Penn Capital Sells BGC Stake as Market Groans with 31% Surge

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Penn’s folks filed their quarterly confession-more formally known as a U.S. Securities and Exchange Commission (SEC) form-and it said they cut their stake in BGC pretty dramatically. The number: 1,615,590 fewer shares, estimated to be worth roughly $17.1 million at the average price in the last quarter. After the shuffle, they still hold 622,783 shares, valued at a modest $5.9 million-more pocket change in the grand ledger of investing. So it goes.

Moment of Silence for Traditional Banking: DWF Labs Drops $75M on DeFi Dreams (No, They’re Not Gonna Save Your 401k)

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These folks are eyeballing the next wave of DeFi projects-because who doesn’t want a decentralized exchange that doesn’t crash every two seconds? Think: money markets, yield protocols, and perpetual DEXs-basically the financial version of assembling Ikea furniture but with more complicated screws. Managing Partner Andrei Grachev (try saying that three times fast) says DeFi is now entering its “institutional phase.” Translation? The big kids are finally showing up to the party, and they’ve brought enough capital to make it rain.

Solana’s $36M Hack: Will Bulls Ever Clear $150 or Just Cry at the $145 Wall?

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So, here’s the plot twist: A massive $36 million hack on Upbit involving Solana has thrown a wet blanket on the entire market. Talk about ruining the vibe! Early reports say the breach was due to unauthorized access to user accounts, and not a flaw in Solana’s core protocol (phew, sort of?). But does that stop the panic? Nope. Traders are losing their cool anyway. 🙄

🤑 Robinhood & Susquehanna Snatch 90% of MIAX’s LedgerX – Miami Holds Onto 10% Like a Lifeboat! 🚀

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Miami International Holdings (MIAX) has announced the sale of a whopping 90% equity stake in MIAXdx (formerly known as LedgerX, because who doesn’t love a good rebrand? 🎨) to Robinhood Markets and Susquehanna International Group. This deal, set to close in the first quarter of 2026 (or whenever the CFTC stops napping 😴), involves MIAXdx, a Commodity Futures Trading Commission (CFTC)-approved Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) that specializes in fully collateralized futures, options, and swaps. Fancy, right? 🎩✨

🚨 MERL’s 22% Rally: Bullish Bliss or Bearish Blunder? 🚨

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So, the million-dollar question (or should I say, the 0.31-dollar question?): Is this rally the real deal, or just a flashy illusion? The charts, my friends, are not pulling any punches. They’re whispering-no, shouting-“bull trap!” And let’s just say, it’s not the good kind of trap, like the one that catches your neighbor’s cat. 🐱

The Grim Dance of Markets: Bitcoin’s Desperate Rise and Nasdaq’s Power Play

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Crypto literature’s prophet, Adam Livingston, scoffs with a sardonic smile, proclaiming it “incredibly bullish news.” As if Bitcoin’s trembling heart needs yet another injection of speculative frenzy-moving from the “ETF adoption phase” to the shimmering nightmare of derivatives’ domain, where the vertical ascent is only matched by despair. It is a realm where traders dance on the edge of the abyss, speculating on futures they scarcely understand, all while pretending they control the chaos. 🚀

Is Tether’s Bitcoin Love Affair Its Undoing? 🤔💰

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In its typically stodgy manner, S&P bemoaned that Tether’s financial arrangments-while spruced up with mentions of U.S. Treasury bills-boast a more colorful bouquet of assets. Think corporate gumball, secured loans, the odd glittering bauble, and, more critically, a burgeoning bounty of Bitcoin.