A one-ton tungsten cube was just bought by a crypto cabal for $250,000

What’s 14.545 inches across, weighs one ton (around 907kg or 2,000lbs), and just sold to a group of anonymous crypto investors for roughly $250,000? Why, it’s the biggest tungsten cube ever to be manufactured by Midwest Tungsten Service of Willowbrook, Illinois.

Confused? Yes, that’s understandable. But consider this: tungsten cubes are one of the most popular memes in the world of cryptocurrency right now, a realm where value is defined as much by attention as anything tangible. (Call it the stonk market if you like.) Tungsten, if you’re not familiar, is a metal 1.7 times as dense as lead, and since 2015, nerdy types have been able to buy small cubes of tungsten manufactured by outfits like the Midwest Tungsten Service. Owning one has...

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