Bitcoin, that grand old dame of the crypto world, is often referred to as “digital gold.” It’s slow, steady, and revered by maximalists who see it as the ultimate store of value. But let us not forget its younger, sprightlier rival, XRP, which boasts transaction speeds faster than your morning coffee order-3 to 5 seconds, folks! And for less than a penny per transaction, no less. Truly, a bargain fit for kings… or bankers. 👑💳
For several days now, the average number of daily transactions on the blockchain has surpassed 1.74 million, breaking the previous record of 1.65 million that was set on May 12, 2021.
Ripple is going all-in on stablecoins, folks. 🤑 In a move that screams “we’re not just here to play,” they’ve snapped up Rail for a whopping $200 million. Why? Because apparently, the future of money is stable, and Ripple wants to be the conductor of this financial choo-choo train. The deal, pending regulatory approvals (because, bureaucracy 😐), is set to close later this year. Brace yourselves for a wild ride!
The sages attribute this lull to two banalities of the market’s rhythm: the inevitable profit-taking after the ascent to celestial heights, and the summer’s languid embrace, when traders prefer sunbathing to screen-staring. Should the index dip below 40, it would herald the first bearish murmur since April 2023-a dramatic twist in this financial opera. 🎭
This momentous conclusion, sealed under the rules of Federal Law, confirms that Judge Torres’s verdict in July 2023 remains the great oracle-declaring that XRP’s trades among the common folk do not qualify as securities, while the institutional giants did cross the line. Ripple’s legal chieftain, with a grin as wide as the Volga, confirmed that the legal swords are sheathed-Ripple is now free to stride forward into a brighter, less litigious horizon. The giant shadow that haunted the crypto realm has finally receded-a victory, or perhaps a well-earned respite for a weary but resilient industry.
On August 8th, the Pump.fun team took to X (formerly the place where your uncle shares conspiracy theories) to promise a new era where token communities will thrive, frolic, and maybe-just maybe-not collapse by lunchtime.
’Tis said that over 120,000 of these Bitcoins were seized, er, acquired, between 112,000 and 114,000 crowns during this recent resurgence, a testament to the shrewdness of those who seek opportunity. Perhaps they smell a rat, perhaps not! 🐀
Right now, LINK prances at $18.89, having celebrated a 13% jump in the last 24 hours, stretching its weekly gains to a neat 12%, and a monthly climb of a whopping 36%. It’s been swinging between $15.48 and $19.16, riding waves of market activity that look like a toddler on a sugar rush. 🍼🥳
Dr. Miran, a man whose life has been a delicate balance between the realms of market speculation and policy-making, brings to the table a résumé that reads like a novel of ambition and intellect. His journey from the halls of the Treasury Department during the tumultuous days of the pandemic to the world of macro investing, and finally to the pen that penned bold proposals for the reform of the Federal Reserve, is nothing short of a saga. In his writings, he has not shied away from critiquing the Fed’s recent policies, labeling them as a theater of “groupthink” and “excessive monetary accommodation.” A 2024 report from the Manhattan Institute, penned by Miran and his colleagues, calls for a sweeping overhaul of the Fed’s governance structure, advocating for shorter Board terms, clearer presidential removal powers, enhanced Reserve Bank influence, and the subjugation of the Fed’s budget to the whims of Congress-all in the name of achieving “better monetary outcomes” and rekindling the flame of democratic accountability.
The document, known among the financial elite as a Form S-3, permits this corporate titan to offer a smorgasbord of securities over time, ranging from common and preferred stock to warrants and debt. Yet, the heart of the matter lies in the company’s bold ambition to raise up to $5 billion, with the singular purpose of amassing a treasury rich in Ethereum, the second-most valuable cryptocurrency after Bitcoin, which some might say is merely the first cousin of the digital gold standard.