The collaboration enables users to deposit their BTC on Sui and mint tBTC, potentially adding over $500 million worth of bitcoin liquidity to the Sui network. It means users can deploy their BTC in the Sui-based DeFi to generate additional yield while seamlessly using tBTC across the ecosystem.
Now, how are they planning to do this, you ask? With the grace and subtlety of a whale flopping onto a beach, they’re going to offload some snazzy 10.00% Series A Perpetual Preferred Stock through something that sounds vaguely like fast food: the at-the-market (ATM) program. You know, because nothing says “trust me with your money” quite like a fancy acronym that also happens to be the place you get your cash and terrible snacks. Expect to see this initiative generate, brace yourself, up to a whopping $4.2 billion! Yes, billion with a B. 🤑
Picture, if you will, dear reader, a river of tokens—250 million $PI, no less—gushing forth between the twilights of June 28 and July 15, 2025. Valued at a stately $135 million (give or take a yacht), these tokens tumble into the marketplace with all the grace of a herd of caffeinated rhinoceroses. Sell pressure, as the market cognoscenti love to whisper in dark corners, is mounting with the dignity of a collapsing soufflé. The bold are advised: if you must watch the price charts, bring sunglasses and perhaps a fainting couch. Volatility doesn’t knock; it kicks down the door.🚪💣
Amidst this growing threat, Ethereum [ETH] has become the hackers’ favorite playground, a digital candy store for the morally bankrupt.
Guillemet took to Twitter to share some intriguing details that preceded these colossal Bitcoin moves and offered possible explanations for the same.
Musk’s succinct declaration that “fiat is hopeless” has already sent shockwaves through the halls of power and the digital currency community. It’s as if he’s dropped a digital bomb, and everyone is scrambling to see where the pieces will land. 🧨
It’s said that price is the best measure of appeal of any asset. To the dismay of bitcoin
On a sultry June evening, just before the rooster crowed and the exchange rates plummeted (as usual), Bit Digital (NASDAQ: BTBT) uttered words the Bitcoin mining world will never forget. “Enough with the digging! We embrace staking!” The year: 2025. The witnesses? Startled investors, sweating miners, and keyboard warriors from all seven continents. One can only imagine the howls echoing across basements filled with whirring ASICs and the sudden crash of mining rigs yanked unceremoniously from outlets.
Several factors, including exchange-traded fund hype, increased demand, and technical indicators, are fueling this optimism. But let’s not get ahead of ourselves, shall we? After all, in the world of cryptocurrencies, one moment you’re soaring like an eagle, and the next, you’re plummeting like a stone. 🪨🦅
Not to be overshadowed (by either competence or existential dread), Internet Computer mustered 185 commits, while Arbitrum, clearly emboldened by the existential futility of it all, landed at 175. Hedera clocked in at 160—presumably because someone forgot to switch off their automated commit bot. Meanwhile, the familiar proletariat of Polkadot, Chainlink, and Tezos soldiered on, their progress steady, their hope eternal, and their coffee supplies running dangerously low.