Currency Forecast

Apparently, the UK government is “considering” a compensation plan for the victims of this crypto fraud. Stephen Parkinson from the Crown Prosecution Service (CPS) dropped this bombshell in court on Oct. 15, but he was light on the details. Shocking, I know. 🤷‍♂️

So, this Paris-based thing called Lise (Lightning Stock Exchange, fancy, right? 🥴) just got the green light to run Europe’s first fully tokenized equity exchange. Big deal, I guess? They’re targeting SMEs and midcap firms, because who doesn’t love a good underdog story? 🐕

The legal complaint, filed in the US District Court for the Northern District of Illinois, accuses Semler’s board of directors of transgressing the sacred edicts of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. These laws, designed to shield shareholders from the pernicious sin of misleading information, now serve as the plaintiff’s sword. Tran argues that the Registration Statement-a document of supposed completeness-is riddled with omissions of the gravest nature, particularly concerning the financial fairness of the merger. 🧠💼

In this grand drama, AUSTRAC is granted the power to peer into the shadowy realm of crypto ATMs, those modern-day alchemists turning cash into digital ephemera. According to the august Minister Burke, these machines are not merely conduits for financial innovation but also for money laundering, scams, fraud, and the occasional dalliance with the illicit drug trade and child exploitation. 🕵️‍♂️🔍

Yes, you heard that right. A *bank*, a *real* bank, not some shady offshore operation, is pushing forward with crypto in the heart of the European regulatory maze. The timing couldn’t be better – or worse, depending on how you look at it. This marks a pivotal step toward regulatory acceptance of hybrid custody models, signaling a profound shift in how traditional finance and digital assets are learning to coexist under MiCA’s shiny new framework. Exciting, isn’t it?

But hold on! Before you panic and start throwing your XRP into the nearest volcano, don’t forget that technical charts are like those dodgy fortune tellers who sometimes get it right-kind of. It looks like XRP could be planning a little surprise party for Ethereum. 🎉

According to the announcement, the production release now lets businesses borrow the same infrastructure that powers Coinbase accounts. Users can now sign in with familiar credentials like email or Google while keeping their assets under lock and key-because who needs stress when you can have snacks?

At the hour of this scribbling, XRP lingers at $2.42, a 3.6% retreat in the day and a 15% surrender in the week. Its July peak of $3.65 now seems a distant memory, with a 33% retracement casting a shadow. Over the past seven days, it has wandered between $2.32 and $2.83, the traders bracing for the winds of change. 🌪️

Alas, the Bitcoin ETFs were quite the wallflowers at this gathering, experiencing an outflow of $94.00 million-a sum that would make even the most frugal spinster blush. Only two of these funds engaged in the most unbecoming sell-offs: Grayscale GBTC, with withdrawals of $82.90 million, and Invesco BTCO, with a mere $11.10 million. Not a single gain was to be had, and their total trading value sank to $4.55 billion, with net assets of $152.66 billion-a mere 6.82% of the Bitcoin market cap. How very unbecoming! 😱

However, investor sentiment and market conditions will now determine whether Bitcoin can sustain this level or risk entering a prolonged correction phase. Good luck; if you need it.