According to Validator Queue (aka the saddest tracking site since your ex’s Instagram), withdrawals could take 15 days and 16 hours. That’s longer than most relationships in 2024. 💔 On August 14, the queue was already at 700k ETH-so, naturally, it got worse. Who saw that coming? (Everyone.)
Enter Egrag Crypto, a technical analyst whose name sounds like a minor villain from a science fiction novel, who’s generously warned us that things could get even more…affordable. He suggests we might see XRP sink all the way to a princely $2.65 before it remembers it’s supposed to ‘break out.’ 🤷♂️
Among these stewards of wealth, David Tepper-Appaloosa’s enigmatic tactician-has carved his legacy not through blind adherence to dogma but through calculated reversals that mock the notion of market certainty. His recent maneuvers in the artificial intelligence arena, particularly his near-sixfold escalation in Nvidia (NVDA) and abrupt abandonment of Broadcom (AVGO), read less like investment decisions and more like indictments of an economic order perpetually teetering between innovation and self-destruction.
To have purchased its stock five years past would be to have entrusted one’s fortune to a vessel adrift in a storm, its helm seized by the tempests of technological upheaval. The numbers, stark and unyielding, tell a story of loss-a 54% erosion of capital, a testament to the fickle nature of markets. And yet, the question lingers: should the investor, like a weary traveler, turn his back on this path, or press onward in hope of a dawn yet to come?
Yet there exist certain stocks whose valuations remain remarkably unassuming, offering yields exceeding 4% despite their steady comportment. Brookfield Infrastructure (BIPC) (BIP), Energy Transfer (ET), and W.P. Carey (WPC) stand apart as unpretentious prospects. Their dividends, like well-mannered proposals, arrive with regularity and promise improvement.
Now, one might observe that the current occupants of the $2 trillion+ club-Nvidia, Microsoft, Apple, Amazon, and Alphabet-are rather like the glittering constellation of stars at the Savoy Grill. Nvidia, with its graphics processing units (GPUs) that could make a supercomputer blush, has vaulted past $4 trillion, while Microsoft’s cloud-based AI tools puff along like a Rolls-Royce ascending Box Hill. Yet TSMC, though modestly valued at $1.3 trillion today, appears poised to elbow its way into this exclusive set by 2028, armed with nothing but its wits, cutting-edge lithography, and the sort of quiet confidence one associates with a well-tailored umbrella.
Let’s talk about Circle and Bullish for a moment, shall we? Circle, the brains behind USDC (you know, the stablecoin that’s supposed to be as steady as your grandma’s knitting), and Bullish, Peter Thiel’s brainchild (because apparently, one empire isn’t enough), have both been making headlines. Their stock prices shot up faster than a cat video goes viral on TikTok. But here’s the twist-Circle’s stock has since plummeted like a soufflé in a hurricane, and Bullish is also having a bit of an identity crisis. Classic crypto drama, right? 🎭📉
It failed, of course, to recover. Ethereum, mirroring the lamentable Bitcoin, embarked on a fresh downfall beneath $4,650. Bearish momentum, they call it. I call it the natural order of things. It traded, rather sulkily, below $4,450.
According to a recent press release, 180 Life Sciences Corp., a firm backed by PayPal co-founder Thiel, is changing its name to ETHZilla, also unveiling that it is holding $419 million worth of Ethereum. 🦍💸
95.7% of voting Scheme Creditors supported the Amended Scheme of Arrangement … This outcome reaffirms the strong support shown in the first round of voting and reflects our community’s continued confidence in the restructuring plan.