qfx Pudgy Penguins-yes, imagine them waddling into Wall Street-now beckon the gaze of the mighty and powerful thanks to a fresh ETF application. As the CBOE offers its blessing and the SEC prepares to squint at the paperwork, traders sharpen their pencils and pray for divine intervention or, failing that, some juicy volatility.
Singapore is taking tokenisation from pilots to real-world adoption, advancing regulated finance with greater access, efficiency, and market maturity:
Fiona Murray, VP & Managing Director, APAC at @Ripple, shares insights with @readtheedge_sg on how…
Inflation jitters returned to haunt Wall Street on Thursday morning, causing risky assets-including everyone’s favorite volatile coins-to take a nosedive. The July PPI, which tracks wholesale prices, surged 0.9%, far outpacing the expected 0.2%. Year-over-year, it climbed 3.3%, leaving forecasts of 2.5% in the dust. Core PPI (minus food and energy) also flexed its muscles, jumping 0.9% and growing 3.7% annually. Who needs chill vibes when you’ve got inflation spiking like this? 😅📈
Back then, analysts were practically salivating over the prospect of XRP flipping Ethereum. And then came the reversal. Enter “Charting Guy,” the once-optimistic prophet of the flippening, now practically eating his words. “Well, folks, guess what? That ship has sailed,” he said, waving his hands dramatically, possibly while sipping his favorite herbal tea.
Experts (or so we’re told) predict that by 2033, this whole digital asset circus might reach a mind-boggling $19 trillion. This includes bricks-and-mortar assets such as real estate, which hold steady at a modest $3.7 trillion, and equities-those paper dreams-worth about $2 trillion. If you’re wondering whether this is just paper talk, remember: paper can burn, but tokens? Well, they’re kind of immune-until they’re not. 😅
XRP is currently trading at $3.23 after an 8% weekly gain, though it dipped slightly yesterday because even cryptocurrencies need a nap sometimes. Analyst David_kml says big banks and payment companies are hopping on the XRP train faster than you can say “blockchain.” It’s basically becoming the Beyoncé of cross-border payments. 🌍✨
Crypto and stablecoins are muscling their way into the mainstream, and the banking world is having an existential crisis. The solution? Slap a compliance score on every wallet, because nothing says “I trust you” like grading you on a scale from “Saintly” (100) to “Probably Going To Jail” (0). BIS economists, who apparently moonlight as school hall monitors, suggest turning blockchain into your personal anti-money laundering (AML) scorecard. 🏆📉
Plot twist: XRP, the coin your uncle still calls X-B-R-P, just strapped on rocket skates and shouted “To the Mel Brooks Moon!” 🚀 The poor dollar signs are clutching their pearls while investors yell “It’s alive! It’s alive!”
In a missive most profound, the analysts of Goldman Sachs, led by the learned Jan Hatzius, proclaimed that the tariffs-those cunning taxes on foreign goods-hath burdened the American consumer with 22% of the cost, and lo, it may rise to 67%! A dire warning, indeed, yet Trump doth scoff and cry, “Fie! ‘Tis but a trifle!”
Thomas Lee, the guy with the fancy title and presumably a crystal ball, says Ethereum’s riding the AI wave and Wall Street’s infatuation with digital assets. Apparently, most stablecoins and big institutional blockchain projects are cozying up on Ethereum’s lap. Nice to be the popular kid, huh?
