So what’s the big deal with BSOL? It’s the first-ever U.S. exchange-traded product (ETP) to give you 100% direct exposure to spot Solana (SOL). For those of you not keeping track, that’s fancy talk for: “Hey, if you want in on Solana, this is your golden ticket.” The fund pulled in a jaw-dropping $69.5 million in net inflows on its very first day. 😱 Yes, you read that right-$69.5 MILLION. Maybe it’s time to get into crypto, folks.
In a recent CNBC appearance, the Strategy founder-a man who’s bet his entire farm (and then some) on Bitcoin-declared with the confidence of a riverboat gambler that Bitcoin is destined to hit $150,000 by the end of 2025. And that, my friends, is just the appetizer. For the main course, he’s serving up a prediction that’ll make your wallet weep with envy: $20 million per coin over the next two decades. 🤑🚀
As revealed by the ever-watchful on-chain data analytics platform known as Lookonchain, our whale investor, identified only by the most mysterious address, 0xc2a3, hath recently tilted his affections toward Solana. Indeed, he hath divested his holdings in Bitcoin and Ethereum just a mere day after augmenting his Bitcoin longs to a staggering sum of 2,186.34 BTC. Ah, the dramatic flair!
Transaction value is based on the SEC Form 4 price ($505.29 per share); post-transaction value? That’s the trade-date closing price doing some quick math behind the scenes.
Matt Hougan, Bitwise’s chief investment officer (a title so fancy it makes you want to wear a monocle), was practically glowing when talking about the Bitwise Solana Staking ETF (BSOL). He called it “the missing part of the puzzle,” during a chat on CryptoMoon’s Chain Reaction daily show. And, as if on cue, millions of dollars flooded in. 💸
Ah, the sweet scent of progress! BDACS, the so-called “prominent” South Korean company, has once again partnered with Circle, the blockchain giant, to bring its pride and joy-KRW1-to the world. This is no mere crypto gimmick, folks. No, no. KRW1, which once debuted timidly on the Avalanche network, now seeks to extend its reach to global heights. You can almost hear the applause-don’t you just love it when things fall into place?
The portfolio reveals familiar constellations: GEV, VRT, and RKT orbit closely, their gravitational pull steady. Yet Hut 8’s trajectory merits attention. Shares closed at $49.80 on October 27, having surged 189% year-over-year-a sprint outpacing the S&P 500 by two hundred whispered promises. The company’s balance sheet bears the peculiar arithmetic of the digital age: $162.38 million in revenue accompanied by a net income of $331.88 million, as if prosperity here is mined not from earth, but from the volatile strata of cryptocurrency itself.
Enter The Real Remi Relief, a man who’s either a prophet or really good at using emojis. 🦸♂️ He claims XRP at $1,000 is “peanuts” compared to the U.S. national debt of $37.8 trillion. Let’s all pause to appreciate the sheer audacity of calling a $1,000 crypto price “peanuts.” Meanwhile, the average American is over here struggling to afford a 2025 toaster. 🍞
According to a Wednesday communiqué (which is just fancy talk for “we pressed send”), the product-called the Grayscale Solana Trust ETF-began trading under the snazzy ticker GSOL on the New York Stock Exchange Arca. Because nothing says “serious” like having your fund live on what sounds like a robot’s coffee machine. ☕🤖
According to the solemn scrolls of Yonhap News, BDACS inked a “memorandum of understanding” with Circle, the alchemists of stablecoins. Technical cooperation! Regulatory alignment! Ecosystem development! Truly, the holy trinity of blockchain buzzwords. One wonders if they’ll also share a group hug. 🤝
