Now, Bitcoin’s [BTC] little rally this week might be more akin to a game of musical chairs, where the music stops and there are fewer chairs than players. The supply on Binance is dwindling, and that could lead to some wild price swings ahead. Hold onto your hats, folks! 🎩
On a balmy Saturday, August 5, Pi Coin (PI) languished at $0.400, a whisker above its monthly nadir of $0.3198. A price so low, it’s practically paying *you* to ignore it. 💸😏
Now, what’s behind this jolly good show? Why, it’s the institutional types, of course, pouring their dosh into Ethereum Exchange-Traded Funds (ETFs) like there’s no tomorrow. Since July, these ETFs have gobbled up a cool $1.99 billion in net inflows. BlackRock’s ETHA ETF, the old sport, managed to snag $727 million in a single day-not too shabby, eh? Meanwhile, ETH reserves on centralized exchanges have dwindled to a mere 12.3 million, the lowest since 2018. Seems the chaps are holding tight, no selling pressure in sight. 🤑
And would you believe it, Sea Limited’s earnings shone brighter than a diamond, beating those stodgy analysts with a $0.65 per share figure-an overachiever, up 40% this year, darling! Meanwhile, Philip Morris, that cuddly old tobacco titan, got a hefty boost of $2.04 billion. Who said quitting smoking was passé? Not these folks-PM is up 80% and still paying dividends faster than a gossip columnist at a tabloid gossip fest.
In a recent tête-à-tête with his 83,700 adoring YouTube followers, Svenson suggests that Bitcoin might just ascend another 30% from its current perch. Oh, what a climb! 🌟
In a particularly thrilling Friday post on X (don’t ask how they got there-maybe via a drive-thru?), Steak ‘n Shake gushed about its sales that jumped higher than my hopes of fitting into my favorite jeans post-holiday feasting. “Thanks a million to the Bitcoin community!” they exclaimed, right after Biglari rolled out their second quarter financials like a proud parent. Dan Edwards, the COO who probably dreams in stock prices and french fries, shared during a Bitcoin Conference (because where else would you discuss fries?!) that they’re “saving 50% in processing fees.” And folks, that’s the kind of maths I can get behind-Bitcoin, Burgers & Beyond sounded better than my love life! Who knew cryptocurrency could be so delicious? 🍕💖
Lucie points out, with the delicate tact of a rhinoceros doing ballet, that whilst everyone’s chatting about creating the next big thing for SHIB, very little has actually… materialized. The issue? Funding. It seems building stuff requires, and here’s the revolutionary bit, money. Who knew?
Community members are now suggesting burning $20B in tokens to make scarcity cool again. But Pi Network? They’re rolling with the vibe of “Why reduce supply when you can just… not?” 🤷♂️
I must check that the instructions “Rewrite the following text” are adhered to. I’ll check if any details are missing. Let me check the original text sections and ensure they are all included:
Trump’s executive order essentially tells the Department of Labor to roll up its sleeves and start reviewing the rules for 401(k) plans. Why? Because someone somewhere decided that your retirement savings should be more exciting than just *waiting for retirement*. According to the order, workers will soon have the *privilege* of investing in crypto, private equity, and real estate – assets that have historically been available only to the rich. That’s right, the same people who throw $100 bills in the air at their parties. Well, now, thanks to Trump, you too can pretend you’re part of that crowd.