we are in a tradfi cycle.
tradfi loves indexes. believes in emh. believe that the mcaps these tokens are trading at are priced appropriately. ada has one of the largest mcaps. if you are trying to index the "crypto boom" it comes up high on your list. this is the new paradigm.

Who is bidding Cardano (ADA) and why is it up 35% this week?

s4mmy

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Editor's Note: The crazy buying spree of ETH Treasury companies has become the hottest topic in the recent market, and also constitutes the strongest "buying pressure" on ETH prices. Strategic ETH Reserve data shows that as of 8:00 PM Beijing time on August 14th, the total holding scale of major ETF treasury companies has reached 3.57 million ETH, valued at approximately $16.92 billion, among which <BitMine (BMNR)>, <Sharplink Gaming (SBET)>, and <The Ether Mac...>

Six charts analyze ETH chip distribution as new highs approach

U.S. Treasury Secretary Scott Bessent: No Additional Cryptocurrency Reserves, Only Using Seized Assets. On August 14, U.S. Treasury Secretary Scott Bessent declared that the government will not use budget to buy...

US Treasury Secretary: Government Will Not Buy Cryptocurrencies, Only Reserve Confiscated Crypto

U.S. Treasury Scott Bessent advocated for a 50-basis-point rate cut earlier this week.