“I meant it as a joke but deleted it because I was afraid some might take it seriously,” Schwartz explained, possibly while chuckling into his coffee. Or maybe crying into it — hard to tell with these crypto people. ☕️
So, on June 3rd, the crypto exchange Kraken drops this news like it’s the New Year’s Eve ball: “Introducing Kraken Prime!” It’s a full-service thingamajig aimed at institutional clients—think asset managers, hedge funds, maybe even your neighbor’s cat’s crypto portfolio. It’s like a luxury car for your digital assets: quick, secure, and expensive-looking. The platform promises access to “deep, multi-venue liquidity” and “premium support,” which sounds nice unless you’re just trying to buy some Bitcoin at 3 a.m. 💤
A judge in Georgia, probably bored out of her mind, waved her magic gavel on June 3 and said, “You’re guilty, Keith—pay up, or else!” The man who thought he could scam his way to riches is now ordered to cough up over a million dollars—$530,000 in net profits, nearly $51,000 interest, and another $530,000 penalty. Looks like Keith’s future just got a lot less shiny—and he’s banned forever from playing with securities again. Bye-bye, conman! 👋🎩
Now, what’s a Spot ETF, you ask? Oh, it’s just a way for investors to dive into the crypto pool without actually, you know, owning the actual crypto. Like a crypto theme park—no need to get wet, just ride the rollercoaster! Canary’s version is special though. They’re trying to bring SUI into the crypto-based financial products party. How exclusive. 🎉💰
Enter the ever-canny venture capitalist, Chamath Palihapitiya—who believes that a Ripple or Coinbase buyout of Circle is nothing short of genius. He waxes lyrical about the IPO—already oversubscribed 25 times, no less—valued around a handsome $7 billion. Yet, he claims, if someone swings a hefty $12–13 billion for it, well, that’s a bargain, dear reader. Chamath, never one to shy from hyperbole, lauds Circle’s pioneering stablecoin infrastructure—just the thing ahead of Uncle Sam’s impending regulatory storm, or as Chamath calls it, “the GENIUS bill.” 💸
With a perfect 68-0 vote (because, apparently, everyone loves free market experimentation), AB 1180 is heading to the Senate for more fun and games.
Vanadi Coffee SA, renowned for its espresso and cozy cafés, now aims to splash a staggering $1.13 billion (€1 billion) into the digital void—hoping perhaps to turn coffee grounds into gold. Truly, who needs beans when you can chase the elusive dream of crypto riches? 🤔
The coin’s hanging tough above $2.050—like a caffeinated squirrel, bouncing higher while Bitcoin and Ethereum stare in disbelief. Managed to claw past $0.2150 and $0.20, so maybe we’re onto something?
On a day when the shadows lengthen over our digital souls, Hoskinson laments the re-emergence of that terrible, old beast—traditional finance—creeping back into our pure sanctuary, whispering sweet lies about security and stability, while marking the coffins of our aspirations. He draws a lamentable picture—Bitcoin’s existence born from the chaos of 2008, a tragic divorce from the golden cage of the legacy system, a divorce not without its trauma and bitterness. “It was not a good divorce,” he sighs, as if love and money could ever be disentangled in this cursed life. 😩
OTC moves are the financial equivalent of whispering secrets behind your hand—no public speakeasy for these guys, just strategy, long-term thinking, and probably a few secret handshakes. The low exchange reserves and steady prices suggest that big institutional players are quietly stacking ETH, perhaps confident that the stormy market weather won’t sink their ships.
