Let’s set the stage: MARA made a big announcement, waving about the sort of money that would make your bank manager faint. In a classic tale of financial one-upmanship, they gave early buyers the option to grab an extra $200 million in what’s known as “convertible senior notes.” These are basically IOUs, but with fancier shoes and a clause to demand the last slice of pizza.
This dramatic ascent, I’m told, is all thanks to those institutional exchange-traded products and a fresh wave of treasury companies scooping up the asset like it’s the last canapé at a Coward soiree. And one of these firms, Bitmine Immersion Technologies, believes ETH is as undervalued as a witty remark at a dull dinner party. 🍾🤭
The result? A synchronized dance of regulations across continents, prompting a most…enthusiastic response from the market. One almost suspects a certain amount of frantic repositioning, like startled pigeons seeking cover. 🕊️
In what can only be described as a delightful episode of “Will They? Won’t They?”, SUI has experienced a quaint little 1% hiccup this week. Yet fear not, dear reader! It remains snugly above the vital psychological support of $4.00. After reaching a dizzying six-month high of $4.44, this price surge is like a phoenix rising, especially after a rather pesky May 2025 incident dubbed the ‘Cetus Capers,’ which momentarily had everyone clutching their pearls.
Only 14% of American adults dare to own crypto, while 60% show complete indifference.
Trump Media & Technology Group (TMTG), the masterminds behind Truth Social (yes, *that* social media platform), have decided to dip their manicured fingers even deeper into the cryptocurrency cookie jar. Their latest venture? A whopping $300 million investment in Bitcoin-linked options. One might say they’re not just dabbling anymore—they’ve strapped on their dancing shoes and waltzed straight into the volatile ballroom of crypto trading. 💃🕺
Apparently, these folks have been busy bees 🐝, buzzing around the digital asset space like it’s a crypto-themed flower garden. Their mandate? To “address issues” and “gather information” about cryptocurrencies and blockchain technology. Aka, they’re trying to figure out how to make sense of this wild west of finance. 🤠
Ethereum is on the brink of breaking $4,000 for the first time since December, fueled by 7 consecutive days of stronger inflows into spot ETH ETFs than BTC products. With ETH’s market cap still just one-fifth of 🐎’s, smaller allocations from institutions and corporate treasuries are having an outsized price impact, an effect that appears to be accelerating. 🚀