According to the ever-reliable Coinspeaker and their trusty friends over at Coinglass (yes, the ones who are always there when things go south), the total liquidations hit $771.3 million. A whopping $613 million of that was from long positions. Oh, Ethereum, you were leading the charge with $233.32 million liquidated, while Bitcoin followed like a loyal puppy, losing $179.93 million. 🐶
References to XRP in Parliament are simply part of normal industry discussions and don’t mean the government officially supports it. For XRP to be considered a key part of the UK’s infrastructure, the government or Bank of England would need to formally approve it – something that isn’t likely to happen anytime soon.
Companies involved in artificial intelligence have seen huge stock gains recently. Palantir (PLTR) has increased over 2,000% in three years, while Nvidia (NVDA), a leading AI chipmaker, is up more than 1,300%. Newer cloud companies like Nebius Group (NBIS) and CoreWeave (CRWV) have also experienced significant growth, with their stock prices rising by triple-digit percentages since they went public.
Senator Charles Schwertner, a man with a stubborn gaze and a microphone, spoke to CryptoMoon on Thursday about the birth of this Bitcoin reserve, signed into law by Governor Greg Abbott in June. The document allowed Texas to guard other cryptocurrencies in a “special fund outside the state treasury,” though Bitcoin alone wore the badge when the ink dried. 🤨
In the midst of Ethereum’s steady rise, a new and somewhat shocking debate has sparked among the world’s financial elite. Is Ethereum the next big thing in crypto? Well, according to Joseph Chalom, Co-CEO of SharpLink Gaming (the guy who knows a thing or two about gaming and possibly crypto, because why not?), Ethereum has been crowned the superior treasury asset compared to Bitcoin. Yep, you heard that right-Ethereum is apparently the better choice for corporate treasuries. The cryptocurrency world is in a bit of an uproar, because, you know, Bitcoin’s been the reigning champ for ages, and this new kid on the block is causing a stir.
This monumental announcement comes right on the heels of the firm securing a whopping $150 million in fresh funding-just in case you needed reminding that the world is still brimming with cash. The goal? To create a digital gold treasury that fuses the timeless allure of actual gold with the cold, calculating precision of blockchain technology. It’s the sort of thing that makes you think, “Well, why didn’t I think of that?”
Could mean investors are lining up for another romp through the financial playground, even if the swing set is made of chalk and the slide occasionally squeaks.
Ethereum, bless its heart, is one of the most tragic performers today, losing nearly 6% of its value. It’s like watching your favorite reality TV star go from a sparkling diamond to a broken bottle. ETH has now dipped below $4,100, and it’s headed straight for $4,000-let’s throw a little party when that happens. 🎉 According to CoinGecko, its weekly losses are a delightful 10.6%. But hey, who’s counting, right?
Friday was basically a horror movie for crypto markets, thanks to U.S.-China trade tensions. Trump’s tariff threats were the jump scare no one saw coming. 🎃
