After a brief respite on Saturday, the privacy coin rocket, ever impetuous, declared that one day of rest was sufficient. At the moment of writing, ZEC hovers at $646, its 12.8% ascent a testament to the capricious whims of the market, which now dances to the tune of anonymity.
Visser’s analogy is as clear as mud in a teapot storm: venture capitalists back then were trapped in their investments like gnomes in a locked shed, forced to wait out the crash before selling their shares in a panic. “We’ve seen the same thing,” he said, “except now it’s Solana, Ethereum, and Bitcoin getting the IPO-price-of-a-hamburger treatment.”
HODL, with its 0.20% expense ratio, feels like the frugal cousin who still lives at home, while IBIT’s 0.25% fee reads like a dinner invitation to a five-star restaurant. Yet AUM tells a different story: IBIT’s $88 billion is the financial equivalent of a small country’s GDP. One might assume scale brings lower fees, but as we’ll see, the real world rarely obeys logic.
The transaction, involving 150,000 shares representing 4.1% of the fund’s U.S. equity assets, places Dycom firmly in the category of “not entirely negligible” within Bornite’s 35-position portfolio. It’s the sort of investment that suggests careful calculation, or perhaps a particularly persuasive pitch over a liquid lunch.
And yet, beneath the surface of their impressive statistics lies the bitter truth-an ever-present reminder of the paradox of growth. Genius Sports, a titan in its field, relentlessly scales upward, all the while clinging to the very data it peddles, like an addict to the needle of its own invention. They sell the very thing that might, someday, strip them bare of all pretense: information.
The act of selling shares on the open exchange, available to anyone with enough coin to buy them.
Between October 24 and November 5, the firm acquired nearly 170 BTC, a pittance of $14 million, as if plucking coins from the pockets of the proletariat. Eric Trump, anointed Chief Strategy Officer, proclaims their strategy a masterpiece of scaled mining and market manipulation. Yet, one cannot help but wonder: is this the face of innovation, or the mask of avarice? 🤡
“Breaking: The Emperor Trump, in his infinite wisdom, decrees a ‘tariff dividend’ of $2,000 per soul. Behold, the stimulus checks return, like a bad penny or a venereal disease.”
On an ordinary November morning, it was divulged that Stream Finance, that marauder of yield-bearing stablecoin fame, had pilfered $93 million from-very literally-an external benefactor. This meant that _dear_ deposits were ostensibly in peril, and with that, the humble xUSD bid its peg adieu much like a departing lover on a foggy Petersburg night. Other precarious ventures, much like acquaintances in a village, felt the sting by association. From Stable Labs’ deUSD to Elixir’s USDX, all peeled back their stability like a wilted prima donna. Morpho, the local gossip, only hastened the panicked dispatch of capital in a hilarious rush.
Bitcoin, the siren of the digital age, has weathered storms, retreating from its peak like a poet’s lament, dragging down ether, solana, and the rest in its wake. 🌩️
