According to a freshly baked report from Standard Chartered, institutional treasuries clutch a mere 1% of the total circulating supply of ETH, a figure that seems almost quaint. But make no mistake, dear reader, this is merely the chrysalis, not the butterfly. The bank predicts we might soon witness a veritable corporate stampede, with businesses hoarding up to 10% of ETH. Let the speculative frenzy commence! 🥳
Analyst Ali Martinez posted on X that these heavy hitters snapped up 130 million DOGE when the price dipped, according to Santiment’s data. It’s like they’re predicting a storm and stocking up on popcorn. Moves like this usually hint at big swings, and honestly, the timing is suspiciously perfect – right before all this macro nonsense. Because why not add fuel to the fire? 😂
Now, while NFTs have typically been the playground of clueless collectors, a new wave of daring companies is hoping to treat them like corporate cash—because who needs the boring green stuff when you can have a CryptoPunk, right? 🤑
In a post dated July 29, CoinDCX CEO Sumit Gupta, with the authority of a king, laid the rumors to rest, stating, “Ignore the rumours! CoinDCX is not up for sale.” Two of his loyal knights, the founding partners, swiftly echoed his words, affirming that the kingdom’s focus remains on building a legacy from the heart of India. 🇮🇳
Meanwhile, Ethereum surges—its price ablaze, a phoenix doing somersaults in plain view as speculators gawk like children at a bonfire. In the madhouse of the quarter, prices climb 110%, and big fish line up at the on-chain buffet before the likely ETF deluge turns the appetite into a frenzy of biblical proportions. BitMine Immersion Tech currently sits atop the golden heap with 566,000 ETH—SharpLink, faithful runner-up, sports a modest 360,000 and change. Who said this isn’t a numbers game? Probably the person pretending not to count—while sneakily keeping score on the back of their napkin.
Build euro stablecoins, launch a digital euro (aka “Venmo for grandmas”), and maybe invent teleportation for cross-border payments. 🚀
Key Support levels: $3
The scribes—called “technical analysts” by gentlefolk—whisper in cracked voices: “Altseason is nigh!” They mutter of 3–6 month timelines with the careful hope of gamblers at midnight, clutching metaphors in sweaty palms. Is this 1917 for Bitcoin? Or just another winter’s mirage?