Despite the tumult, GOP leadership, with a late-night intervention from President Donald Trump, is attempting to rush through three landmark crypto bills before Congress takes its August recess.
After plummeting from $5.3 trillion in Q4 2024 to $4.6 trillion in Q1 2025, the crypto spot trading volumes on major centralized exchanges (CEXs) have plunged even further to $3.6 trillion in Q2, according to the latest report from TokenInsight.
This magnificent feat follows Ethereum’s recent rally, a joyous upturn that has sent its price soaring to heights not witnessed since the days when we all thought hoverboards would be a reality (which, spoiler alert, they are not).
As a crypto investor, I’m elated to see Bitcoin maintaining its all-time high and the company’s shares surging towards $450. This uptrend has made five out of six outstanding bonds particularly profitable, as their stock prices now exceed their conversion thresholds – a state known as ‘deep in the money’. However, the 2029 bond with a hefty conversion price of $672.40 remains just beyond my grasp for now.
Apparently, this is all part of Dubai’s government-led initiative to digitize its real estate sector. Because, you know, the future is digital… and also because it’s a great excuse to use buzzwords like “blockchain” and “tokenization” 🤖.
Following a successful ICO, Pump.fun found itself under the microscope, with many a skeptical eyebrow raised at its $4 billion valuation. And why not? The PUMP token’s about as useful as a chocolate teapot, with no governance mechanisms or revenue-sharing functions to speak of. 🍫👀
Grayscale, known for its flagship products the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE), has taken a major step toward going public by confidentially submitting a draft S-1 registration to the U.S. Securities and Exchange Commission. The details, including timeline or structure, are being kept under wraps, as they await the SEC’s review and market conditions.
But lo, an ancient whale from the Satoshi era has stirred, moving its vast holdings and striking fear into the hearts of the faithful. Yet, the experts, those self-proclaimed sages of the digital realm, argue that Bitcoin’s ability to weather such transfers without catastrophic collapse is a testament to its growing maturity as a liquid asset.
According to the latest data from a well-known blockchain analytics platform, a single wallet now holds over 410 trillion SHIB tokens, a staggering 41% of the total supply. At current prices, this hoard is worth more than $5.4 billion. And no, the identity of the wallet holder remains as mysterious as the plot of a Dostoevsky novel.
While it’s easy to dismiss this as just another FOMO frenzy, a closer look at the numbers suggests there might be more to this story than meets the eye. After all, why would anyone pass up a good tale of market mischief? 🤠
