Picture the scene: ETH’s circulating supply has now nipped past 121 million-roughly the number of times Jeeves has raised a supercilious eyebrow this year. Yet the juicier bit, the subplot lurking behind the arras, is the Great Whale Waltz.
Leading the charge was BlackRock’s Ethereum Trust, or as I like to call it, the big cheese of the ETF barnyard. They scooped up a hefty $254.7 million worth of ETH-enough to make even a fox look fat. During the day, they bought over 62,936 ETH tokens, and the trading volume? Oh, just a humble $1.7 billion. No big deal, just a little number to set hearts aflutter.
Pepe (PEPE), that digital frog of dubious distinction, soared to $0.000012 on Saturday, Aug. 9, its highest perch since July 28 and a staggering 135% above its nadir this year. One can only imagine the champagne corks popping in the parlors of crypto enthusiasts. 🥂
They say when whales move, tsunamis follow. Waves of optimism crash against weary traders, who cling with trembling fingers to their phone screens, praying for “the next crucial test.” Shiba Inu now scuffles at the legendary barrier-the 200 day SMA, poised at a shimmering $0.00001371. This line isn’t merely resistance-it’s destiny, fate, the ghost at the feast. Surmount it and sweet, fleeting victory at $0.000016 and $0.00002 awaits. Fail, and the floor is lava. 🦴🔥
In the dawn of Bitcoin’s infancy, when the world scoffed at its worth, our hero mined 8,000 coins, a treasure beyond measure. Yet, in a twist of fate most farcical, he cast aside the hard drive, sending it to its grave in Newport’s landfill. Oh, the folly of man! 😂
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! 🌟