qfx The SEC’s division of trading and markets, with a twinkle in their eye, granted an “accelerated approval” of the Bitwise 10 Crypto Index conversion into an ETF on Tuesday. This meant Bitwise could have asked the SEC to declare the registration effective earlier than the usual timeline, but oh, how things can change in a blink! 🌪️
Behold the tokens in question: BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX). Upon hearing this exhilarating news, traders erupted with joy, resulting in price surges akin to caffeinated kangaroos performing aerial stunts. BNKR was particularly popular, experiencing the kind of double-digit excitement one usually reserves for lottery winners and UFO sightings.
Bitcoin had a bit of a sulk recently, dipping below the $118,500 comfort zone and even poking at $116,200 like it was testing the waters for a swim in disappointment. It hit a low at $116,260 before bouncing back with the enthusiasm of a cat spotting a laser pointer. 😼
Bitcoin’s been flexing so hard this bull market, it’s basically the Dwayne “The Rock” Johnson of crypto. And now, long-term holders—those patient, diamond-handed legends—are finally taking profits like they just remembered they have bills to pay. The Spent Output Profit Ratio (SOPR) is skyrocketing faster than my anxiety at a family reunion.
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This partnership, a gleam of hope or maybe just a passing whim of fancy, has been brewing since 2021, like an overcooked borscht simmering on a forgotten stove, when Coinbase first whispered sweet nothings to its shareholders. And what’s that? A few days prior to President Trump’s grand signature on the GENIUS Act, the gears of bureaucracy finally chugged into motion. Resources and regulations appearing out of the ether! How delightful! 🙃
According to Chairman Lee—a name that sounds like it belongs in a secret society rather than a CryptoQuant Quicktake post—Bitcoin exchange reserves have been climbing since late June. This, apparently, means people are cashing out faster than you can say “Lambo.” Profit-taking is up, which could spell trouble for BTC in the short term. Or not. Who knows? This is crypto, after all.
Bitcoin [BTC], that restless beast, now slumbers in a consolidation phase, its paws twitching near the $123,000 mark—a place where legends say fortunes are either forged or buried. Accumulation, they whisper, precedes breakout. Or perhaps, a midlife crisis.
OpenAI’s Stargate project—a massive, sprawling AI infrastructure venture backed by the usual suspects: OpenAI, Softbank, Oracle, and MGX—was announced with all the fanfare of a presidential campaign in January 2025. The plan? Spend up to $500 billion over four years building shiny new data centers across the U.S. to tame the AI beast. Sounds like a sci-fi dream, right? Well, buckle up, because recent reports from the Wall Street Journal suggest that the dream might be more of a nightmare.
On Monday, July 21st—or, as future historians may call it, “The Day Before The Million”—DeFi Dev Corp. announced their treasury was brimming with 999,999 SOL. Just one more and they’d unlock… well, probably nothing special, but let’s not spoil the fun. This milestone comes after what can only be described as a shopping spree worthy of someone who just discovered Black Friday sales exist—a cool $19 million spent between July 14th and July 20th at an average price of $133.53 per SOL. And how did they fund such extravagance? Partly through an equity line of credit, because apparently even blockchain billionaires need layaway plans.
