qfx Earlier this year, the Minister of Finance, Enoch Godongwana – a name that surely echoes with authority – declared his expectation that the South African Reserve Bank (SARB) would grace us with this framework. One assumes a fanfare accompanied this announcement. 🎺
Our beloved cryptocurrency, the largest of its kind, briefly flirted with the idea of breaking free from its horizontal prison, only to be met with a barrage of selling pressure that sent it tumbling back to the mid-point of its range. A pivotal moment, indeed! Will it rise again like a phoenix, or is it destined to wallow in the depths of despair? 🤔
In the fortnight past, Ethereum’s valuation, previously languishing at the modest sum of $3,500, has found itself trading with buoyancy within a channel of ascendancy, elevating most charmingly to nearly $4,700. As this letter is written, the currency stands at $4,646, having briefly relinquished a modest 1.72%-a droplet in the ocean, no doubt-to prior gains of 19% over a mere week.
The plan, as reported by the Financial Times (which presumably had to explain what a ‘Bitcoin’ was to several senior staff beforehand), involves hoovering up companies in Asia. Japan first, possibly Hong Kong if they can find a good parking space. The goal? To build a strategically significant pile of Bitcoins. It’s like a national stockpile, except instead of canned beans, it’s…numbers on a ledger. 🧐
A young scholar, one Maartunn (a name which, I confess, does not immediately evoke images of profound economic wisdom), has observed a peculiar phenomenon. He has scrutinized what he calls the “Coinbase Premium Gap” – a rather ungainly phrase, but one which apparently measures the difference in price between Bitcoin traded on the American exchange, Coinbase, and the more cosmopolitan Binance. It seems, the good Maartunn posits, that the Americans are willing to pay a little *more* for their Bitcoin than those worldly traders over at Binance. A curious display of patriotic fervor, perhaps? Or simply a reflection of deeper pockets?
Witness the fervor! In that brief window suspended above the abyss, Qubic-relentless and somewhat melodramatic-mined no less than 80% of Monero’s blocks. That’s 750 XMR, not to mention a comically oversized stash of 7 million XTM. The rewards rained down with all the subtlety of a Dostoevskian confession in a dim Petersburg alleyway.
According to their August 14, 2025 press release, they also slapped A7 LLC, the brainchild behind this masterpiece, onto the Specially Designated Nationals list. Because, you know, nothing says “we mean business” like a bureaucratic blacklist. 📜🔨
The outfit hunkers down in New York City where the rent is high and the morals negotiable. They’ll safeguard your digital doubloons, let you trade ’em, and even pay you pretend interest if you agree to lock ’em up tighter than Aunt Polly’s jam closet. Revenue for the first half of the year tallied up to $67.9 million-sounds mighty fine till you notice the hole in the bucket is $282.5 million wide. That’s not a leak, that’s Niagara Falls with a funnel.
In the past week alone, the U.S. spot ETH ETFs have strutted their stuff with a record $17 billion in traded volume. If this momentum persists-and oh, how the heart yearns for such drama-last month’s paltry $5.43 billion net inflow shall be but a distant memory, a footnote in the grand saga of greed and ambition. 🤑✨
HIVE’s Bitcoin mining venture, that stalwart of industry, clucked its way to $40.8 million-a 44.9% leap, no less! Their hashrate, that elusive siren of the digital seas, swelled from 5.9 EH/s to 8.7 EH/s. 🌊⛏️ How quaint! They mined 406 Bitcoins, a 34% increase, despite the network’s difficulty throwing a tantrum like a spoiled aristocrat. 🧐
