The edicts demand these platforms halt their sports betting contracts, void existing deals, and refund deposits by January 31, 2026-though one might wonder if the Council hath forgotten the very concept of “time”! 🕒⚡ Sports betting attorney Daniel Wallach, that herald of doom, declared, “Lawsuits are imminent!”-a phrase as common as a tavern brawl in a Gogol tale. 🍺
As noted by the astute Julio Moreno of CryptoQuant, this represents the most noteworthy activity by a “Satoshi-era” whale since the end of 2024, which may lead one to ponder what exactly happens in the deep recesses of the digital ocean during such lengthy periods of silence. 🐋
The drumbeat of policy around digital assets swells with allegorical confidence. The Senate Banking Committee, guardian of markets and occasional arbiter of fashionable opinion, announced on Jan. 9, 2026, that it will hold a markup on comprehensive digital asset market structure legislation on Jan. 15, 2026, nudging the bill toward formal deliberation. The air will be thick with the sighs of staffers and the clicks of pens as destiny-well, regulation-draws nearer. 😅
Such quiet before a potential bowing of the market may alarm the unseasoned, yet the resemblance to a reversal signal on XRP’s charts invites a more chastened gaze rather than a howl of panic.
On the ninth day of January, a year not too far removed from our present musings, the Tennessee Sports Wagering Council unsheathed its quill, a weapon more deadly than any sword, to warn these prediction market titans. Demands cascaded down like falling leaves: Cease your offerings, these sages of the state solemnly decreed, and sever the ties to unwitting Tennesseans tangled in contracts deemed too exuberant by our own resident wardens. Sweet reparations, too swiftly returned, shall soothe any undeserved gains born of bets yet to run their course.
But apparently, this tiny little dip is a HUGE deal. Some crypto wizard, Alphractal (sounds like a Transformer), noticed something about the year 2020. Back then, Bitcoin did a little wobble, went briefly negative, and then, BOOM, bull market. Now, it’s poised to do the same thing. Or not. I’m honestly placing my bets on the “or not,” but who am I to judge excitement?
In essence, this number is but a whisper of what the network aspires to be. It is, as one might say, the first timid step of a young man in love, unsure if his affections will be returned. 💘 As of this week, the XRPL’s AMM supports 24,643 active liquidity pools, 21,296 XRP trading pairs, and 15,733 unique tokens. The total amount, a mere $24.1 million at XRP’s current price of $2.09, is but a drop in the ocean of its $1.12 billion daily trading volume. A modest sum, indeed.
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According to Julio Moreno – the Sherlock Holmes of crypto data at CryptoQuant (or as we like to call him, The Ledger Lord) – this particular whale hasn’t so much as twitched a fin since November 2024. Back then, Bitcoin was gallivanting around $91,000, wearing diamond-studded socks and buying virtual yachts. 🛵💎
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