Crypto news

The whole shebang isn’t about crypto’s naughty behavior. Oh no! It’s the grown-ups in suits who’ve turned the world into a giant game of “risk-off” tag! 🏃‍♂️🔥

The exodus of these crypto grandpas is more dramatic than Mark Darcy ghosting Bridget. 📉 Statistics show a whopping 45,000 ETH is being dumped daily by these 3-to-10-year-old wallets. Talk about a midlife crisis! 😅

In a missive upon the platform known as X (formerly Twitter, for those who recall such antiquities), Mr. Van Code declared that any company daring to self-custody its XRP would, by the stroke of midnight, transform itself into a bank, a security firm, and a regulated financial institution-all without the slightest intention of doing so. The consequences, he assured, would be as severe as a dowager’s disapproval, and the bill for such imprudence would be nothing short of “massive.”

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And here’s the delightful twist: those dexterous prophets at 10x Research forewarned us of this splendid spectacle weeks in advance-how delightful! 🎩✨

The SEC, often a bastion of acronym-laden indecision, stirs anew. Chair Paul Atkins parades into newsrooms with get-things-done eyes, declaring regulators will “cure crypto’s existential crisis” and rein in proxy firms-those shadowy sages who vote on your executive pay like they own the voting booth. 😬

The soothsayers of the market, ever prone to hyperbole, warn that the breach of this psychological bulwark could unleash a cascade of woe, should the bulls fail to rally. History, that fickle mistress, suggests that once Bitcoin tumbles past such round numbers, volatility becomes its mischievous companion, careening wildly until it finds its next resting place. Oh, the drama! 🌀

Instead of obsessing over whether $100,000 is Bitcoin’s new floor or just an awkward high five, Sethi devotes his time to adoption curves. Those fancy graphs. The exchange now opens the doors to a plethora of cryptocurrencies, plus stocks and ETFs. Serving patrons across Europe, North America, and Australia, because essentially, who doesn’t want a fast pass to global markets through Kraken’s portal?

Canary Capital, that most daring of newcomers, kicked off the festivities on November 13 with its XRPC ETF, raking in $58 million on day one. A sum so staggering it could make a Rothschild weep. But alas, the party is just beginning, as major financial firms prepare to waltz into the fray. 💃🕺

Well, the markets are doing their seasonal salsa-hard to tell if it’s a caliente comeback or just a pause before another dramatic spin. Especially after a year that was so bullish it could make a bull blush.