BMNR, the poor dear, was loitering at the $20 mark, a crucial support level, like a chap waiting for his tea to brew. It’s miles away from its all-time high of $160, mind you, but Tom Lee, the old bean, is convinced it’ll rebound once Ethereum shakes off its bearish sulk.
Our hero, Dogecoin, after a month of being guided by a rather gloomy downward trendline, has now burst forth like a jack-in-the-box! Thanks to our valiant crypto analyst, Trader Tardigrade-what a splendid name, don’t you think?-who spotted this marvelous breakout! Why, it’s as if Dogecoin took one look at that dreary old line and said, “Not today, my friend!”
Marshall Beard, Dan Chen, and Tyler Meade are all gone, effective immediately, per the filing. Beard also left the board, though Gemini insists it wasn’t because he disagreed with anything. Or anything anything. The stock? It fell over 10%-a small price to pay for such a thrilling ride of uncertainty.
Well, I say, the Cardano Foundation has gone and done it! They’ve voted a resounding “YES” on the “Cardano DeFi Liquidity Budget: Withdrawal 1,” the first of what one can only assume will be a series of financial capers. A bit like allowing Jeeves to manage the household accounts-one knows it’s in safe hands, but one still insists on the occasional receipt.
Oh, how charming-Michael Saylor’s Bitcoin treasury company, Strategy, has once again proven that “aggressive accumulation” is just a fancy way of saying “I’m pretending I’m a billionaire who hasn’t noticed the market’s been a rollercoaster since 2022.” Buying 2,486 BTC? That’s like ordering a pizza and then deciding to open a pizzeria. Now their total … Read more
According to the report, the debate is no longer about whether banks should dip their toes into the stablecoin pool – it’s about how to dive in without getting their hair wet. Compliance, scalability, and looking effortlessly chic while doing it. You know, the usual.
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Double-check the character count for the title. “XRPL’s Gated DEX: DeFi’s New Era or a Trap?” – that’s 56 characters. Good.
Now, rewrite each section with Turgenev’s style, adding the required humor and sarcasm. For example, the first paragraph could be something like, “The XRP Ledger, that stalwart of the digital realm, has undergone a transformation most unexpected, as if the very fabric of its existence had been woven anew by unseen hands.”
Ensure that all key points are retained: the launch date, the amendments, the permissioned DEX, the use cases, the risks involved. But present them in a more literary, perhaps more critical tone.
Finally, verify that the HTML is valid, no span tags, correct structure, and the title is properly placed.End of Thought (8.72s)
The XRP Ledger, that stalwart of the digital realm, has undergone a transformation most unexpected, as if the very fabric of its existence had been woven anew by unseen hands. A protocol shift, whispered of in hushed tones, now stands unveiled.
The XRP Ledger, once a simple tapestry of transactions, now bears the marks of a structural metamorphosis. Two amendments, like twin stars in the night sky, now dictate the ebb and flow of trading, settlement, and access-no need for custom contracts, though one might wonder if the architects of this system have forgotten the old ways.
Token Escrow (XLS-85), that enigmatic mechanism, has taken its place on February 12. Now, any token may be ensnared in its web of conditions, whether time-based, milestone-driven, or requiring the approval of multiple parties. One might say it is a labyrinth of control, where even the most mundane assets are bound by chains of code.
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On February 18, the Permissioned DEX amendment (XLS-81) shall awaken. As the XRPL Commons declared on the digital forum, this heralds the birth of controlled trading environments within the ledger’s native DEX. Three types of offers now exist: Open, Permissioned, and Hybrid. A curious hierarchy, indeed.
Open offers remain as they were, a relic of simpler times. Permissioned offers, however, demand credentials like a passport to a foreign land. Hybrid offers, that most pragmatic of creatures, first tap the private pool, then, when desperation strikes, flee to the open DEX.
The XRPL Commons, ever the diligent scribes, tested both amendments on Devnet. Their report, a testament to their diligence, confirmed full compatibility across token types. The infrastructure, they claimed, is now live-though one might question if the builders have been given a key to a vault they cannot yet comprehend.
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According to XRPL Commons on the digital forum, the Permissioned DEX operates atop two earlier amendments-XLS-70 (Credentials) and XLS-80 (Permissioned Domains). Credentials, that elusive proof of identity, now serve as the gatekeepers of the digital realm. Domain operators, the self-proclaimed arbiters of access, determine who may enter and when.
The open DEX persists, unaltered. Nothing is taken away, though one might argue that something has been lost.
Regulated institutions, those paragons of caution, face a conundrum with open DEX trading. No counterparty verification. No compliance controls. Sanctions rules render anonymous trading a legal tightrope walk.
According to XRPL’s official documentation, permissioned DEXes allow regulated entities to trade on-chain while verifying counterparties. Each DEX is tied to a domain, an access list of sorts. Trades match only within the same domain. A curious arrangement, where trust is not inherent but meticulously curated.
This change, for B2B payments, is nothing short of revolutionary. Invoice settlements may now occur with verified counterparties in isolated pools. Cross-border FX conversion still relies on the open DEX through hybrid offers. A delicate balance, though one wonders if the scales are tipping toward exclusivity.
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The escrow mechanism, too, plays its part. Lock stablecoin liquidity with time conditions. Issue credentials to partners. Open a permissioned pool for regional compliance zones. When transaction volume hits a threshold, liquidity unlocks automatically. Then, the hybrid model takes over, allowing partners to access the private pool or the open DEX. A single ledger, yet a world of complexity.
Treasury teams gain jurisdiction-specific trading zones. Token launches receive whitelist phases before public markets. Gaming guilds trade privately before cross-game markets open. Creator platforms lock royalty splits in escrow and run credential-gated collector sales. A new age of trust, though one might question if it is merely a veneer over the same old chaos.
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The documentation, that sacred text, makes one thing clear: permissioned offers become invalid if credentials expire, if the domain owner alters the accepted list, or if the domain itself is deleted. Invalid offers are purged automatically when a transaction touches the order book. A harsh fate for those who rely on the whims of their gatekeepers.
Domain owners, then, hold real power. A compromised or unreliable operator risks the entire permissioned pool. Traders within a domain are only as protected as the issuer behind their credentials. A precarious existence, where trust is both a gift and a burden.
Permissioned DEXes are also incompatible with Automated Market Makers. AMMs cannot fill permissioned or payment-restricted offers. A hybrid offer may blend the two, but no transaction can draw from two different permissioned DEXes at once. A strict hierarchy, though one might argue it is a reflection of the real world.
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Reserves cost 0.2 XRP per escrowed asset. No clawback during the lock period. Technical specs for both amendments are publicly available, XLS-85 and XLS-81, and Devnet testing is open at tests.xrpl-commons.org/permissionedDEXes. A transparency that is both admirable and bewildering.
The pattern across every use case is the same: lock → control access → automate release → bridge to open markets. As XRPL Commons declared, all protocol-native. No custom contracts anywhere. A triumph of simplicity, or perhaps a triumph of complexity masked as simplicity.
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Jupiter Exchange has orchestrated a most remarkable shift. Thirty billion dollars in natively staked SOL, once as useful as a pocket watch in a pocketful of cabbages-earnings yield, yes, yet entirely absent from DeFi’s glittering soiree-now finds itself invited to the dance. The wall, it seems, has crumbled like a poorly constructed teacake.
STON.fi started as a way to swap cryptocurrencies directly on the TON Blockchain, using what’s called an automated market maker. Later, they created Omniston to solve a problem: with several different exchanges (DEXs) on TON, users had to check prices on each one individually. Omniston aimed to simplify this by bringing all the available funds together in one place, making it easier to find the best prices.
In the grand theater of crypto, where fortunes rise and fall with the whims of the market, a new act has unfolded-one that would make even the most jaded observer chuckle into their tea. Behold, the year 2025, a time when tokens, once the darlings of venture capitalists, now lie scattered like fallen leaves in an autumn wind. According to the wise scribes at Galaxy Research, a staggering 85% of these tokens trade below their launch price, a spectacle as tragic as it is amusing.
