Chanos, in his infinite wisdom, is pondering whether the esteemed company known as Strategy is actually deriving its value from its Bitcoin investments or if it’s merely basking in the warm glow of the market premium to the net asset value (or as the cool kids call it, the mNAV premium). It’s a bit like asking if the chicken came before the egg, or if the egg was just a really confused chicken. 🐔🥚
Gonjeshke Darande, or as they prefer to be called, the Predatory Sparrow, is not your average band of cyber hooligans. They are a sophisticated bunch, with a flair for the dramatic and a clear political agenda. Analysts and officials are convinced they have strong ties to Israel—because who else would have the audacity to pull off such a stunt?
Linda Yaccarino—CEO extraordinaire and, one suspects, survivor of many a baffling Zoom call—told the Financial Times that X’s 600 million denizens will soon “transact [their] whole life on the platform.” Everything from sending a fiver to your clueless cousin to playing the investment game will be within thumb’s reach. No word yet on whether that life includes settling old cricket scores or redeeming leftover sandwich coupons, but hope springs eternal.
What truly tickled the crowd? Coinbase was graced with a $1.7 million dump. If that doesn’t raise eyebrows, then perhaps nothing is left living in that skull. “Diversification or desperation?” someone murmurs. Their smiles wide (perhaps too wide for comfort), memecoin architects seem either ready for profit or the nearest exit.
Reports suggest that this initiative is designed to provide both retail and institutional clients a way to own XRP without the usual headaches of private wallets or the wild west of unregulated platforms. Because who needs the stress of managing their own crypto when you can let someone else do it for you, right? 🙄
In a tale that could only be told on social media, our hero Marshall Long, the Director of Product Development at Auradine, shared his wild adventure of sending remittances to Iran, a place that’s currently more chaotic than a Mel Brooks movie! 🎬
100 milliseconds. They’re practically psychic! 🔮
Last seen trading at a modest $2.16 on June 19, reflecting a daily gain of 0.37%—a figure so small it could be mistaken for a rounding error! Over the past week, XRP has risen by 3.72%, but alas, trading volume has dropped by over 15% to approximately $2.76 billion. This dip in activity typically signals declining trader interest or perhaps a collective yawn from the market. 😴
Bitcoin, the old czar of reserves, has long been the jewel in the crown. Yet do you not feel it? The rising, creeping ambition of Ethereum, gnawing away at the throne? On the mournful eve of June 19, the tally of institutional ETH reserves slithered up to 1.190 million—a sum that would buy many a soul or at least several nice dinner parties in St. Petersburg. Nearly $3 billion. More than 1% of the entire supply! Dostoevsky’s Raskolnikov surely would’ve had opinions about property crime in such an era…
CRVAA does not simply regulate. It surveils. It ponders. It yearns to transform unregulated digital chaos into order—a noble dream so tragic, one could weep (or at least LOL).
Crypto companies seeking the fabled “license” must confess all, for secrecy is now as outdated as an unbacked fiat currency. There is talk of anti-money laundering, cybersecurity—one wonders if Dostoevsky’s underground man could pass these checks, or if he’d simply become the world’s quirkiest NFT.
