AI Tokens Rocketing, Market Cap Smashes Through $15 Billion

Bitcoin has somehow managed to creep back up near $60,000 again, sending crypto fanatics into yet another tizzy at this latest milestone that still remains far below Bitcoin's all-time highs. Cue the celebratory tweets proclaiming the brilliant future of internet funny money!

But while Bitcoin's largely meaningless price movements stoked excitement amongst the investment LARPers, the true crypto whales are taking a different approach. According to Nansen data, these shrewd gamblers have turned renewed interest in crypto into huge buys of altcoins like Shiba Inu, Pepe Coin (yes, Pepe Coin is sadly a real thing), and Chainlink instead of big daddy Bitcoin.

Shiba Inu took the crown as the most popular pump-and-dump target, raking in $4.61 million from an army of Redditors-turned-investors who seem to value owning 20 quadrillions of something over any sort of fundamentals. Pepe Coin and its meme-tastic name took home $1.55 million, likely from financial experts who found Dogecoin too intellectually overwhelming. And Chainlink proved old school still has some play left, rounding out the top 3 whale purchases for the day.

Surprisingly, these whale cash infusions actually pumped the prices substantially, almost as if fundamentals and rationality have no bearing in Crytoland. Pepe Coin took top honors with a totally sustainable, not-at-all-manipulated 52% increase overnight. SHIB wasn't far behind at 48% as the virtual casinos swung open their doors again! Meanwhile, Chainlink moseyed slowly upwards at a 2% gain, clearly the forgotten, ginger-haired stepchild of this lotto lineup.

So while your serious investor friends insist on focusing on Bitcoin's march to all-time highs again, make sure to point them to SHIB, PEPE, and Chainlink—where the REAL fundamentally sound, whale-battled action is happening! Just don't have them come crying when the house of cards collapses. Hey, not investment advice and all! winky face

The Key Reason Why Bitcoin (BTC) Just Blasted Above $60,000

Brace yourselves for another riveting episode of "Bitcoin Mania"! Yes, cryptonauts, you heard it right: Bitcoin, that rollercoaster of a cryptocurrency, has once again decided to grace us with its presence in the headlines by smashing through the illustrious $60,000 milestone. Hold onto your hats, because according to the latest updates from CoinGecko, it's currently lounging comfortably at $60,405.

But wait, there's more! Bitcoin isn't content with just hitting new all-time highs in a couple of countries; oh no, it's gone above and beyond, conquering the hearts (and wallets) of over 30 countries, including the land down under, Australia. Because who needs traditional currencies when you've got Bitcoin, right?

Now, what's the secret sauce behind this meteoric rise, you ask? Well, hold onto your seatbelts, because it's none other than... drumroll... Bitcoin exchange-traded funds! According to the oracle of our times, Jim Bianco from Bianco Research, Bitcoin ETFs are all the rage, surpassing even the mighty SPDR S&P 500 ETF and the Invesco QQQ ETF in trading volume. Can you believe it? Neither can we. But hey, who needs traditional assets when you can bet your life savings on Bitcoin ETFs?

And just when you thought things couldn't get any more ludicrous, BlackRock's iShares Bitcoin ETF decided to flex its muscles with a whopping $520 million inflow in a single day. Because why not throw half a billion dollars into the digital abyss, right? It's not like traditional investments are a thing anymore.

But hey, hold your horses, because according to Blockstream CEO Adam Back, we're just getting started! He's predicting that Bitcoin could hit a cool $100,000 by the next halving event, which is just 51 days away. Because who needs rational analysis when you've got wild speculations and unfounded optimism?

Of course, we'd be remiss if we didn't remind you to exercise caution. After all, investing in Bitcoin is like riding a unicycle on a tightrope over a pit of hungry crocodiles—exhilarating, sure, but one wrong move, and... well, you get the idea. So, as always, remember to do your due diligence and maybe keep a spare parachute handy, just in case.

3 Crypto Gems we like:

1. Coti: COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their payment solutions as well as digitize any currency to save time as well as money.

2. AIT Protocol: The AIT Protocol stands as a trailblazer in the domain of Web3 data infrastructure, placing a significant emphasis on the annotation of data and the training of AI models. This innovative protocol leverages the power of blockchain technology to create a decentralized labor market that transcends international boundaries. In this unique market ecosystem, participants are incentivized through the principles of crypto-economics, ensuring not only the rapidity of cross-national payment settlements but also the utmost trust and security.

3. Prisma Finance: A borrowing protocol allowing users to mint a stablecoin, mkUSD, fully collateralized by liquid staking tokens.

• Sergey Nazarov Says Bitcoin ETFs ‘Just The Beginning’ Before Banks Launch Massive Tokenization Campaign 

• $0.001 Shiba Inu Price ‘Closer Than Ever’ As Mysterious Whales Go Crazy On SHIB Accumulation

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DP

*DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your research.