The U.S. SEC, ever the master of suspense, has extended its performance of “Will They, Won’t They Approve XRP ETFs?” Originally slated for August’s stage, the drama now crescendos in October. Grayscale, 21Shares, and their merry band of crypto-enthusiasts await their cue. The final curtain falls on:
According to the Messari report, the once-mighty Solana saw its total application revenue shrink like a deflating balloon, from $1.0 billion to $576.4 million. Pump.fun, the darling of the quarter, still managed to account for over 25% of this sum with $156.9 million, though it too suffered a 40% decline. Jupiter, Phantom, and Photon followed suit, their revenues dropping by 15.6%, 65.4%, and 72.4% respectively. A comedy of errors, indeed. 🤡
“While the Trump Administration is letting crypto bros write federal policy,” Pritzker quips, “Illinois is implementing common-sense protections for investors and consumers.” Because nothing says “I care” like a good ol’ legislative smackdown, right?
As the traders of Bitcoin (BTC) cast their hopeful gazes toward the horizon of September, they anticipate the Fed’s first potential rate cut of the year, which they believe could usher in a veritable renaissance for Bitcoin. The right nominee, a veritable golden goose, could propel the price to dizzying heights. Oh, the irony! A mere mortal’s choice could dictate the fate of a digital currency!
The privacy coin XMR appreciated by approximately 4% on Aug. 18 to $276, just days after the reported 51% attack on Monero by the Qubic mining pool. Since the saga started, XMR had been trending downward, and on Aug. 15, it declined to $233 as multiple media outlets and experts reported the commencement of the attack. 🧠
Ah, the eternal tale of two cryptos: Bitcoin, basking in the glow of institutional admiration, now commands a princely sum of $165.57 billion in assets under management (AUM). BlackRock’s IBIT struts ahead with $85.25 billion-because who wouldn’t want to be seen with the darling of the digital elite? Fidelity’s FBTC follows with $36.84 billion, and Grayscale’s GBTC trails with $21.44 billion, like the slightly less popular cousin at a family reunion. Meanwhile, Ethereum spot ETFs languish at a mere $25.56 billion, proving that even in the crypto world, being second fiddle is still… well, being second fiddle. The ratio? A jaw-dropping 6:1 in favor of Bitcoin. Truly, Bitcoin has become the toast of the institutional town, while Ethereum scrambles to find its seat at the banquet. One might say Bitcoin is sipping champagne, while Ethereum is stuck with the house white. Cheers to that, or should I say, *bit-te* to that? 🍷✨
During a shareholder call that was probably more exciting than watching paint dry, TeraWulf announced they signed a 10-year colocation lease with Fluidstack. And guess who’s backing this lease? Yep, our favorite tech giant, Google! They’re throwing around a financial guarantee like it’s confetti at a New Year’s Eve party, and in return, they get warrants to buy shares. Talk about a win-win! 💰
“While the Trump Administration is letting crypto bros write federal policy,” Pritzker announced with all the gravitas of someone who just read the spell book, “Illinois is rolling out common-sense protections for investors and consumers.” Because apparently, *common sense* isn’t just for middle school debate tournaments anymore.
On August 18, the regulator filed notices extending its review period for these applications. Among them? The Truth Social Bitcoin and Ethereum ETF-because who wouldn’t want to mix crypto with a dash of political theater? There’s also the spot Solana ETFs from 21Shares and Bitwise, plus the 21Shares Core XRP Trust. New decision dates? October 8 for Truth Social, October 16 for Solana, and October 19 for XRP. Mark your calendars, folks-it’s going to be a nail-biter. Or not. 😴
Reports of a horse thief – er, mining pool – rounding up 51% of the hash power enjoyed a fair share of whispers. Though no wallets lighter yet, history’s looking over the horizon with Uncle Tom’s foreboding scowl 🧐.
