According to Glassnode data (that super-accurate source of Bitcoin gossip), LTHs and STHs typically act like two rivals, one selling in the bull’s face while the other buys into the euphoric madness. But now, they’re both on the same side—hoarding coins like they just found the last hidden treasure chest in a video game. 🎮
On July 9, in a move that has all the subtlety of a fireworks display, our dear crypto exchange Kraken announced a partnership with the dashing tokenization firm Backed and the oh-so-glamorous BNB Chain. They’re taking their xStocks and expanding it into the arms of one of the most fervent blockchain networks available, like a starlet stepping onto the red carpet. 🎉
According to a press release that found its way to crypto.news, this publicly listed artificial intelligence and infrastructure company is planning to shake things up. They’re not just changing their name; they’re also setting their sights on establishing a Bitcoin treasury, and who better to guide them than Mark Moss, starting from August 1, 2025? 🚀
So, you’re staring at the daily chart, hoping for some action, but nope! Bitcoin’s forming what they call a “higher low” at $108,000, which basically means it fell down, took a little nap, and still refuses to get up. Support between $98,240 and $100,000 is apparently “holding firm”—Oh, congratulations! Give it a medal! Meanwhile, resistance at $110,587 is just sitting there, rolling its eyes every time Bitcoin tries to get close. Volume’s picking up around the lows, which might mean someone’s actually getting interested, but my guess is they’re just bored. If it can actually breach $110k with “conviction” (whatever that means), up we go! If not, and it dips below $104,000…well, cue the sad trombone.
The dread $8.7 billion residing within those digital vaults looms large, becoming a veritable Pandora’s chest for any fraudster with a lurking penchant for the legally dubious and the comically absurd. 🎭💰
SPX6900 (SPX) is trading at $1.42 as of press time, a 8% jump in the past 24 hours. This follows an earlier 11% surge, bringing its 7-day gain to a whopping 20%. The current market cap stands at $1.32 billion, based on a circulating supply of 930 million tokens. Daily trading volume reached $94.4 million, with price action ranging between $1.28 and $1.44, according to Coingecko data. SPX6900 is still down 17.8% from its all-time high of $1.73, recorded on June 11, 2025. Yet, the broader trend remains upward, buoyed by recent market interest and social activity.
If you trust the whispers of Bloomberg (do you? perhaps you should), Tether has almost 80 tons of the shiny stuff, putting them right up there in gold-hoarding contests with mastodons like central banks and those mysterious sovereign nations. Even El Salvador, coffee mug in hand, wants to gobble up more.
To seek answers, one must dig—past the surface shimmer of charts and the evangelist’s din. Here lies a paradox stitched with centralization and hesitation. Like a poet whose soul is held by a committee, XRP is tugged both forward and back, its ambitions gasping beneath Ripple’s heavy cloak of ownership and the industry’s half-hearted applause. Investors, with the worry lines of unpaid poets, feel the chill: if one steward holds the great purse, is the price at a masquerade, or is it unchained? 🎭
On July 8, as the midday sun tormented secretaries and shareholders alike, an announcement rippled through the wires: GameSquare has hatched an Ethereum treasury stratagem, beginning with an eight million dollar rallying cry, artfully extracted from underwriters (whose nerves, presumably, are made of either titanium or vodka) and swiftly galloping towards the shimmering oasis of ETH yield ventures. 🏇✨
It turns out, global folks are stampeding to buy US treasuries like they’re Beyoncé tickets. The deficit? Eh. Eisman thinks it’s less “fiscal crisis” and more “unlimited breadsticks at Olive Garden”—everyone keeps coming back and no one seems to regret it (yet).