The 25th audit snapshot, a masterclass in transparency (or is it?), showcased holdings across blockchains. Yet SHIB, with its trillions, stands tall like a meme coin titan, making lesser balances seem as modest as a teacup. 🏰
According to the filing (a lo-fi thriller written in Acrobat), Ripple tied the knot back in July, granting Gemini the magical power to tug its sleeve and whisper, “Oi, lend us five million?” whenever it fancies-up to $75 mil to start, then “maybe more, love, if you hit the gym and stop hemorrhaging cash.” The absolute roof is $150 million, after which Gemini must pay Ripple back in RLUSD, Ripple’s own stable plaything-because nothing screams trust like paying your dealer in the currency they just printed. 💸
Bitcoin’s [BTC] overall demand from ETF complex and treasury firms has dropped sharply, further accelerating the recent pullback from $124K to $112.5K. Ah, what is this but the tragic waltz of capital, dancing to the fickle tune of greed and despair? 💃🕺
On the oh-so-enlightening date of Aug. 20, Celsius announced (to some immediate and others, perhaps through a time-delayed messaging device) the commencement of its third distribution, amounting to a cool $220.6 million. Total recoveries are meandering at a 64.9% of creditor claims, bringing up the rear like an overly cautious duckling in a storm.
The latest trade notifications, which arrived on Tuesday with the punctuality of a well-trained butler, reveal that ARK’s flagship ARK Innovation ETF (ARKK) has annexed a considerable number of shares in Bullish and Robinhood. A staggering 356,346 shares of Bullish, amounting to approximately $21.2 million, and a not-to-be-sniffed-at 150,908 shares of Robinhood, worth around $16.2 million, found themselves under the ARK umbrella. Honestly, it’s a positively thrilling spectacle of financial maneuvering!
Democratic Governor of Illinois, Jay Robert “JB” Pritzker, signed not one, but two bills into law this Monday, promising to regulate the chaos of crypto and protect Illinois consumers. But of course, this is just a cover for his chance to unload a verbal barrage at President Donald Trump, accusing him of giving lobbyists a seat at the policy-writing table.
Bitcoin, that proud paragon of decentralization, now teeters on the edge of a centralized quagmire, thanks to its own PoW folly. How ironic! 🤡
On Tuesday, the Wyoming Stable Token Commission made the big announcement, promising users of this new digital dollar-clone secure, transparent, and efficient transactions. Because who doesn’t want their blockchain-powered coffee orders to go through without a hitch? ☕✨
And yet, after its brief vertiginous flirtation, the token-never one for fidelity-descended to a coquettish $4,306, still 0.7% sexier week-over-week. Imagine, darlings, the market’s monocle slipping in collective swoon.
In a plot twist befitting a mediocre thriller, WazirX, India’s crypto exchange, was ruthlessly hacked last July, leaving it with a hole roughly the size of $235 million. This unfortunate incident wiped out nearly half of the company’s reserves, forcing them to shut down withdrawals and leave users wondering if they’d ever see their digital treasures again. Fast forward a year, and it seems that the phoenix of cryptocurrency is stirring from the ashes-maybe. Just maybe.
