Simultaneously, derivatives positioning is changing faster than a chameleon at a disco party, with top traders enthusiastically building long positions. Historically, such delightful combinations of enthusiasm and confusion have heralded key turning points rather than dragging us further down the rabbit hole of despair.
Fannie Mae, a major financial company that supports nearly 40% of U.S. home loans, will now begin accepting mortgages backed by cryptocurrency, according to a recent report in the Wall Street Journal.
Just two cryptocurrencies, created by a single person, currently have a combined value of less than $9 million. Recent news about these tokens is confusing and leaves many things unclear.
In his X post, Crypto Patel, with the gravity of a prophet and the precision of a soothsayer, declares the $1,800 to $1,400 range as the sacred accumulation zone. A sanctuary for the faithful, where one might hoard Ethereum like a squirrel hoards acorns for a winter that may never end. He points to $4,700 as the great wall, the resistance that must be breached. Beyond lie the promised lands of $10,000, $15,000, and the fabled $20,000. By 2030, he says, the bull will roar, and the peak will be reached. Patience, he intones, is the virtue of the crypto martyr.
Bitcoin ETFs saw a small net increase of $7.8 million on March 25, suggesting things might be calming down after a large decrease the day before. This growth was mainly due to a significant increase in investments into Fidelity’s FBTC ($83.3 million), which balanced out selling of BlackRock’s IBIT ($70.7 million) and small decreases in ARK’s ARKB.
Within the span of a month, one name, Strategy, seized 45,000 BTC, while every other treasury body clacked together a measly thousand. That lone purchase is the cliff‑edge that the rest have slipped from, leaving a 99 % shrinkage in communal enthusiasm, save for the lone Sparrow, Michael Saylor.
According to a recent report from CoinShares, some Bitcoin mining operations are now unprofitable, especially those using older equipment or dealing with high electricity costs.
Macron, the maestro of euro-denominated stablecoins and the digital euro, will pontificate before 10,000 eager souls on the strategic priorities of European digital sovereignty. Oh, the irony! A continent once divided by crowns and crosses now unites under the banner of binary code. And who better to lead this charge than the man who once declared, in the hallowed pages of the Financial Times, that Europe must “strengthen the international role of the euro” through the sorcery of stablecoins and the alchemy of digital currency? Truly, a man ahead of his time-or perhaps, merely a man chasing the ghost of Charlemagne in a world of zeros and ones.
This missive, shared upon the platform X (formerly Twitter), hath garnered considerable attention within the crypto sphere, particularly as Coinbase, in a move most perplexing, hath once again declined the Senate’s stablecoin yield compromise. One cannot help but wonder at their obstinacy.
The co-founder of Fenbushi Capital now offers a bounty for those daring enough to assist in the noble quest to recover the lost riches, as investigators once again embark on this adventure with their shiny new tools and promising leads.
