Crypto news

As fate would have it, our wanderer nudged itself near the channel’s ceiling, with the last exchange taking place at a sad $4.47, marking a decline of 3.72% on the day. The tragedy! 🎭

On June 17, in a move that could make even the most stoic of investors raise an eyebrow, Europe’s pioneering Bitcoin treasury firm completed this acquisition, funded by a series of convertible bonds that would make a banker blush—nearly 18 million euros ($20.7 million) in total, as revealed in a Wednesday announcement. Talk about a financial magic trick! 🎩✨

Reports have trickled in, whispering that Purpose Investments has finally received the golden ticket from Canadian regulators to launch this long-awaited ETF. Trading is set to kick off on Wednesday, June 18, on the Toronto Stock Exchange, under the ticker XRPP. But alas, the excitement seems to have evaporated like morning dew. ☁️

Pardon, John—founder of the illustrious Wealth Group (do they wear wigs?), declares: Ripple’s so-called “coming soon” IPO shall cause XRP to leap higher than a lovesick Marquis at a masked ball. Executives at Ripple wave their scented handkerchiefs in protest—“IPO? Quoi? Not in the near future!”—yet the plot thickens as corporate intrigues bubble beneath the surface.

And yet, even as the vultures circle and holders mourn their portfolios with dignified resignation, some claim there are omens of recovery—small blessings, like the appearance of a cocktail waiter at a dull party. Will salvation arrive, or will optimism get mugged again in a dark alley?

This latest purchase follows a series of convertible bond issuances totaling over 18 million euros, courtesy of UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans, and the ever-so-charming asset manager TOBAM. They also converted share warrants into nearly 3 million ordinary shares, raising another 1.6 million euros for their bitcoin escapades. How delightfully resourceful! 💼

From a digital pulpit known only as “X,” our modern bard, Darkfrost, has declaimed the latest shivering ascent of the NVT Golden Cross. If you’re the sort who finds poetry in ratios (and who isn’t, really?), this one is the offspring of Bitcoin’s swollen market cap and the river of its transaction volume.

This statement from Eric arrives after the sort of “overlapping” rumors you get when politics and crypto attempt to share a single sofa. He did take a moment to call Justin Sun both a “great friend” and a “crypto icon.” Make of that what you will. Apparently, you can lavish public affection on someone without being, as he quite helpfully puts it, “publicly involved.” 🕵️‍♂️

The beaks down at Thailand’s Ministry of Finance are in a fine mood, having just waved through a measure designed to turn the country into a sort of Monte Carlo for Bitcoin barons. On June 17, the dapper Deputy Finance Minister, Julapun Amornvivat—presumably after a bracing cup of tea—announced that anyone cashing out crypto via above-board exchanges, brokers or dealers (the ones with a shiny license, that is) needn’t fork over a single satang in capital gains tax from the first of January 2025 right through to the dying days of 2029. Pip pip for the taxman, eh?

In the middle of all this war-like drama between Iran and Israel, we’ve got a security breach that’s raising eyebrows. I mean, come on! Over $48 million just poof! Gone! Like my patience when someone cuts in line at the deli. 🥪