jpyxx According to SEC filings, the decision streamlines the process under Rule 6c-11, a move so grand it could make a king weep. Now, the U.S. is poised to welcome a *wave* of crypto investment products-though one wonders if they’ll be more like a tsunami of confusion.
The FCA, in a document longer than a particularly boring school textbook, has suggested they might *waive* – that’s a posh word for ‘ignore’ – four very vital rules for these crypto businesses. Rules about being honest, knowing what they’re doing, putting you first, and actually giving decent advice. Can you believe it?
Well, if you’re aiming for this exclusive crypto club, you must be traded on a platform that’s apparently besties with an Intermarket Surveillance Group member. Also, your commodity needs to have been darting around a futures contract for at least six months on a CFTC-regulated exchange. It’s like crypto GRE-dramatic preparation required.
Behold, the silent symphony of progress! Crypto’s once-maligned data centers, those energy-guzzling behemoths, now hum with the promise of AI’s dawn. From hashing to thinking, what a leap! 🤖✨
Citigroup, that paragon of financial wisdom, declared in a Monday missive that ether, the second-largest cryptocurrency by market value, is destined for $4,300 by 2025. The bank, ever the master of understatement, attributed ETH’s recent gains to “investor optimism” rather than “activity on the network,” as if the blockchain were a poorly attended opera. 🎭 It also conjured a bullish scenario of $6,400 if adoption accelerates and a bearish case of $2,200 if macroeconomic conditions and equity markets weaken. The firm, in a moment of poetic license, stated:
In the grand theater of corporate finance, the Bitcoin treasury strategy has played its part with much flair, thanks to the ever-dashing Michael Saylor (who, let’s face it, made “buy Bitcoin, hold Bitcoin” a lifestyle). The idea is simple: publicly traded companies stash BTC in their reserves, like a rich uncle hoarding coins in a dusty vault. And what a hit it was! In fact, this strategy was looking like the corporate equivalent of winning the lottery.
XRP is finally getting its moment in the spotlight, thanks to traditional finance deciding it’s not just a punchline anymore. New products are rolling out faster than Liz Lemon’s one-liners, giving everyone more ways to get in on the action. 🎉
Yesterday, she dared to flirt with $1.53, only to retreat like a coward in the face of commitment. Yet, she still clings to her daily gains, a pathetic display of resilience. Such is the nature of her existence-a relentless battle between the forces of greed and fear. But lo! The on-chain oracles and chart patterns whisper of a rebound, a siren’s call to the smart traders who thrive on chaos. 🧙♂️📈
According to the inscrutable scrolls of the Office of Government Ethics, Special Government Employees (SGEs for those who adore acronyms) have a strict 130-day curfew. Now, David, being the modest chap he is, hasn’t exactly been posting his attendance log on Instagram, but these vigilant congresspeople suspect he’s been punching the government time clock well past his bedtime-ever since the Trump administration rolled out the red carpet. ⏰🐢
Ah, Wednesday’s rate cut! A spectacle as predictable as a rooster’s crow at dawn. The CME Group’s Fedwatch Tool, that oracle of financial whimsy, had already whispered a 96% chance of this 25-basis-point cut, with a mere 4% chance of a bolder 50-basis-point slash. Yet, the markets, ever the dramatic souls, gasped and fluttered as if witnessing a miracle. Bitcoin ( BTC), that fickle darling, leaped to $116K, only to stumble back to $115K faster than a drunkard on a tightrope. 🕺💸
