The oracles at CryptoRank have crunched the numbers and, alas, June is second only to that villainous September in the pantheon of months hell-bent on ruining your crypto portfolio. Average returns: -6.56%. Median returns: -5.65%. Not exactly Champagne statistics. Ethereum, it seems, knows how to host a red carpet—just not the sort you want at a gala.
On a perfectly normal Monday (as if Mondays are ever normal in finance), ARK jettisoned 342,658 Circle (CRCL) shares with the careful grace of a pub patron yeeting a beer mat, netting a gentle $51.7 million for their trouble. Hats off to ARK’s relentless quest to experience new and exciting ways to spell “profit”.
Enter stage left: Senator Elizabeth Warren, torch in hand, ready to storm the castle and warn us all that if Congress doesn’t tweak the fine print, billionaires like Musk and Bezos might get even richer (yes, apparently they still need help).
The UK, having previously wobbled like a tipsy uncle at a wedding over crypto regulations, now appears to have sobered up and decided to join the international shin-dig with a smile and a firm handshake.
In a tweet that could make a cat laugh, Luxxfolio declared, “One reason we chose Litecoin as our treasury asset is that it has rising economic activity with a low speculative demand. Which should make it a great future store of value.” Well, if that doesn’t sound like a fancy way of saying, “We’re not following the herd,” I don’t know what does! 🐑