Crypto news

Society confidently presumes the interest rates will remain unchanged—a certainty no less solid than Lady Catherine de Bourgh’s intolerance of improper behaviour. The odds of this, according to the ever-precise CME FedWatch, stand at a Lady Catherine-approved 99.1%. Yet, while the outcome may seem certain, one must never underestimate the power of mere words. The tone of Mr. Powell—him of the stern brow and unreadable countenance—may well tip the scales upon the faintest hint of ambiguity, thereby sending our assembly of crypto traders into swoons or fits, depending on whether he chooses the path of caution or candour. 😏

With the Senate’s passage of the GENIUS Act, we stand at the precipice of the crypto apocalypse—an end to the raucous revelry of the Wild West. The first comprehensive regulations are galloping toward the House, heralding a seismic shift in the industry. Some companies will rise like phoenixes, while others will vanish into the ether. Let us dissect the victors, the vanquished, and what this means for your precious portfolio.

As for the facts, dear reader: Bitcoin (BTC) slipped to a rather undignified $104,650 on Wednesday, June 18. This represented a drop of 6.52% from its former, more stately perch. Not to be left behind, options traders have started eyeing the abyss with gusto; Deribit’s put-to-call volume ratio soared to 2.17, which is the City way of saying “everyone’s got the wind up.” In plain English: more traders are buying put options, nervously hedging their bets and hoping for the best while expecting the worst.

In a grand gesture of transparency, these two exchanges release their Proof-of-Reserve reports every month—*religiously*, no less. Truly, they set a *stellar* example for the others. Can we possibly call this dedication? Who knows. One might even go as far as to say they’re “good examples”… though it’s all rather odd, don’t you think?

The 3iQ XRP ETF (TSX: XRPQ) rolls out the red carpet at a charming 0% management fee for its inaugural six months. It’s like getting a free appetizer at the fanciest restaurant in town, only with investments. Perfect for registered accounts in Canada, and, if you play nice with local regulations, it opens doors for qualified investors from all over the globe.

With this act, the United States banks and financial institutions may soon embrace stablecoins like a long-lost relative at a family reunion. The bill, aptly named the Guiding and Establishing National Innovation for US Stablecoins, aims to lay down the law—quite literally—on stablecoin collateralization and compliance with Anti-Money Laundering laws. Because who doesn’t love a good rulebook? 📚

This ETF, much like a cheap borscht, will come in several flavors: CAD-hedged, CAD non-hedged, and good old US dollar—starting June 18. You want your XRPs with an accent, comrade? Your wish is their bond.

Yes, this isn’t a drill. The Financial Times first let the cat out of the bag—Tron is eyeing a reverse merger in the United States. They’re aiming to graduate from crypto club to high finance’s main stage, possibly introducing themselves to men in suits who still think a blockchain is something you wear around your ankle after too many parking tickets.
Going public unlocks a Pandora’s box of institutional money (the kind with enough zeros to make your average spreadsheet cry), luring even those cautious types who typically treat “crypto” like a synonym for “Ponzi scheme.”

Of course, this dip has attracted opportunistic buyers—especially whales—who are clearly shopping for bargains in the memecoin aisle. 🛒🐋

Thus, the trembling beasts of the crypto marketplace sniffed turmoil on the wind. Investors, who, judging by their sudden pallor, had never witnessed a revolution or even a modest uprising, grew edgy the moment great power politics unfurled itself at 280 characters per round.