As the news spreads like wildfire, the institutional demand for Bitcoin remains strong, a testament to the growing confidence among investors. The ETF inflows continue, a steady stream of capital pouring into the crypto market, like a river flowing into the ocean 🌊.
Sequans has also teamed up with U.S.-based Swan Bitcoin, a financial services firm that specializes in bitcoin-focused wealth management. Swan will help Sequans with their bitcoin treasury strategy by ensuring “secure execution, robust governance, and market transparency,” according to a press release published by the French company. “We are excited to begin executing our bitcoin treasury strategy,” said Georges Karam, CEO of Sequans. “We believe bitcoin’s unique properties will enhance our financial resilience and create long-term value for our shareholders.” Karam went on to explain that his firm will use excess cash generated from Sequans core business operations to continue acquiring more bitcoin in the future. 🤑🚀
In a spectacle of governmental efficiency, Associate Justice Minister Nicole McKee revealed the shocking move on Wednesday. The ban on crypto ATMs comes hand-in-hand with a sparkling new cap on international cash transfers. It seems the Kiwi government has decided to overhaul its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime with all the flair of a well-meaning bureaucrat. 🧐
But fear not, dear reader, for more than 40 companies are preparing to apply, and institutions from all over the world are welcome to join the fray. It’s a veritable free-for-all, a crypto Wild West 🤠! The competition is sure to be fierce, with the likes of:
This glorious achievement stands as irrefutable evidence of Solana’s superiority over its Layer-1 and Layer-2 competitors. Its ecosystem, ever-growing and increasingly adopted, continues to inspire confidence amongst even the most skeptical investors.
According to Brian Quinlivan, Santiment’s resident fun sponge, “It’s pretty clear that the crowd is starting to salivate over a potential $110K+ Bitcoin market value.” I’m picturing him saying this from a bunker made of spreadsheets, clutching his pearls.
The world’s largest digital asset (yawn) is trading above $108,900, and the CoinDesk 20 index is above 3,100, up 1.7%, because who doesn’t love a good decimal point? 📊
According to the crypto expert, Merlijn The Trader, the altcoin market may be on the brink of a historic breakout. The analyst, who is as sharp as a tack and twice as witty, draws parallels between the current cycle and those of 2017 and 2021. His chart, published on X social media, shows that the total altcoin market capitalization has reclaimed a long-term ascending trendline that had preceded previous vertical expansions during major bull runs. It’s like the altcoins have finally found the key to the bear trap and are now eyeing the exit with a gleam in their digital eyes.
At press time, XRP traded at $2.29 after tapping a local high near $2.33 – a retracement that may serve as a classic support retest, often seen after breakout confirmations. One does hope it’s not a case of ‘too soon, too soon’, darling.
According to the Foundation, Reeve lets ESG-aligned institutions and public agencies publish auditable, verifiable financial records directly on-chain 📊. This tool also integrates with ERP systems and is designed to eliminate the opacity and inefficiencies of siloed databases 💻.
