qfx

Where will this feud end up?

Supporters, no strangers to a little risk (or a large wager), have hurled their funds into the eternal fray of perpetuals. Such feverish activity is, predictably, stirred by an ecosystem update, the details of which are perhaps best understood by one’s second cousin who “does something with computers.”

In addition, the decentralized finance (DeFi) protocol has posed tough competition to both networks in terms of fees, challenging their long-held positions.

In an X post that’s sure to make your eyes pop, seasoned crypto market commentator Ted Pillows noted that Bitcoin is still dancing to the tune of the Wyckoff Accumulation pattern and is keeping a close eye on the growth in global M2 money supply. 🕺🎶

Gareth, who apparently thought ‘real estate developer’ was just a fun costume for adults, allegedly masterminded a sprawling “grandparent scam network.”
—Think less Monopoly, more criminal LinkedIn endorsements. He allegedly wrangled more than 20 “colleagues” across call centers in the glamorous Montreal area. Dream big. ☎️

The tokens, unveiled on July 30, let investors buy exposure to private companies like SpaceX and OpenAI in the form of blockchain-based digital assets. As part of the rollout, Robinhood also announced a promotional giveaway, offering eligible EU users five euros’ worth of SpaceX and OpenAI tokens if they signed up before a certain deadline. 🎁

According to a recent press release, the Mexican real estate and hotel chain has already dipped its toes into the crypto pool with a starting purchase of 21 BTC. At press time, this digital treasure trove is worth a cool $2.27 million. Not too shabby for a company that’s more used to dealing with towels and minibars. 🛋️💰

Apparently, some big shot Japanese investment firm, Metaplanet, just bought a bunch of Bitcoins. Like, 2,205 of them. For a cool $239 million. I guess that’s like buying a really expensive pair of shoes, but hey, who am I to judge? 👠

Apparently, a whopping 80% of all Bitcoin is now in the hands of “diamond hands” – aka people who are clinging to their coins for dear life and won’t sell without a fight. 💎

Bitcoin holding above $100k should have investors dancing naked under the nearest rainbow 🌈. And yet, like all wizards and city council members, they’re riddled with doubt. Miller Value Partners’ CIO recently mused on Bitcoin’s institutional allure, sighing that, for the TradFi crowd, it’s all about not accidentally blowing themselves up.