Cryptonews

Behold, the latest gossip from the cryptosphere: Bitcoin, that enfant terrible of finance, now trades at a modest $121,950, a 3.3% ascent in the past 24 hours. This audacious leap places it within a whisker of its mid-July zenith of $123,218. On-chain whispers reveal a massacre of short positions-92% liquidated, no less-as the price surged past $120,000, triggering a cascade of stop-loss tears and amplifying the buying frenzy. A drama fit for the West End! 🎭💔

Crypto firm Alt5 (Nasdaq: ALTS) has managed to scrape together a cool $1.5 billion, presumably after raiding the couch cushions of every Wall Street magnate they could find. Their plan? To purchase roughly 7.5% of all World Liberty Financial Inc. (WLFI) tokens in existence. Yes, dear reader, they’re going full-on “crypto hoarder.” According to their oh-so-official Monday press release, this will establish a WLFI treasury strategy. What exactly is a treasury strategy, you ask? Why, it’s either a brilliant masterstroke or just another way to make spreadsheets look important. 😉

The company has declared it will issue and sell 200 million shares, splitting them between a direct offering and a private placement to fund this extravagant purchase. ALT5 will be left clutching 7.5% of the total WLFI supply, a feat that would make even the most seasoned investor raise an eyebrow. 🤨

Our dear friend GodstarPL, in the throes of an enlightening update via X, has taken pen to parchment to declare that Solana is, indeed, enjoying a rather splendid stay within an ascending channel on the daily chart. This bullish structure reflects an unwavering thirst for more, as if Solana itself had decided that lounging in the sun is not nearly as satisfying as a robust little rally. A tip of the hat to the bullies, who are apparently intent on pushing towards the $220 mark-the upper boundary of this channel, which serves as a veritable Mount Everest of resistance. Ah, but reaching this peak could galvanize further buying activity and wave a flag of triumph for all bulls involved.

On August 7, the legal drama between the U.S. SEC and Ripple Labs finally took its final bow, with both parties jointly filing to dismiss all appeals in the U.S. Court of Appeals for the Second Circuit. The Ripple (XRP) price chart, ever the drama queen, is now priming itself for a retest of its ATH, a peak last seen eight years ago in January. The price is a mere 15% away from that lofty summit, though it’s pulled back slightly after its 11% surge on August 7-profit-taking, they call it, or perhaps just cold feet. 🏃‍♂️💨

But wait, there’s more! The company now plans to clutch onto approximately 7.5% of WLFI tokens like a miser guarding his last kopeck. And oh, what’s this? A “WLFI treasury strategy” is on the horizon, because nothing screams innovation like repackaging old ideas with new buzzwords. 🧳💼

This flashy suggestion, which popped up and exploded into the vibrant world of crypto like a fireworks stand in a drought, didn’t just generate polite applause; it acted like a shot of espresso for native tokens right out of a steampunk coffee machine. The price of both their popular STG and ZRO tokens rocketed off the charts, which, let’s face it, is a trick any crypto wizard would be proud of.

Witt isn’t your typical “HODL for life” bro. He’s a policy wonk who moonlights as the Acting Director of the Pentagon’s Office of Strategic Capital (OSC). Think of him as the crypto equivalent of a Bond villain, but with a PowerPoint instead of a lazer grid. 📊 His mission? To fund “critical technologies” while steering the U.S. toward crypto domination. Sounds less Bond, more Office Space meets House of Cards.

If this deal goes through-and oh, what a delightful “if” it is-Northern Data shareholders will receive 2.319 Rumble Class A shares for each of theirs, leaving them with about 33.3% ownership of the newly minted tech behemoth. Or, as we might call it, Frankenstein’s Monster Inc. Of course, nothing is final yet; the offer hinges on due diligence, negotiations, and regulatory approval-a trifecta of bureaucratic hurdles that could make even Kafka roll over in his grave. 📜

Meanwhile, the glittering sparkles of hope-or folly-shine on top ERC-20 tokens, such as Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST). They’re heating up, not in a sauna, but in a presale frenzy. Investors, in their infinite wisdom or madness, fuel this carnival ride, thinking maybe, just maybe, this time is different. 🎢✨