Cryptonews

Most recently, Wynn was consigned to the treasury of misfortune when his brave but naive 10x leveraged long bet on Dogecoin (DOGE)-that noble creature of digital humor-was wiped out, leaving him a modest $22,627 poorer, as per the oracle of blockchain, Onchain Lens. Still, that paltry sum is but a drop in Wynn’s gilded bucket, which famously contained a $100 million long that liquidated on May 30 amid BTC’s flirtation with a $105,000 low. Truly, one’s riches are but sandcastles washed away with poetic regularity.

They just snagged 103 more Bitcoin worth about $11.8 million. That’s right, folks, total hoarding now stands at 18,991 $BTC, worth a whopping $2.14 billion! Can someone say “cha-ching”? 💰💰

Glassnode, that vigilant scribe of blockchain lore, has scribbled in its ledger: $110,800 is the sacred average cost of new investors, those brave souls who bought during May to July’s “I-just-have-to-know” frenzy. A time when Bitcoin’s price danced higher than a peasant’s heart at a village fair.

The Pi Foundation is keeping quiet. Seriously, the silence is deafening. Are they working on some big investment thing? Last time, they threw $20 million at this AI robotics startup, OpenMind. Sounds impressive – unless it’s just a guy with a Roomba and a dream. Some folks say this is all about restructuring. Or cleaning up. Or hiding the evidence. Who knows?

And what of the altcoins, you ask? They are in a state of utter disarray, akin to a flock of chickens caught in a rainstorm! Ethereum, that once-mighty titan, has shed over $550 since its latest all-time high, while others are dropping like flies, with daily declines of 5-6%. Truly, a spectacle worthy of a tragicomedy!

Now it’s hovering around $110,000, and the charts are screaming, “RUN FOR YOUR LIVES!” On-chain signals? Oh, they’re about as comforting as finding a hair in your soup.

Here’s the gist, in case you were busy actually, you know, living:

The analysts at Bitfinex-those modern-day oracles of blockchain babble-insist that the much-anticipated altseason will remain a distant mirage until more crypto exchange-traded funds (ETFs) grace the market. Bitcoin dominance has already slipped by 6% over the past month to around 58.5%, yet the masses yearn for easier access to altcoins via regulated products. Without such conduits, they argue, the dream of a “rising tide lifts all boats” scenario is about as likely as a unicorn riding a skateboard. 🦄🛹

Instead, Bitpanda flirts with Frankfurt and New York, like a debutante at her first ball. No timeline is set, but one can almost hear the waltz music playing in the background as these financial capitals vie for attention. Wise, the British fintech darling, already packed its bags and moved abroad. Perhaps Bitpanda thought, “Why not me too?” 🎩✨

This bold endeavor unfolds as the institutional crowd continues their relentless quest to treasure the lands of cryptocurrency. Of course, Bitcoin (BTC) and Ethereum (ETH) vie for adoration like venerable rock stars, but Solana? Solana’s playing its own siren song, luring tech titans and corporate knights with its snazzy, if occasionally temperamental, swordplay.