On a day when the sun dared not shine too brightly (July 11, to be precise), Bloomberg delivered a tale of monstrous fees: JPMorgan, that noble house of finance, declared war on fintechs by charging them a princely sum—up to 1,000% per transaction!—for the privilege of accessing customer data. A financial guillotine, one might say. 💸
Details? Oh, the EU’s splashing out $750 billion on US energy – because nothing says ‘friendship’ like buying a truckload of oil – and tossing in another $600 billion for investments. Sarcastic slow clap here. 🙄 And tariffs? Down from 30% to 15%, but Trump won’t budge further. Classic him, holding firm like he’s guarding the last slice of pizza. 🍕
Ah, but let’s not get ahead of ourselves. The price of Ethereum, dear reader, has been galloping ahead, leaving mere mortals in its dust. Since June’s end, it has surged by nearly 75%. Yes, you heard that right—nearly 75%! Breaking past the once-holy $3,500 resistance like an unstoppable force, it now struts around the $3,770 mark, like it owns the place. This rally, naturally, is fueled by an onslaught of spot Ethereum ETF inflows, a bizarre surge in on-chain volume, and a growing hoard of whales who seem to be accumulating ETH as though it’s the last piece of bread in a famine. The market sentiment? Oh, it’s as bullish as a bull on steroids. 🐂
Now, these “whales”—addresses so rich they could buy a small country—own at least 1% of the circulating supply. That’s right, they’re the ones with deeper pockets than a kangaroo. 🦘 And what does this mean? Well, it’s either a vote of confidence or a game of hot potato. You decide. 🥔
With a flourish, they revealed their grand plan, entering into what they charmingly call a Common Stock Purchase Agreement. This arrangement, worth up to a mere $500 million—peanuts in the grand scheme of existence—also dances alongside a quaint $20 million stock purchase agreement with the ever-mysterious Build and Build Corp. What a name! One can only imagine a whimsical construction crew laboring under the flickering glow of blockchain dreams. 🏗️
“Where, in the bleak eternity of twenty-one years, might this strange, metallic creature called Bitcoin find itself?”
Behold the chart, which reveals a pattern of rapid ascent immediately followed by a sharp, multi-day correction. Yet, despite this retreat, a glimmer of hope persists; for the recent recovery from around $3.10 indicates that the bullish structure, though less vigorous, still lingers. The market’s Relative Strength Index (RSI), now hovering around 62, serves as a gentle reminder that the fervor of yesteryear has abated, while the 200-day EMA—lying humbly beneath the present price—and the short-term EMAs, particularly the 21-day, continue to lend their support. Thus, an intact macro uptrend is confirmed, much to the chagrin of those who would sooner witness a reversal. (One might remark, with a twinge of sarcasm, that if the markets were as constant as our affections, such fluctuations would never give us pause!)
Just a week after raising a mere pittance of $60 million, which is to say, a sum that could barely buy a decent chateau in the south of France, Windtree announced a partnership with the ever-so-mysteriously named Build and Build Corporation. This partnership, as grand as a czar’s decree, unveiled a $200 million securities purchase agreement, all to establish a BNB treasury. Can you imagine? A treasury full of digital tokens, guarded not by knights in shining armor but by algorithms and firewalls!
In a delightfully panicked post on the social media platform X (because Twitter was just too stable), Kiyosaki let loose with some hot takes about Bitcoin ETF shares. He compared them to “paper,” as if we’re on an episode of “Are You Smarter Than a 5th Grader?” and the answer is still a resounding “NO!”