REX-Osprey, a name which sounds suspiciously like a particularly unpleasant illness, assures us their XRP endeavour (ticker XRPR, naturally) will commence trading this week. It will, they claim, offer “spot exposure” to the third-largest cryptocurrency. One shudders to think what the first two are.
Monsieur Luke Gebb, that illustrious Executive Vice President of Amex Digital Labs, declaimed on a fine Monday, “The true enchantment of voyage lies in the sweet torment of memory, and what better relic than the stamp, that vanishing phantom on one’s passport? As flesh and ink are banished into oblivion, Amex bestows upon Card Members a digital talisman to bask in their own grandeur.” How poetic, n’est-ce pas? 🎭
The phenomenon, let us call it “Trump’s Semi-Annual Yearning,” re-emerged, not in a meticulously crafted policy paper, but via a pronouncement on that digital echo chamber known as Truth Social. On the 15th of September, the missive arrived:
Eric Balchunas, Bloomberg’s ETF guru, has spilled the beans on X (yes, X, because we’re all trying to forget what Twitter was) that the Dogecoin ETF will be under the ticker DOJE and XRP will be strutting its stuff under XRPR. Who knew crypto could get this fancy? 🧐
The U.S. is the grand puppeteer here, directing a hefty $3.3 billion inflow, while Germany shows up with a polite $160.2 million, Canada humbly offers $14.1 million, and Hong Kong and Australia toss in their loose change at $5.4 million and $2.4 million respectively. Meanwhile, Switzerland and Sweden, ever the party poopers, are busy refunding their crypto tickets with outflows of $92.1 million and $5.6 million-because who doesn’t love a dash of Scandinavian skepticism?
As if we were watching a dramatic play unfold, institutional trading volumes took center stage, escalating wildly to over 126 million tokens on September 15-nearly three times the usual audience of corporate flows, with whispers of portfolio rebalancing echoing throughout the market’s grand theater, amidst the mounting scrutiny of our regulatory overseers, of course!
Fortified under the aegis of the dAI Team, composed of developers and splendidly bright minds in AI, our intrepid leader, one Davide Crapis, hath taken the mantle. With a flourish, Crapis hath proclaimed on the day of Monday, that their singular pursuit shall be the hastening of artificial intelligence and what is fancifully termed the ‘machine economy’ upon the Ethereum platform.
Ah, Winna.com, a haven for the privacy-obsessed and the VPN-wielding gambler! Founded in 2024, with offices in the exotic climes of Costa Rica and the staid halls of Switzerland, this no-KYC crypto casino promises speed, scale, and the sweet, sweet anonymity of a masked ball. With over 4,000 slots, a library so vast it rivals the Library of Alexandria, and table games backed by provably fair technology, one might almost forget the absence of a croupier’s smile. The sportsbook, a behemoth covering 10,000 live events, ensures that even the most discerning punter finds their thrill. Instant withdrawals, no minimum deposits, and a license from the Tobique Gaming Commission-what more could one desire? Perhaps the VIP Program, with its 60% rakeback and personal hosts, or the Status Match, offering up to $10,000 in cash for those who bring their VIP tier from another casino. Truly, a paradise for the discerning gambler, though one wonders if the lack of a physical presence might leave some yearning for the clink of chips and the murmur of a crowded room.
Each a peculiar scholar of risk-whether it be scaling Bitcoin until it flexes, forging cultural IP like some digital Prometheus, turning meme mining into a sport, or, in Useless’s case, an almost performance-art embrace of futility. Together, they illustrate the avant-garde of ‘risk-on’ fever, if the Fed decides to flash green.
But hold onto your pointy hats, because some clever clogs analysts reckon it’s too soon to bury these meme-y marvels. As the market gears up for a new phase-driven by liquidity flows, institutional shenanigans, and macroeconomic tomfoolery-speculation might just find its way back to this volatile corner of the crypto circus. Top boffin Darkfost (yes, that’s his name) reckons it’s time to dust off those memecoins and give ’em a second glance. Apparently, the data says we’re entering a zone where memecoins have historically woken up from their nap and gone, “Oh, look! A rebound!” 🌈
