In an unsettling turn of events, Coinbase, the grandmaster of U.S. crypto exchanges, has seen its stock tumble to $154, a steep decline from its 2025 high of $445. Billions have evaporated faster than one can say “blockchain,” with the valuation nosediving from an eye-watering $100 billion to a more pedestrian $41 billion.
On a Wednesday, as the city’s clocks chimed with bureaucratic precision, the Securities and Futures Commission (SFC) unveiled its latest masterpiece-a policy so bold, so audacious, it could only be the brainchild of a regulator with a penchant for the dramatic. Virtual assets, once the playthings of rogue traders and moon-eyed dreamers, are now to be tamed, collared, and paraded before the masses. Margin finance, that siren of the markets, shall sing its song to the tune of stringent collateral demands, while perpetual contracts, those eternal enigmas, are reserved for the professional few.
Pray, attend to this tale of woe and wonder, dear reader, in our weekly missive, Crypto Long & Short. ‘Tis a newsletter of insights, news, and analysis for the discerning investor. Subscribe forthwith to receive it each Wednesday, lest ye be left in ignorance.
As if plucked from the pages of a melodramatic novel, Taylor supports his audacious claim with words of wisdom from the sage Mark Yusko, who, like an oracle, warns of an impending “curveball.” This curveball, dear readers, is tied to a potential dystopian future where policymakers, ever so fond of wielding their bureaucratic swords, may just clamp down on those mischievous private stablecoins. In a twist worthy of a grand opera, Yusko speculates on a “CBDC version,” where authorities guide users away from USDT and USDC, a notion that has sent shivers of anticipation through the XRP community for years now. Ah, the drama!
This thrilling announcement follows Aviva’s decision to embrace the digital age by tokenizing regulated fund structures on the XRP Ledger (XRPL). What does this mean, you ask? Well, it’s like taking the staid world of traditional U.K. finance and giving it a double-shot espresso! The partnership catapults Ripple from the cozy confines of pilot programs straight into the bustling heart of one of the largest financial entities in the U.K. Talk about climbing the corporate ladder!
Is the ascent from UNI’s years-long nadir a mere chance or a providential hint? Perhaps or perhaps not. Let us look with the patient eye that history gives, for only through seeing many seasons can one discern the shape of the wind.
At the time of writing, Monero’s price was changing hands for $340.55, a level that has cooled its sell-off in the past week to 11.79%. While Monero is still trading at a loss, the core performance indicators flip bullish, like a plot twist you didn’t see coming.
But oh, the irony! Instead of a rally, ADA decided to take a nosedive. A classic “sell the news” move, you say? How delightfully predictable! And all this while the broader market sentiment hangs by a thread, as fragile as a glass slipper after a night of dancing.
And yet, despite XRP suffering more than a 4% decline in the same hour of the opera, it managed to steal a march on BNB. Its market capitalization now stands at $82.79 billion, a sum more amiably disposed than Binance Coin by over $2.3 billion.
In the peculiar theater of contemporary finance, the firm Ripple, ever eager to polish its brass, has clasped hands with Aviva Investors to transplant conventional funds onto the XRP Ledger-an enterprise that sounds like persuading a stern aunt to accept a new pastry at the family table.