Apparently, the SEC has had a sudden urge for more “time to think” (and maybe reconsider their entire life choice?) so they’ve extended the review period to June 17 from the original May 3 deadline. Yep, just a little extra time to weigh those regulatory concerns that everyone’s talking about. I mean, who wouldn’t need more time to decide on *that*? 🤷♀️
In a thrilling development, Nasdaq filed a proposal on April 28 to list and trade shares of the 21Shares Dogecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Ah yes, because nothing says “serious investment” like a cryptocurrency famously associated with Shiba Inus and internet memes.
Per the latest bureaucratic aria from the U.S. Securities and Exchange Commission, ProShares is aiming its shiny, regulation-fearing arrow straight at May 14. Do not, gentle reader, confuse the paperwork—a veritable Tolstoyan epic in legalese—with a wedding invitation: mere procedural twitchings, not the actual nuptials.
In a move that surely sent a chill down the spines of every unresponsive token issuer, FTX has issued a public warning. They’ve sent more messages than a teenage girl with a broken phone, but alas, no replies. Now it’s time to take those messages to the courtroom. Apparently, ignoring your agreements with FTX is the fastest way to get slapped with a lawsuit. And they’re not stopping there—oh no. More legal headaches are on the way for those who’ve yet to answer their calls. FTX is out for blood… metaphorically, of course.
Despite a world full of pessimism, Optimism (OP) surges by a solid 54% from a key support level. A miracle, some might say!
“If you believe the whispers chronicled by Politico, Senate Majority Leader John Thune—yes, the very same man who allegedly still believes in weekends—has confided to his Republican colleagues: the Senate will vote ‘ere the country fires up its grills in remembrance. The GENIUS Act—the legislative equivalent of declaring all cows must wear hats for national clarity—tucks itself snugly into the administration’s hopeful blueprints for the crypto industry, which, as usual, wishes only for ‘clarity’ but may get a muddle wrapped in regulation.”
Picture this: the humble memecoin, dragged through the muck at $0.22, suddenly dusts itself off and arrives at a regal $0.30. “Why not go higher?” it ponders, as if financial gravity were for lesser coins. And, dear reader, as of this moment (not six minutes ago, not six minutes hence), AI16Z trades at $0.30242, up 22.45% in one, glorious, bewildering day.
SoFi’s CEO, Anthony Noto, spoke to CNBC—probably while checking his phone for Bitcoin prices—and announced that crypto is making a comeback at SoFi. The company had previously been forced to slam the brakes on all things crypto last year. This, of course, caused many would-be investors to emit a collective sigh of regret and scroll wistfully through Dogecoin memes.
If you’ve been tracking Tellor (TRB), you’ll know this isn’t its first trip to “Will-something-actually-happen?” land. The last time TRB loitered between these numbers, it spent more than a year (that’s 371 days, for those who enjoy counting the days since an ex last texted) without a hint of meaningful excitement. Now, it’s déjà vu all over again. Traders, like Bridget Jones analysing her love life, are split between waiting for a sudden candlelit breakout or just more awkward, sideways shuffling at the party.
On the auspicious 28th of April, the stage saw Senate Bill 1025—The Strategic Bitcoin Reserve Act—sashay through the House with a razor-thin flourish, 31 for and 25 against! Not satisfied, the players staged a second performance: Senate Bill 1373, conjuring a Digital Assets Strategic Reserve Fund, garnished with a 37 to 19 applause. The drama, truly, never pauses.