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 lawâquite literallyâon stablecoin collateralization and compliance with Anti-Money Laundering laws. Because who doesnât love a good rulebook? đ
This ETF, much like a cheap borscht, will come in several flavors: CAD-hedged, CAD non-hedged, and good old US dollarâstarting June 18. You want your XRPs with an accent, comrade? Your wish is their bond.
Yes, this isnât a drill. The Financial Times first let the cat out of the bagâTron is eyeing a reverse merger in the United States. Theyâre aiming to graduate from crypto club to high financeâs 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 Pandoraâs box of institutional money (the kind with enough zeros to make your average spreadsheet cry), luring even those cautious types who typically treat âcryptoâ like a synonym for âPonzi scheme.â
Of course, this dip has attracted opportunistic buyersâespecially whalesâwho are clearly shopping for bargains in the memecoin aisle. đđ
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.
On Tuesdayâa day otherwise unremarkable but for a reminder of human follyâa notification whispered its secrets to CryptoMoon: ARK had divested yet another 300,108 shares of Circle, fetching $44.7 million. The shares, like dreams, had tumbled a modest 1.3%, closing at $149 after a fleeting (and now mourned) dalliance with $165. One could hear the distant sighs of traders, if only TradingView had a âwoeâ graph.
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! đ
On June 17, in a move that could make even the most stoic of investors raise an eyebrow, Europeâs pioneering Bitcoin treasury firm completed this acquisition, funded by a series of convertible bonds that would make a banker blushânearly 18 million euros ($20.7 million) in total, as revealed in a Wednesday announcement. Talk about a financial magic trick! đŠâ¨
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. âď¸
Pardon, Johnâfounder of the illustrious Wealth Group (do they wear wigs?), declares: Rippleâs so-called âcoming soonâ IPO shall cause XRP to leap higher than a lovesick Marquis at a masked ball. Executives at Ripple wave their scented handkerchiefs in protestââIPO? Quoi? Not in the near future!ââyet the plot thickens as corporate intrigues bubble beneath the surface.
