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.
An inquisitive member of the X community sought enlightenment on the creation of trust relationships between entities and their associated tokens, as meticulously documented in the XRPL documentation. This gentleman pondered aloud about scenarios wherein XRP serves merely as a token for transaction fees, allowing institutions to establish trust relationships without the necessity of engaging in direct transactions with XRP. 🤔
Ah, Ark Invest, like an eager child in a candy store, snatched up circa $177 million worth of BLSH stock. This thirst for cryptocurrency has become more common than one’s craving for morning tea.
So, just when you thought the crypto market was on a roll, it suddenly hit the brakes. Over $1 billion in long and short positions vanished faster than a magician’s rabbit on Aug. 14. According to Coinglass (updated at 10:30 p.m. EST), a staggering $872 million of those liquidations were from long positions. For those of you who aren’t into the whole “liquidation” thing, that’s money that was *poof* gone. Short positions made up the leftovers.
According to the number-crunchers at Arkham Intelligence (yes, that’s a real thing, not a Batman spinoff), Elon’s space gang is sitting on 8,285 BTC. That’s roughly $1 billion in today’s rollercoaster crypto economy. 🎢📈
*Source: X (formerly Twitter, if you still care about legacy names)*
Mr. Bessent, a gentleman of no small influence, has now clarified that his department is indeed exploring budget-neutral avenues to acquire Bitcoin for the Strategic Bitcoin Reserve – a statement that stands in stark contrast to his earlier remarks that had sent the Bitcoin market into a tizzy. “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve,” Bessent declared in a missive on X this past Thursday, much to the relief of Bitcoin enthusiasts.
According to Arab Chain, Binance’s Bitcoin stash has gone from a modest “I’ve got a secret” to a “let’s throw a yard sale” situation. The exchange, which has always fancied itself the host of the most exclusive crypto soiree, now holds more BTC than a gold-obsessed pirate. High liquidity? More like high-stakes poker with digital gold. 🐀🃏
But as the sun dipped low, casting long shadows over the day’s events, Bessent seemed to have a change of heart. In a post on X, he proclaimed with newfound enthusiasm that the Treasury was “committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.” It was as if he had discovered a hidden stash of apples in a tree that had seemed bare. “Seized assets will remain the foundation,” he emphasized, as if trying to convince himself that this was a solid plan. The government, it seemed, was now open to the idea of finding clever ways to add to its digital hoard, like a raccoon rummaging through a trash can for shiny objects.
In the last 30 days alone, Ether has surged by 60%-yeah, you read that right-hitting a near four-year high of $4,770 in early trading. Other reports are saying it’s chilling just a little lower at $4,694, which is still a 78% spike over an eight-week period. You’d think Ether was working out at the gym with those gains. 💪🏽
