Meanwhile, the S&P 500, that shivering bundle of five hundred egos stuffed into one index, managed a modest 0.3% hop, a micro-jig foiled only by the ghost of pessimism stealing its shoelaces.
In a tweet that could make a priest weep, Peter Brandt proclaimed, without so much as a sigh or elaboration, that crypto has, in fact, “contributed to the ruin of X and social media.” But, my dear readers, what does this cryptic pronouncement mean? Is it a cry for help? A social media existential crisis? The world may never know. Brandt, apparently, has been caught up in a whirlwind of online hatred as he shares his thoughts on Bitcoin’s charts and price predictions. Truly, one might say it’s like a soap opera in the world of cryptocurrency-full of drama, intrigue, and enough emotional baggage to fill an entire season.
Our noble BTC, after a gallant leap to a staggering $124,533, has taken a nosedive, plummeting over 4% to a mere $118,389. Yet, like a phoenix rising from the ashes, it has managed to recover slightly, now prancing around at $119,101. 🦅
Today, the crypto community is abuzz with the high-profile meeting between U.S. President Donald Trump and Russian President Vladimir Putin, a.k.a. the ultimate geopolitical soap opera 🍿. Will they discuss Bitcoin? Probably not, but that won’t stop traders from speculating 🤔. Meanwhile, on-chain activities in the Bitcoin options market are sending mixed signals, like a mischievous GPS guiding you through a foggy forest 🗺️.
The sages of the industry, ever divided in their wisdom, offer opinions as varied as the hues of a peacock’s tail. What shall become of this impending deluge? A tempest in a teapot, or the harbinger of a market maelstrom? 🤔
On CNBC (because where else would you find economic prophecy this dramatic), David Mericle – Goldman Sachs’ chief economist, which is kind of like the captain of the Titanic announcing, “We’re mostly fine, probably!” – states that consumers are about to be hit hardest because, as usual, corporations think they can just shove the bill onto your credit card, your grocery bill, or both.
