Per Bit Origin’s official statement, they bought DOGE at $0.2466 per token, now hoarding over 40 million. They even invented a new metric called DOGE-Per-Share (DPS), clocking in at 0.691. Because nothing screams “institutional-grade” like a number that’s basically a wink to the universe.
The company, in a move as theatrical as Wilde himself, filed for an IPO offering 5 million shares of its “Variable Rate Series A Perpetual Stretch Preferred Stock” (STRC Stock). Each share comes with a $100 price tag, aiming to raise approximately $500 million before expenses. One can only imagine the champagne corks popping in boardrooms worldwide. 🍾
Wilfred Daye, the Chief Strategy Officer, proclaims with a wink and a nod that Mercurity is no longer just a blacksmith forging fintech tools. Nay, it is now a knight errant, wielding SOL tokens as its sword and validator nodes as its shield. 🛡️ The treasury shall grow, not by mere accumulation, but by the alchemy of staking and the magic of yield. And what of tokenized assets? Ah, those are the jewels in the crown, the prizes of a DeFi realm ripe for conquest. 🏰
Let’s break it down, shall we? Weekly inflows reached an all-time high of $4.39 billion. Yes, you read that right—billion. That’s enough money to buy several small countries or at least a very large island with a moat. This brings the Year-to-date (YTD) inflows to a staggering $27 billion, pushing the total Asset Under Management (AUM) in the crypto market to a record $220 billion. Last time we saw anything close to this kind of cash tsunami was back in December 2024. And folks, if that doesn’t scream “bull market,” I don’t know what does. 🐂
According to the latest whispers from the digital salon, courtesy of the ever-so-elegant analytics firm Alphractal, the once-tight bond between Bitcoin and its lesser-known admirers is beginning to fray. The correlation, a measure of how much these assets move in unison, has taken a nosedive, plummeting from a near-perfect 1 to a rather chilly zero, and even dipping into the negatives. How shocking! 😱
The IPO will (maybe) happen once the SEC finishes their homework and the market is feeling fancy-free 🌟. BitGo is following in the footsteps of Grayscale and Bullish, because who doesn’t want to be part of the cool crypto club 🤩?
Alas, Bitcoin remains in its cozy little corner, still shy of those tantalizing all-time highs. A sour whiff of doubt surrounds its future price strength, and one must wonder if it’s more than just a bad hair day.
The U.S. Department of Justice (DOJ) has brought forth charges against the 48-year-old Hunsicker, alleging that she defrauded investors of a staggering $300 million by presenting a most…creative picture of the company’s financial health 📈. It appears that Hunsicker, in her zeal to keep CaaStle afloat, resorted to forging documents, fabricating income statements, and falsifying bank records, all in an effort to convince investors that the firm was swimming in gold 💸.
Sentiment, that fickle mistress, remains as bullish as a lion in spring, fueled by the twin engines of adoption and legal clarity. Yet, the on-chain data, that cold, unblinking arbiter of truth, reveals a waning in spot buying pressure. 🕵️♂️ The divergence between sentiment and action is as glaring as a peacock at a pigeon party, suggesting that even the most ardent bulls are pausing to powder their noses, perhaps anticipating a correction or a moment to pluck their profits. 💼💸
Our dear Sonic Token (soon to be the Belle of the Ball) vaulted out of its long, tiresome slump after grabbing hold of that sneaky support zone, the POC. It’s like finally finding your lost sock after months of searching beneath the sofa. The low low was around $0.26 — right at the bottom of the valley, where brave investors picked up the crumbs. Since then, Sonic has been zooming upward, making folks blink in disbelief and think, “Did I leave the oven on?”
