TL;DR

• El Salvador’s Bitcoin Treasure Trove Hits $483 Million in Value

• USDC Treasury Mints 50 Million New Coins on Ethereum—Because Why Not?

• Bitcoin Open Interest Rockets Past $50 Billion—Who’s Betting Big?

• CoinShares Bags $1.98 Billion Inflow into Digital Assets—Someone’s Feeling Confident

• FTX Sues Binance and CZ—$1.8 Billion Beef Alert

• Bernstein Says Bitcoin Will Hit $200k by 2025—Moon or Bust?

• PeckShield Calls Out DeltaPrime’s $4.8 Million Loss on ARB and AVAX

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Alpha of the Day

El Salvador’s Bitcoin Treasure Trove Hits $483 Million in Value

El Salvador is going all-in on Bitcoin like that one friend who just discovered crypto and won’t stop talking about it. With their Bitcoin stash now at a whopping 5,930 BTC, President Bukele’s government has accumulated around $483 million in digital gold. It’s like they’re playing a giant game of “hold or fold,” and so far, they’re doubling down on “hold.” If Bitcoin keeps climbing, they might end up with one of the best-performing national treasuries… or at least one of the most unique! For now, El Salvador remains the poster child for “HODLing” on a countrywide scale, taking a bet that could pay off in a huge way—or just make for some serious headlines.

USDC Treasury Mints 50 Million New Coins on Ethereum—Because Why Not?

It seems like every other day, the USDC Treasury just waves its magic wand (or wallet?) and poof—millions of new USDC appear on the Ethereum blockchain. This time, it’s 50 million fresh USDC ready for circulation. As one of the most popular stablecoins, USDC has been helping traders zip in and out of crypto trades without the wild price swings. And with the Treasury minting these coins at such a pace, it’s almost like they’re making digital cash rain. The crypto world just got a bit more liquid… and maybe, just a bit more stable.

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Bitcoin Open Interest Rockets Past $50 Billion—Who’s Betting Big?

Bitcoin’s open interest has surged to an all-time high, breaking the $50 billion mark. Basically, this means people are placing more bets than ever on the future price of BTC. Bulls are convinced it’s moon-bound, while the bears are probably just here for the chaos. With more cash on the line than most of us can dream of, the Bitcoin market is getting juicier by the day. Who knows? With stakes this high, we might be in for some wild rides on the BTC rollercoaster, and we’re all strapped in for the drama.

CoinShares Bags $1.98 Billion Inflow into Digital Assets—Someone’s Feeling Confident

CoinShares is reeling in the big bucks, with digital asset investment products pulling in a cool $1.98 billion in net inflows last week alone. That’s a whole lot of enthusiasm pouring into crypto. Whether it’s institutions getting FOMO or savvy investors hedging against traditional markets, there’s a serious appetite for digital assets right now. If this trend keeps up, CoinShares might have to throw a little “Thanks for Believing in Crypto” party, because it looks like people just can’t resist a piece of that digital pie.

FTX Sues Binance and CZ—$1.8 Billion Beef Alert

The drama in crypto-land just got juicier: FTX is taking Binance and Changpeng Zhao to court, demanding a hefty $1.8 billion back. It’s the kind of billion-dollar spat that only crypto can offer, with accusations flying as fast as meme coins. This case is bound to keep everyone glued to their screens as FTX tries to squeeze its way back to a fatter wallet. Whether they win or lose, it’s a reminder that in crypto, loyalty can be as thin as a single tweet, and alliances turn on a dime (or a billion).

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Bernstein Says Bitcoin Will Hit $200k by 2025—Moon or Bust?

Bernstein’s crystal ball is predicting Bitcoin will hit a jaw-dropping $200,000 by the end of 2025. In two years, they say, Bitcoin could be worth more than most of our dream houses. If Bernstein’s on the money, we’ll have a lot of new Bitcoin millionaires living their best lives. Of course, not everyone’s buying it, but a little crypto optimism never hurt. With predictions like this, Bitcoin’s future looks so bright, you might want to start shopping for those moon boots.

PeckShield Calls Out DeltaPrime’s $4.8 Million Loss on ARB and AVAX

In the “Ouch” department, PeckShield just announced DeltaPrime’s $4.8 million loss from a failed attempt to trade ARB and AVAX. Talk about a pricey mistake! While some traders are out here making bank, DeltaPrime’s misstep is a reminder that crypto isn’t all rainbows and lambos. It’s a jungle where a single miscalculation can cost millions. They’re licking their wounds now, but hopefully, DeltaPrime bounces back with some wiser moves… or at least a few lessons learned.

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