Category: News

Sequans Communications just dropped their last 34 BTC earlier this week and slammed the door shut on that whole Bitcoin treasury experiment. 🖤
The semiconductor firm prioritized clearing debt and locking back into their main chip game rn.

Bitcoin Bag Dumped For Good 💀

Management wrapped the exit they kicked off this year in a measured way and now the balance sheet sits clean with zero crypto left and only light government R&D obligations hanging around. 😈
CEO Georges Karam noted they offloaded the final stash in an opportunistic style but the full focus shifts to semiconductor expansion from here. 🌙
They started peeling away in May by using some BTC to clear convertible debt from 2025 and kept liquidating down to nothing by late September. 🦇
On the bright side their product revenue popped over 80 percent year over year in Q2 while the backlog more than tripled. 🕸️

Other Firms Playing BTC Exit Games 🩸

A few public companies trimmed exposure lately too like Satsuma Technologies which cleared its remaining stash months back. ⚡
Empery Digital let go of 1,400 BTC for around 87 million earlier as well.
Strategy surprised everyone by selling a bit during summer then flipped back to buying once price recovered and the position went green again. 🔥
Strive stayed all in with zero sales and kept stacking up to 25,000 BTC recently plus another 1,355 last week.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin has settled down after some wild swings earlier this week and now sits sideways around $84,000 🌑.

Bitcoin Finds Its Calm Spot At 84K 😌

The top crypto got halted near $82,000 last Saturday when tensions flared between the US and Iran. It dipped even lower to $80,300 on Sunday yet held above that crucial $80,000 zone. Bulls seized the wheel completely on Monday and sparked a massive $7,000 jump that sent it soaring to $87,000 which was the highest spot since late January.

Bitcoin hit resistance right away and slid back to $84,000. It tried pushing higher again the next day but the $87,300 wall proved too tough. That rejection hit harder than expected and dropped it to $84,000 by Wednesday then $83,000 Thursday morning. Still the support level held strong so it bounced back to $85,000 on Friday before stalling sideways around $84,000 ever since though pressure might build up again soon 💀. Its market cap sits calm at $1.680 trillion while dominance slipped to 58.6%.

Mid caps stole the show with big moves while larger alts stayed flat.

Altcoin Surges Steal The Spotlight Tonight 🚀

Ethena’s ENA pumped a wild 24% today thanks to that fresh Binance partnership drop yesterday. CC SUI and PUMP also rocketed double digits among mid caps with AERO and STX trailing close behind. Meanwhile ZEC fell over 4% landing at $1,525 and XMR slipped 2.6% down to $553. XRP HYPE ETH and BNB stayed slightly red but SOL LINK and UNI grabbed some green gains 💸.

The total crypto market cap held steady near $2.880 trillion rn.

Things feel kinda spooky yet exciting in defi land right now lmao 🖤 📉 😂 😈.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin’s epic rally that kicked off back in August and peaked just days ago with that surge past $87,000 could be headed straight into chaos rn cuz the Middle East drama just escalated hard. 🖤 The tension is thick and it’s putting serious pressure on defi flows too.

Trump Drops a Hard No 🔮

According to the Wall Street Journal President Donald Trump straight up rejected Iran’s latest peace offer and even hinted his crew might restart bombing runs right after the November midterms. 💀 This flips his vibe from just weeks ago when he said the whole thing would wrap instantly post-elections. Iran floated a seven-day ceasefire idea at the UN General Assembly through Qatari go-betweens that could open the Strait of Hormuz again and chill the regional attacks fast. They also looped back in with Saudi officials on that key waterway deal since the seven-month conflict has already messed with oil supplies and dragged down the global economy. Iranian Foreign Minister Abbas Araqchi put it out there that everything’s set if the US side wants a real deal to reopen the strait.

BTC Back Under the Shadow 🕸️

Any big moves on the US-Iran front have been shaking Bitcoin’s price since the war started late February and the latest hits last weekend where fresh US strikes hit back against Iran’s responses. 🌑 BTC’s climb got stopped cold at $82,000 and dipped a couple grand quick yet it shrugged it off and even cracked past $87,000 midweek before pulling to $84,000 now. This fresh ceasefire rejection plus bombing threats could totally stall its $20,000 run from mid-August. 🦇 The crypto scene feels the sinister pull lmao and defi plays are watching close. 🥀

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Just another echo from the void by iconofsin.eth 💖

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KelpDAO just filed a huge lawsuit against LayerZero and Bryan Pellegrino over that wild 292 million dollar rsETH hack from April. 💀 They are basically calling out the bridge for dropping the ball on security and not owning up to it at all.

LayerZero Facing Big Accusations For Tech Fails 👀

In a recent X post KelpDAO alleged the exploit came from LayerZero hiding weaknesses and letting their security get breached. That whole drama hits different tho because LayerZero kept pushing blame back on the rsETH setup with its single DVN verifier. Under that 1-of-1 config only LayerZero own verifier could approve a fake message and boom the funds were gone. 🌑 KelpDAO fired back saying the setup followed the official docs and defaults so it was not some rogue choice.

Pellegrino Gearing Up To Fight Back 🔥

KelpDAO wants to hold everyone accountable and make sure the record gets corrected after months of shade 😈 The LayerZero CEO jumped on X super fast to confirm the claim got filed in British Columbia. He straight up said it is meritless and he will defend himself in Vancouver lmao. This scene is giving full Game of Thrones energy in DeFi rn where one minute you are stacking millions and the next everything is crashing into court battles 🖤 Solana folks summed it up perfectly with that vibe check. The whole exploit also touched lending spots like Aave and Compound with assets getting moved across chains while other big drains like the 320 million from Liquid Network and 351 million at Bitget keep the chaos rolling 💸 🚨

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Just another echo from the void by iconofsin.eth 💖

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