As if intoxicated by the aroma of digital gain, America sets herself to nurture and coddle her mining industry with the care of a Dostoevskian matron fussing over her existentially anxious son. The question: who mines whom? And as always, who will pay the electricity bill?
The regulators at Abu Dhabi Global Market (or ADGM for those with limited time and patience) have officially given Circle a pat on the head—er, the regulatory requirements nod to do business in the region. There’s just the teensy matter of full approval before Circle can get down to the business of, well, doing business. Because nothing says “fast-paced crypto” like a little quality time in bureaucratic limbo.
April, like a peasant tipped by the tax collector, has brought little cheer for XRP holders. Our tragic hero of crypto tumbled from dazzling heights of $1.65, dusted itself off at $2.27, and yet—alas!—still wallows leagues from its promised land! Wherefore art thou, Moon? 🌙😢
As Scooby-Doo would say: “Ruh-roh!” Politico claims this is all happening thanks to Don Jr. and his band of Very-Serious-Businessmen from the 1789 Capital fund. The gang features megadonor Omeed Malik, Chris Buskirk (who probably also buys the entire theater for ‘Dune’), and the Winklevoss twins—because no private club is complete without tall, vaguely interchangeable crypto twins.
Pull up a chair and pour yourself a cup of the good stuff (caffeine highly recommended), for the soothsayers of finance are abuzz once more. Bitcoin, the digital duke of derring-do, is making institutional investors swoon and flutter their fans. Gold, meanwhile, is feeling a trifle obsolete, a bit like a monocle at a rave. ☕💰
Pull up a chair and pour yourself a cup of the good stuff (caffeine highly recommended), for the soothsayers of finance are abuzz once more. Bitcoin, the digital duke of derring-do, is making institutional investors swoon and flutter their fans. Gold, meanwhile, is feeling a trifle obsolete, a bit like a monocle at a rave. ☕💰
According to the esteemed and bullish CrediBULL—a chap whose very name conjures images of thundering optimism—Bitcoin is currently showing off like Bertie Wooster at a fancy-dress ball. If Sir Satoshi’s Coin continues this splendid display of dominance, we may witness a short (if raucous) shindig in which BTC sprints ahead while altcoins stare after it, jaws agape, clutching their betting slips. This is the so-called ALT/BTC ‘capitulation move’, known to strike terror into the hearts of altcoin hodlers everywhere.
Pray, allow me to recount: since its auspicious inception, the totality of registered addresses upon this curious network has swelled to the formidable tally of 199,199,906. One might say it lingers but a scant 800,094 short of the fabled 200 million milestone, a number that surely excites the countenance of its most devoted admirers.
His grand thesis? Nothing less than a Victorian romance between money and magic: Ethereum as the ultimate store of value, a splendid chimera combining the solemnity of gold with the seduction of yield—“digital gold with yield,” he dubs it. Because why settle for bullion when you can have dividends? 🤑
Look here: over 85% of this digital treasure’s current supply rests comfortably in profit. A feast for the eyes, no doubt, yet such rosy scenes often prelude the froth and fury of market delirium.