The cause of this sudden infatuation? Why, a rather dashing buyback plan initiated by StablecoinX, Ethena’s treasury arm, which since July 21 has indiscreetly removed $150 million worth of ENA tokens from the market – nearly 3.5% of the supply vaporized like a puff of smoke at a magician’s soirée.
Lo and behold! The esteemed Bitcoin, the very first of its kind, attempted to ascend beyond the celestial limit of $113,000 but was met with a brutal and unceremonious rejection by the daunting bears. Just yesterday, on the fateful date of September 5, 2025, it dared to increase by a mere 2%, only to be swiftly sent spiraling back down to a somewhat pedestrian $110,300.
But wait, there’s more! Polymarket is getting ready to make a grand re-entry into the U.S. market. CEO Shayne Coplan announced that they’ve got the regulatory thumbs up from the Commodity Futures Trading Commission (CFTC). It’s like they’ve been given a golden ticket to the land of opportunity, but instead of chocolate, it’s all about those sweet, sweet event contracts. 🎟️🇺🇸
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Gather ’round, crypto adventurers! MemeCore (M), Story (IP), Pump.fun (PUMP), Sky (SKY), and POL (POL) are currently hogging the weekly gains spotlight, according to our trusty oracle, CoinGecko. Yes, that’s right-those are the five sagely chosen champions in this week’s tale of upward spirals and dollar signs.
So, Sol Strategies, they’re holding something like 400,000 SOL. Four. Hundred. Thousand! It’s a pile of digital shekels, I tell ya! And now, Wall Street gets a whiff of it. They finally noticed there’s something happening in the crypto world besides rug pulls and Dogecoin. It’s about time! It’s like bringing a bagel to a fancy tea party – a little unconventional, but surprisingly effective.
Flux, for those of you who missed the memo, is the cumulative net flow of ETH. A positive flux means more deposits (read: panic selling), while a negative flux means more outflows-cue the aggressive buyers, probably wearing lab coats and whispering “this one’s a keeper.” 🤝
Here’s the scoop on how you can spend your digital doubloons today-with a dash of humor, sarcasm, and emojis because why not? 😏
Mark well, dear reader, the sage observations of Arab Chain, a CryptoQuant luminary, who doth proclaim that from the 16th of August to the 3rd of September, Ethereum’s Binance Exchange Supply Ratio (ESR) hath plummeted with dramatic flair! Though ETH’s price remaineth steadfast in the mid-$4,000 realm, its ESR hath tumbled from 0.041 to 0.037, a decline most precipitous, all within a fortnight! 🕊️