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.
Now, as she navigates the dizzying waters of AI stocks, Wood doesn’t just paddle about with her more speculative investments. No, she also grabs onto some reputable blue chips with something akin to desperation-like my attempts to steal cookies from the jar while simultaneously ensuring my mother doesn’t catch me in the act.
Over the last triennium, Apple’s stock has eked out a mere 30% increase, rendering it a near pariah among the “Magnificent Seven” – a tragedy more pronounced when one notes it merely trails the erratic Tesla. Meanwhile, the S&P 500 has outpaced it, guiding the battered investor’s psyche through unfamiliar misgivings. Such disconcerting realities are hardly typical for a company once revered for its indefatigable ascent.
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.
The most recent quarterly announcements unfurled on August 4, revealing that demand for Palantir’s Artificial Intelligence Platform (AIP) had soared to such heights that it surpassed the expectations of Wall Street’s watchful coven. The company, it seems, has redrawn its projections for the full year, leaving investors grappling with questions that shimmer in the sunlight yet remain disturbingly shadowed by the prospect of future returns.
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. 🦴🔥
We’ll start with the bright side, though I reckon even the sun don’t shine as bright for some as it does for others. Pinterest’s revenue climbed 17% year-over-year, a figure that’d make a barn-raiser proud. They added 8 million users-nearly double what the sages predicted-and now boast 578 million monthly users, spread across the globe like confetti at a parade. Growth in every region, from the U.S. & Canada to Europe and the “Rest of World” (a phrase that sounds like a polite way to say “everywhere else”).
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! 😂
To put it in plain terms-imagine this: Five years ago, you decided to take a punt on Nvidia. You forked over $10,000-probably as a completely random decision based on nothing but a vaguely positive gut feeling, or perhaps because the name “Nvidia” sounds vaguely futuristic. Today, that humble sum of $10,000 would be worth approximately $160,000. That’s a 1,500% gain. A mere 1,500%. Now, if that doesn’t make your head spin like an overloaded GPU in the midst of an AI training session, I don’t know what will. And, naturally, we can all agree that no one ever seems to remember when people said things like, “It’s just a graphics card company; how could it possibly go that far?” (At least, no one who made that statement would probably care to admit it today.)