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Just caught the Forbes Rich List update and Jed McCaleb's net worth sitting at $3.9 billion is pretty wild - guy's basically one of the OGs of crypto infrastructure between Ripple, Mt. Gox, and Stellar. The whole Ripple cofounder story is interesting because he got 9 billion XRP at launch and spent years offloading it. Jed McCaleb net worth being that high really shows how much wealth concentrated in early crypto plays. Chris Larsen from the same project is even higher at $12.3B, which puts both of them in rare air among crypto founders.
Meanwhile, SHIB is grinding toward that $0.0000006 level again - if it breaks through, we're looking at defending a $3.5 billion market cap to stay top 30. Currently hovering around the mid-range after yesterday's 11% pump. Not bad considering the market's been choppy, but the token's still got skeptics saying it's overvalued.
On the mining side, MARA just moved 298 BTC to market makers, which signals they're getting serious about selling some reserves. Mining costs are brutal right now - averaging $70K per coin with only the most efficient operations hitting $45K. They're not dumping, just need liquidity for operations. Market's basically waiting on today's CPI data to decide whether we're heading toward $80K Bitcoin or pulling back to support. Classic wait-and-see until the Fed speaks.