This marks the first time a Bitcoin-centric treasury company has been so “generously” assessed by a major ratings agency, an event S&P has dubbed a “significant milestone.” How thrilling. One imagines the analysts at S&P convened in a boardroom, sipping lukewarm tea, and declared, “We must rate this Bitcoin thing! It’s the future-or at least the future of confusion!”
Indeed, after much deliberation, and likely many raised eyebrows, the esteemed Justice N Anand Venkatesh has decreed that these cryptocurrencies, these… electronic tokens, are not merely phantoms of the internet, but possess a tangible, if intangible, worth. It all began with a misfortune befalling an investor, a woman who, having carefully gathered 3,532.30 XRP coins in the early months of this year, found them threatened by a rather audacious cyberattack upon the Wazirx exchange – a loss of some 230 million Ethereum-based tokens, a sum large enough to make even a Maharaja blush. Oh, the indignity! To have one’s wealth jeopardized by the unseen hand of the digital thief 😈.
Technical analysis whispers of a $726 rally, but only if the market doesn’t fold like a tired farmer’s hat. 🧢
XRP is back under the spotlight, all thanks to President Trump’s audacious move to appoint Michael Selig as chairman of the U.S. Commodity Futures Trading Commission (CFTC). Now, if you thought leaving Hollywood for New York was bad, imagine being the new sheriff in town for cryptocurrency. Selig, who’s been hanging out at the SEC advising on crypto stuff, revealed his appointment on social media on Oct. 25. So, here we go, another celebrity endorsement of sorts, only this time, it’s for cryptos.
or colors. Alright, time to put it all together.End of Thought (6.57s)
Now, let’s talk about this rally-what a spectacle! In just one month, ZEC has catapulted by an eye-watering 380%, smashing through the 2021 closing price of US$319 as if it was a child’s plaything.
This acquisition isn’t just a “major record”; it’s a symphony of institutional expansion. Ripple’s XRP Ledger ecosystem now boasts new integrations and utility for RLUSD, their stablecoin. Imagine a stablecoin so stable, it could outlast a government. Or at least a political scandal. 🤷♂️
In the grand world of decentralized finance, where one might expect serenity and clarity, our dear dYdX finds itself embroiled in a bit of misfortune-imagine that! A fortunate few traders, having endured the harrowing eight-hour pause during last month’s market tumult, are now to be appeased with a generous bounty of up to $462,000. How … Read more
Arbitrum, Base, Optimism, and Worldchain are hoarding over $35 billion like it’s the last slice of pizza at a party. 🍕
Despite this flood of withdrawals, the digital asset universe isn’t all doom and gloom. In fact, overall investment products in the digital space attracted a whopping $921 million in inflows. That’s the kind of number that makes you believe that maybe, just maybe, the crypto ship isn’t sinking after all. Of course, the looming specter of a partial US government shutdown adds a bit of uncertainty, clouding the macroeconomic outlook and limiting access to crucial policy data. Is the Federal Reserve going to cut rates again, or are we doomed to this perpetual state of guessing? ⏳