Leading this merry quartet were Senators Ruben Gallego, Mark Warner, Kirsten Gillibrand, and Cory Booker-names as fancy as a frog in silk britches-who reckon theyâve found a way to wrestle the rattlesnake of market structure and bring some plain talk to a subject as slippery as a greased pig at a county fair.
But wait! Thereâs a twist worthy of Tolstoy himself. Paxos has vowed not to rake in profits until USDH reaches its Total Value Locked (TVL) target. How noble! And when they do start earning, fees will be capped at 5%-paid, naturally, in HYPE. Because nothing says âtrustworthy currencyâ like an acronym that sounds like a teenagerâs text message.
Ah, but the irony! A company that thrives in the decentralized wilderness now seeks the embrace of centralized grandeur. The U.S. capital markets, with their marble halls and institutional whispers, have opened their arms. Yet, SOL Strategies remains a dual citizen, straddling two worlds like a tightrope walker with a penchant for drama. đđŒ
Envision a world where traders cling to their positions like barnacles, immune to the tiresome ritual of contract rolling. A new clarity dawns for both the mighty institutional titans and the humble retail dreamers.
According to some dusty filing with the U.S. Securities and Exchange Commission (SEC), Grayscale wants to turn its Bitcoin Cash Trust into an ETF. If the SEC gives it the nod-and letâs be honest, thatâs a big âifâ-thisâll be the first Bitcoin Cash ETF in the U.S. History in the making, folks, or just another piece of paperwork for the SEC to ignore. đ€·ââïž
Letâs talk about the worldâs largest crypto exchange, Binance, which recently decided to spice up its futures program. How do you âenhance user experienceâ? By launching FLOCK/USDT and SKY/USDT perpetual contracts with 75x leverage, of course. Because who *doesnât* want to gamble with their grandmaâs dentures? Perpetual contracts-no expiry, no mercy. Either youâre rich, or youâre broke and living in a van down by the river. And now, you can use BTC as margin. Because nothing says âfinancial stabilityâ like trading with Bitcoin as your emotional support animal.
Claiming the distinction as the first Nasdaq-listed outfit to build a corporate treasury policy around Chainlink, CaliberCos politely called their inaugural LINK purchase a âsystem test.â Translation: âWeâre trying not to blow anything up just yet.â They plan to pile on more tokens gradually, funded by what sounds like a financial cocktail of equity lines of credit, cash stashed under the mattress, and equity-based securities.
The latest proposal from Ethena is serving pure drama by positioning USDH as âHyperliquid-first.â Itâs backed 100% by USDtb, which, darling, is nestled snugly in Blackrockâs BUIDL fund via Securitize. Robert Mitchnick, Blackrockâs head of digital assets, quipped:
These ainât your grandpappyâs futures, though. Cboeâs concocting perpetual-style contracts that stretch out like a desert highway-up to 10 years, no less. Cash-settled, mind you, so no oneâs lugging sacks of digital coins around. Theyâll be pegged to spot prices with daily tweaks, a funding rate dance as transparent as a saloonâs whiskey glass. đ„
On the digital steppe of X posts, Jungle revealed his musings. Imagine, if you will, a spot XRP ETF-approved not merely to tickle the pockets of the mundane investor but to fundamentally twist the very spirit and behavior of the altcoinâs market dance. The ghost of Bitcoinâs past loomed large, especially in the aftermath of BlackRockâs Bitcoin ETF IBIT, which turned turbulence into an uneasy new stability.
