jpyxx Today’s announcement marks a decisive moment in Ripple’s quest for financial world domination-or at least, a solid presence in the U.S. market. The service allows U.S. institutional clients to execute over-the-counter (OTC) spot trades in major digital assets, including none other than XRP and RLUSD. Yes, the infamous XRP-still fighting for relevance in the crypto jungle.
According to SEC records (the paper trail of dreams and delays), Grayscale was the first in line on October 17. A parade of hopefuls followed-21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree-all waiting on the edge of their seats. Yet, the government’s prolonged nap (the shutdown) kept everyone twiddling thumbs till late October. Oh, the drama!
Alas, all that glitters isn’t gold. The token now slumbers at $41, leaving investors to ponder: Is this a nap… or a napkin soaked in tears? 💸
Trading activity, like a tempest, surged 674% above the 24-hour average at the height of this debacle, with over 12 million LINK tokens exchanged as the price plummeted from $16.21 to $15.02 in mere 30 minutes, saith CoinDesk Research’s model. ⏳⚡
The decline has ignited fervent debate, with analysts debating whether this is merely a pause in the dance of fortune or the prelude to a grander correction. Yet, some optimists, with the audacity of a well-timed jest, insist this is but a fleeting stumble. 💸
XRP has been the crypto world’s Sisyphus, endlessly pushing its boulder uphill. Yet, the faithful believe its blockchain will revolutionize global money transfers. Now, after years of waiting, the drumbeat grows louder. Nate Geraci, the ETF Institute’s co-founder, claims XRP ETFs could be the spark that ignites this powder keg. 🧨 But let’s not hold our breath-crypto promises are like New Year’s resolutions: full of hope, rarely fulfilled.
Bitcoin will complete a double-top reversal pattern on a close below the $107,000 support. 🤡💸
Remember when Pi Coin (PI) was the belle of the ball, peaking at $2.98 in February? Good times. Then came the mainnet launch, followed by a tumble to a record low of $0.1465 in October. Ouch. Its market cap went from a whopping $20 billion to a mere $1.97 billion. Talk about a reality check. 📉💔
French lawmakers, in a ballet of bureaucracy, have advanced a new tax amendment. The levies, a symphony of fiscal restraint, target “unproductive wealth.” Furthermore, the crypto holdings and property, deemed mere phantoms of value, are now ensnared in this web of taxation. The amendment, a sonnet penned by Jean-Paul Mattei, centrist MP, on October 22, was passed late on Friday by the National Assembly, as if the clock itself were complicit. 🕰️
Bitcoin’s bulls have a new BFF: Michael Saylor, the man who turned MicroStrategy into a $BTC hoarding machine. His latest forecast? A $150K moonshot by 2025, followed by a $1M crescendo by 2029. And just to prove he’s not bluffing, the company bought 397 more $BTC-because why not? 💸
