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This here firm, Santiment, a right smart bunch when it comes to pokin’ around on the ‘chain, they’ve noticed somethin’ peculiar. They keep track of how much Bitcoin different folks are holdin’ – a fella with a single coin, a whole mess of ’em, you name it. They call it “Supply Distribution,” and it’s a fancy way of sayin’ who owns the darn thing.

The token, now worth less than a loaf of bread, quivers under market pressure. Its price slumps 2% today, a spectacle for the gullible. Market watchers, with eyes like owls, spy a falling wedge-proof that even the stars conspire against it! 🦉

In this grand pas de deux, the bank has enlisted the services of PricewaterhouseCoopers (PwC), those purveyors of prudence, and the Stellar Development Foundation, the custodians of this digital realm. Together, they waltz toward a future where “institutions have arrived,” as the Stellar Foundation so eloquently proclaimed on Tuesday. Bravo! 👏

Seconds, they claim. Cross-border payments in seconds. Two to three days reduced to a blink. As if the banks aren’t quite enjoying their leisurely pace of transfer. This speed, this… efficiency! It apparently allows one to see where one’s money is. A novel concept, really. 🧐 And fewer fees, naturally. Because intermediaries are so terribly modest about their commissions. Bless their hearts.

Picture this: a frantic 111% volume spike, 4.3 trillion in buy orders over three days – statistically, an obsession. And a Buy-Sell Delta of 300 billion, as if shouting, “Hell, we’re back, baby!” This spectacle of accumulation is nothing short of tragic comedy, a dance of desperation cloaked in the guise of strength.

And in an expertly cheeky move, Texas allocated half of its Bitcoin budget to BlackRock’s IBIT, because apparently, they like their crypto like they like their barbecue: well-seasoned and carefully curated. The average purchase price was a lofty $87k – presumably financed by the state’s spare change from selling cowboy hats and inflatable bulls. Yeehaw! 🐂

The announcement, as is the custom in our digital age, arrived on November 25 via a tweet from the Kalshi Ecosystem account, retweeted by the Near Foundation’s own heralds. Both communities, ever eager for a spectacle, rallied with the enthusiasm of a crowd at a Moscow circus. 🎪🤹‍♂️