On Tuesday, the SECâs Division of Trading and Markets had a moment of what we can only assume was excessive optimism and initially gave the green light. Fast-track launch of the first multi-asset crypto index ETF in the U.S.? Yes, please! Or, well, *almost* yes, please. It was more of a âmaybe, but donât get your hopes upâ kind of yes.
XRP, in its infinite wisdom, decided to play the delicate game of tightrope-walking on a confluence of support levels. Having exited an ascending triangle with the grace of a Victorian ballerina tripping over her hem, it now rests at $3.30, a price so modest it could be mistaken for a tea ration. Should it plummet further, the Fibonacci levelsâthose mathematical poetsâwill whisper sweet nothings to the price, if only to avoid another 9% drop. đș
In a world where passive income is basically a personality trait, Robinhoodâs diving headfirst into DeFiâs poolâsplashy, but wearing water wings. đ Will this make them the belle of the crypto ball? Or just the awkward guest who showed up in flip-flops? Either way, the circus đ€čâïž is getting weirder. đ
In a development that would make a penguin look sprightly in a quadrille, the United States and the European Union have been spotted tiptoeing toward a trade accord, with a 15% tariff on select imports poised to become the latest in a long line of economic gambits. According to the venerable Financial Times, this delicate … Read more
Now hereâs the twisty-turny part: this new law wants to give the CFTC (those fine folks who watch over corn futures đœ) the keys to Bitcoin and Ethereumâs shiny sports car đïž. But donât fret, dear SEC fans, because digital securities will stay firmly under your favorite stock market sheriffsâ control. Clever, no? Or utterly bonkers? You decide!
To the delight of calculators everywhere, over the course of this escapade, a prodigious sumâmore than 200 trillion SHIB tokens, or roughly 3.09 billion dollarsâgraces the marketplace in circulation, representing a fractionâ20.78%âof the entire hoard. A venerable milestone, indeed! It signals that many, after much long-suffering, are now sitting comfortably in their profits, having previously endured some rather unflattering losses. Quite a sentimental journey, wouldn’t you say?
As it stands, dear friends, BTC has taken a slight trip downwardâ0.6% in the last 24 hours, and a meager 0.3% reduction for the week, resting comfortably at $118,539. Since the illustrious days of old, when it reached an impressive high of $123,231, the price has bobbed about like a cork in a tepid pond, fluctuating aimlessly between $115,697 and $120,998 since July 14! đ¶
Yes, folks, the ONDO-backed ETF is hereâor at least, itâs in the paperwork phase. Which, in crypto terms, means itâs as real as a unicorn until the SEC stops laughing and stamps “APPROVED” on it. The filing dropped on Tuesday, presumably right after someone at 21Shares finished their third espresso and thought, “You know what this market needs? More acronyms.” â
In a recent flourish on that peculiar social platform known as X, our beloved crypto oracle, Colin Talks Crypto, provided a delightful commentary on the current saga of Bitcoin dominance. He suggests we are witnessing a rather theatrical repeat of December 2024âs unfolding drama, with dominance slipping stealthily from its chic blue channel, a knee-jerk reaction leading to what one might call an altcoin rallyâor perhaps a farcical mockery of one.
According to a rather informative press release that was translated (because, you know, corporate speak is universal), Vanadi Coffee splashed out over 202,000 euros on more Bitcoin. The purchase, made on July 23, saw them acquire two more BTCs, bringing their tally up to a grand total of 76. Each Bitcoin, at the time, was worth a dizzying $119,425. I suppose that’s one way to get your daily caffeine kick!