Now, this isn’t just a happy little puppy scurrying around. No, sir! This project kicked off its pre-launch festivities on April 1-no joke!-and has been steadily sniffing around the $850,000 milestone by July 25. But wait, there’s more! Husky Inu is eyeing an even bigger ball of cash-$872,976 so far, to be exact-ready to howl at the moon when it hits that $900,000 mark. 🎯
With a market cap of $409.6 million and daily trading volume flirting with $342 million, ZORA is swimming in liquidity deeper than the ocean. But is a pullback lurking around the corner, ready to pounce like a hungry catfish? Let’s dive into the numbers and see if we can separate the gold from the fool’s gold. 😉
With these freshly minted bytes of “digital gold,” Sequans’ hoard now stands at a majestic 3,171 BTC-enough, if stacked end-to-end, to reach the moon and back (assuming the moon has excellent Wi-Fi). All told, the firm has poured roughly $370 million into this cyber-treasury, for an average cost of about $116,709 per bitcoin. The spreadsheet practically glows with smug certainty: their average buy-in is so close to current market levels that it could borrow sugar and still pay it back before the next halving. 😏
What’s fueling this madness, you wonder? Oh, just a trifecta of tomfoolery:
Gone are the days when only crypto whales had to worry about being dragged into a van. Now, even your cousin who bought $6,000 worth of Dogecoin on a whim is fair game. And yes, people are dying over sums that wouldn’t even cover a decent used car. Vranova claims these crimes are happening weekly, which makes me wonder if we should start calling it “Crypto Crime Day” instead of Taco Tuesday. 🌮⚰️
The avowed raison d’être for this latest adrenaline jab? Apparently, Donald Trump and Vladimir Putin were rumoured to be sharing a cordial Diet Coke next week, giving world peace-and, naturally, digital tulips-the merest prospect of a handshake. Nothing cements a bull run like geopolitical gossip. Meanwhile, the US CPI numbers toddle in tomorrow to remind everyone that even in utopia, rent is still due.
In a world where the value of a coin can be as fickle as the weather, S&P has taken it upon themselves to assess the stability of these digital wonders. This endeavor, which began in 2023, aims to evaluate the ability of stablecoin issuers to maintain a steady value relative to the good old-fashioned fiat currencies. The review delves deep into the creditworthiness of Sky’s liabilities, the USDS and DAI stablecoins, and the sUSDS and sDAI savings tokens. 🤔💰
Tron [TRX], in recent weeks, has embarked on a steady climb, a testament to both its technical prowess and the growing faith of investors. As Tolstoy might muse, “All happy cryptos are alike; each unhappy crypto is unhappy in its own way.” But let us delve deeper into the story of TRX.
But wait, there’s more! This extravagant acquisition is merely a piece of a grander puzzle, a $500 million private funding round led by the illustrious 10X Capital and YZi Labs. It appears BNC has decided to put all its eggs in one basket-BNB, to be precise. The token has become the primary reserve asset of the company, as if it were the last slice of cake at a particularly raucous birthday party. 🎂
According to a new quarterly report from Bybit and Block Scholes, published on August 8, Bitcoin’s (BTC) share of the total non-stablecoin crypto market cap is on a steady upward trend. This is a bit like watching a cat climb a tree-fascinating, but you can’t help but wonder when it will come back down. Historically, BTC’s dominance peaks before a wave of capital rotation into altcoins, but this time, it’s like the wave forgot its surfboard.