So, the ever-eloquent EtherNasyonaL decided to pull out the charts. And surprise, surprise-the current XRP setup is almost *identical* to the glorious 2017 rally. We’ve got accumulation, breakout, re-accumulation, and finally, a parabolic distribution before it all crashes down. XRP went from practically nothing to over $3-who wouldn’t want that again?
They’ve inked a memorandum of understanding (MoU)-yes, that delightful legal euphemism for “we’re buddies now”-to roll out trading and lending products that swagger on the XRP Ledger, featuring Ripple’s pride and joy stablecoin, Ripple USD (RLUSD). Hold onto your monocles!
The exchange, with its ledger of $57 million, outshone the gloomy predictions of $55.75 million, while its earnings per share, a giddy 93 cents, left the skeptics scratching their heads. 📈
Now, rewrite the paragraphs. Start with a strong, descriptive opening. Maybe “In the dusty plains of the financial world, where the old guard meets the digital frontier…” Then describe the collaboration with Steinbeck-like metaphors.
Among the beneficiaries is the Grayscale Digital Large Cap Fund, which, like an underdog seeking advantage in a courtly dance, finally brings its courtship of legitimacy to a grand conclusive debut under these new norms. ETF analyst, Nate Geraci, on his platform X, rather self-consciously proclaimed this event a milestone, patting the SEC on the back for breaking (albeit ever so slightly) from its own restrictive, courtly rigmarole.
Old chap Jerome Powell, the Fed’s top banana, chimed in with a straight face:
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! 🤖✨
