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After a grandiose 80% surge in July, BONK’s hype is now slowly deflating like a balloon in a sauna. 

Ark made a solid addition on August 19, purchasing another 356,346 Bullish shares for a total of $21.2 million, closing the day with a stock price of $59.51. Not bad for a Tuesday investment! 🙌

In an unfortunate mimicry of Bitcoin and Ethereum, XRP price languishes in its bearish torment after a stubborn scandal with the $3.120 level. Bereft of higher support, it trudges below the $3.00 sanctuary.

In an apparent race to the bottom, Ethereum has failed to regain composure after plummeting below the $4,550 mark, joining Bitcoin in this rather unfortunate trend. ETH’s latest plummet saw it tumble beneath the $4,350 support zone. Talk about dramatic flair! 🎭

Once upon a March 2018, Rogoff issued a pronouncement worthy of Cassandra herself: Bitcoin, claimed he, was fated for doom-a mere instrument for evildoers, fit only for laundering nefarious fortunes and cheating the taxman. At the time, Bitcoin’s price, like a fainting debutante, collapsed from nearly $20,000 to a tepid $11,000, and, as any tragic French comedy demands, plummeted deep to just over $3,000 before winter’s chill had truly settled. Rogoff’s lament echoed the chorus of bubble-pop prophets, all convinced that this unruly crypto spectacle would soon expire-perhaps dramatically, with an offstage crash and thunder.

But wait! Before you rush off to buy some FRNT tokens in a frenzy of patriotic fervor, take heed: regulatory hurdles still loom large. The token remains tantalizingly out of reach for the public-at least for now. According to an enigmatic post on X (formerly Twitter) from the Wyoming Stable Token Commission, trading will open “in the coming days” during an exclusive early access period via Kraken exchange. And if exclusivity is your thing, there’s also talk of Visa-integrated card platforms and Avalanche-based rainbows-or something like that. 🌈💳

The UK’s OFSI report drops the mic on this mess: “Oh yeah, we hacked Lykke in June 2024. No KYC? No problem. Let’s just bridge stolen BTC to ETH via Thorchain and pretend we’re not criminals.” 🚀

Governor Mark Gordon, that paragon of progressive politics, has declared Wyoming the “leading state on blockchain.” To which we can only reply: *leading*? My dear sir, you’ve merely planted a flag in the sandbox of innovation. But to each their own frontier! 🏳️‍🌈

In this grand ballet of commerce, VCI Global shall pirouette with a 70% stake, while its partner, the custodian of Bitcoin reserves, remains firmly in the wings. Their focus? Tokenizing real-world assets, offering vault services, and entwining encrypted systems with AI computing. How très chic! 💎

At the SALT conference in Jackson Hole, Wyoming on Tuesday, Jenny Johnson, a third-generation manager, voiced her views and emphasized her convictions about the most impactful applications of blockchain technology and where investments should be made, according to her perspective.