Elon Musk-Endorsed Peanut The Squirrel Surges 270% To $1.5 Billion Valuation: ‘Only More Wild Moves Ahead,’ Says Millionaire Trader

Peanut The Squirrel PNUT/USD has surged in both price and valuation, rewarding traders with substantial profits as it continues to attract attention.

What Happened: Analytics platform Lookonchain noted on Wednesday that one trader, who sold 19.4 million PNUT tokens for just 4.08 Solana SOL/USD (worth $697) at a $669 loss, missed a dramatic price increase.

PNUT surged after the sale, meaning the trader’s sold tokens would now be worth $17.5 million. Lookonchain highlighted the trader’s likely regret at the missed windfall.

Meanwhile, another whale pocketed an unrealized $16.8 million from PNUT and FRED trades in one week. This trader initially invested 11,582 SOL ($2.14…

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Bitcoin May Hit $100,000 Faster Than Expected

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It’s been just over seven days since Trump was re-elected as president of the United States, and bitcoin is up over $18,800 (25.3%) at the time of writing. And it’s currently steamrolling its way towards $100,000.

I cannot lie, this is all happening way faster than even I expected.

$100,000 has, for the last four years, been the magic number Bitcoiners have been laser-focused hitting. It felt like there was consensus among…

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Will the Second Crypto President Be Like the First?

This is the dawning of the Age of Crypto. Again.

Number 47. The Bitcoin President. The Crypto President. The Cryptocurrency President.

But not: The Cryptography President.

Back when the word “crypto” meant “cryptography”, the personal computer and the rise of the internet were new tools of expressing freedom and power. The industry driving it was brand-new. New capabilities. New challenges. New regulations. At the center of it all was “cryptography”: a magic power that had once been reserved for secret agent missions and dapper 007 Bonds (not the financial kind). Except that it had reached the point where it was turning up in public and corporate software. The unlikely duo of…

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LATEST: BlackRock’s Bitcoin ETF Hits $40 Billion, Joins Top 1% of ETFs

BlackRock’s Bitcoin ETF, managed under the ticker IBIT, has made financial history by accumulating over $40 billion in assets in just 211 days. This rapid growth has not only shattered the previous record set by the iShares Core MSCI Emerging Markets ETF, which took over three years to reach its peak, but also signals a burgeoning confidence in cryptocurrency investments among mainstream investors.

Eric Balchunas, a renowned ETF analyst, highlighted that IBIT now ranks in the top 1% of all ETFs in terms of total assets. This achievement is particularly notable given that the fund was launched less than a year ago, showcasing the increasing trust and investment flowing into digital currencies.

The success of IBIT reflects a significant shift in investment strategies, where digital assets are now viewed as crucial components of diversified portfolios. This milestone is a testament to the growing integration of cryptocurrencies within the broader financial landscape, promising a bright future for similar products.

I Bought Bitcoin Today – And Felt Nothing

I looked at my wallet and saw a sad six digits. 

It used to be seven, or such was the case after I rolled over the balance of my monthly expenses, dollar cost averaging into Bitcoin and then sending it to my Casa cold storage.

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https://x.com/pete_rizzo_/

Usually, buying Bitcoin is a joyful process. I’d have the satisfaction of picking up at least a bitcent. 

As someone who had that chance to buy Bitcoin at $50 (but thought better of it, LOL) it’s been a bitter time over the years, dutifully stacking away in an…

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Scaling Bitcoin Practically With Ark Labs

Company Name: Ark Labs

Founders: Marco Argentieri and Simone Giacomelli

Date Founded: June 2024

Location of Headquarters: Europe

Number of Employees: Six full time

Website: https://arklabs.to/

Public or Private? Private

Ten years ago, just after graduating from high school, Marco Argentieri began his career in Bitcoin.

Some of his earliest work in the industry included helping people make remittance payments using bitcoin. From those early days, Argentieri looked at bitcoin more like a currency and less like an investment, and he helped to make it easier for others to use.

“I had many people that were using Bitcoin because it was like a Western Union without the KYC hurdles, and it was much…

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