Investment Policy

In a spectacle worthy of the finest theatre, the U.S. Senate has bestowed its blessing upon the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act! This marks a momentous occasion for the crypto industry, akin to a grand debutante ball! Chairman of the Senate Banking Committee, Tim Scott (R-SC), announced this passage on June 17, showcasing a framework for payment stablecoins that even Molière would applaud!

Let’s check in on our favorite crypto darlings: Bitcoin is currently sliding into the weekend at $104,954, down over 2%. Ethereum isn’t having a good hair day either, falling to $2,522 after a 2.66% dip. And poor XRP? It’s practically wiping tears with a 9% drop down to $2.16. Traders are reacting like it’s the beginning of a horror movie, and nobody wants to be the last one standing! 💔

In a recent post on X (formerly known as Twitter, because who doesn’t love a good rebranding?), the analytics firm Santiment revealed that the Internet Computer is the reigning champ in the Development Activity metric. This fancy term measures how much work developers are putting into their public GitHub repositories. You know, the place where all the cool kids hang out. 😎

In a report that reads like a dramatic novel, Bitfinex analysts muse that while “some downside risk still lingers” amidst the chaos of macroeconomic turbulence and military tensions between Israel and Iran, this scenario presents a tantalizing gamble for investors. High stakes, high rewards—what could possibly go wrong? 😏

Alas, Bitcoin’s price has once again succumbed to the whims of fate, failing to breach the $108,800 resistance. It has now dipped below both the $108,000 and $107,000 levels, much to the chagrin of its most ardent supporters.

In fact, at least 98% of all holders are currently sitting pretty in profit, which is just delightful for their wallets. 💰

Data trackers everywhere cried into their spreadsheets when Ripple fired off 200 million XRP (that’s a lot of zeroes, folks! 💸) to—let’s be honest—probably someone’s second cousin’s nephew’s turtle. XRP holders, meanwhile, are sweating like it’s July in Miami, wondering: “Why now?”

And get this, the X platform didn’t even bother to give a solid reason for the suspension. Just a big ol’ shrug. But according to Coinpedia, it was probably because someone decided to play fast and loose with the rules. Shocking, right? In the world of crypto, who would’ve thought? 🙄

Alas! Bitcoin has dropped by $103,500, as traders prudently cut risk ahead of tomorrow’s FOMC decision. How very cautious of them!