Brevan Howard, the hedge fund that’s always looking for the next big thing, nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter. By the end of June, they were holding 37.9 million shares, up from a mere 21.5 million in March. Talk about a growth spurt!
Bitcoin’s (BTC) 30-day implied volatility, as measured by Volmex’s BVIV and Deribit’s DVOL index, has declined sharply in recent months, hovering near two-year lows of around 36% last week, according to TradingView data. (Bitcoin’s volatility is now lower than my ability to stay awake during a meeting.) 😴
The British Treasury’s sanctions office (aka the fun police) pointed their finger at these state-backed hackers for swiping Bitcoin, Ethereum, and other shiny digital coins. Lykke, once the darling of zero-fee trading, is now a cautionary tale. Meanwhile, Pyongyang is rolling in stolen crypto dough, funding weapons programs like it’s Black Friday at Kim Jong-un’s Missile Mart. 🎆🔫
Under the watchful eye of the Thai Securities and Exchange Commission, this project ensconces itself within a regulatory sandbox, a place not for children, but for strict oversight of KYC and AML standards. Foreign visitors, perhaps slightly bewildered, shall open accounts with *approved* providers of digital assets and e-money. These magicians will issue a Tourist Wallet that promises instant conversions of Bitcoin into humble local currency-what a rare and splendid trick indeed! Oh, and don’t forget, it links to your foreign debit and credit cards too; because why not throw in a little madness? 💳✨
Enter Peter Brandt, the veteran trader who, armed with on-chain metrics and a healthy dose of skepticism, has declared there’s a 30% chance that BTC has already peaked. Yes, you heard that right-30%! That’s like saying there’s a 30% chance your cat will finally learn to fetch. 🐱
XRP’s leap to $3 has 94% of holders grinning like a cat with a laser pointer, but history says this might be the peak of their joyride. 🤑
Like a protagonist in a novel penned by the likes of our dear Fyodor, bitcoin charts revealed a tale of great ascension to $124,517, only to plummet sharply, seeking solace near $118,000 once more. The support holds-a steadfast bastion between $117,000 and $118,000. Yet, the volume now speaks in hushed tones, betraying a crisis of faith among its buyers. A breakout above $119,000 with true fervor could herald an ascent towards $121,000 to $122,500; yet should it falter below $116,500, oh, then we might glimpse the bearish beast beginning its ruthless march once again.
Now, they plan to list their shares on the Nasdaq Global Select Market under the ticker “GEMI.” A name that rolls off the tongue like a fine wine, don’t you think? And leading this merry band of financial wizards are none other than Goldman Sachs & Co. LLC and Citigroup, who are strutting their stuff as bookrunners. They’re joined by Morgan Stanley and Cantor, with a whole host of others-Evercore ISI, Mizuho, Truist Securities, and a few more-like a parade of eager puppies, all vying for attention. And let’s not forget the co-managers, Academy Securities and Amerivet Securities, who are probably just happy to be invited to the party. 🎉
Centrifuge’s CEO, Bhaji Illuminati (Yes, that’s a real name), owes this amazing feat to those less risk-averse than a CVS cashier: institutions moving from the test drive to “real deployments.” They’re also getting a lot of love from folks who like ‘onchain allocator demand’-almost like asking for more than T-bills. 😏
The enthusiasm that once fueled retail traders has now evaporated into thin air, leaving sentiment colder than a Siberian winter. It’s been a rough four months, and suddenly everyone’s an expert on how not to get burned by stagnant prices. Last 24 hours? A real emotional rollercoaster with more frustration than a bad sitcom rerun. Yet, amidst the gloom, there’s a glimmer – some investors, probably with a sense of humor, see this lull as a clearance sale for the brave (or the foolish). Data from Santiment shows that while hope is waning, money still filches in-Chaikin Money Flow flexes above zero, because apparently, money is just as stubborn as Pi Coin.
