In a gripping saga on the social media platform X (because apparently “Twitter” is so last season), Balchunas revealed that the iShares Bitcoin Trust ETF (IBIT) is flaunting a hefty $83 billion—making it the 21st largest ETF on the block. How charming. 🎉
This remarkable event, chronicled a mere seven hours prior, bore the stamp of Coinhako, the licensed crypto guild of Southeast Asia, tucked away in the bustling heart of Singapore. The treasures destined for the unmarked address “0x25E” were monumental, a staggering $4.08 million now resting in its digital vault, almost like a dragon hoarding gold. 🐉🪙
It seems Grayscale has decided to take the plunge, following in the footsteps of Circle, the issuer of the world’s second-largest stablecoin USDC. The latter’s IPO was a resounding success, with a valuation of $6.9 billion that’s sure to make even the most skeptical of investors weak in the knees. 💸
But, dear reader, it is not just the absence of taxes that makes the UAE a haven for crypto enthusiasts. Oh no, it is the presence of something far more alluring: a government that is actively courting the crypto community. A government that has established the Virtual Assets Regulatory Authority (VARA) in Dubai, and the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, to provide clear guidelines and regulations for crypto businesses.
Thanks to the blockchain analytics resource, Lookonchain, we now know that a user lost their precious PUMP tokens by performing a simple wallet operation. Oops! 😅
Seems our little BONK community just got a jolt of electricity with news of that monumental one trillion token burn. What a hoot! This spectacle was meant to celebrate the fact that they’re just shy of snagging one million unique holders. Now, whether those tokens were snatched from the developers’ cookie jar or just off the regular tablecloth remains a mystery — but fancy that, it adds a bit of glitter to BONK’s long-winded dreams! 💫
As luck would have it, BeInCrypto has twiddled its thumbs and analyzed three meme coins that investors might want to keep an eye on like a hawk searching for a hapless field mouse.
In the theater of cryptocurrency, bitcoin struts confidently in a bullish play, amidst the clamor of signals suggesting continuation of the act. Yet, beneath the glittering facade, shorter timeframes warn of exhaustion, as if the stage lights are flickering. The daily chart reveals a shiny 25 percent increase, having ascended from a humble $98,240 to touch the nearly heavenly heights of $123,236. This exuberance follows a cataclysmic consolidation, witnessed by a surge in volume—a spectacle demanded by the players. Resistance tightly clutches the $123,000 mark, while the old guard of resistance turned cozy support resides in the $110,000 realm. Our technical analysts, the vigilant sentinels, await a retest of this benevolent support, eyeing a chance to step back into the fray.
According to a Forbes report, the Hungarian government has introduced a new law that targets two offenses: the “abuse of crypto assets” by traders and the provision of “unauthorized crypto asset exchange services” by service providers. 😲
As the great market leader bitcoin tops $122,000 to set new lifetime highs, the broader crypto market is galvanized into action. And SHIB, dear reader, is no exception. 🚀
