RAIN, the plucky little token, is hanging about 11% below its peak, while CC is playing it cool, lounging 16% under its February high. VELVET, the bounder, is already in price discovery, setting records like it’s going out of fashion.
Kraken is getting ready to offer perpetual futures trading to qualified U.S. customers, following regulations set by the CFTC. This could bring a widely-used crypto trading product into a more established and regulated U.S. market.
The world’s biggest investment firm has registered its new iShares Bitcoin Premium Income ETF, using the stock symbol BITA. This filing with the SEC is a standard step before the ETF starts trading on an exchange, and usually happens right before trading begins.
Liu highlights a key difference in how cryptocurrency operates. She points out that crypto isn’t just about price fluctuations or investment; it’s about building financial systems open to everyone. Traditionally, accessing financial markets requires specific location, brokers, and financial status, with new investment opportunities often going to large institutions first. Blockchain technology, however, can remove these barriers, potentially giving everyone equal access. Liu believes the industry should be evaluated on this potential. Currently, regulations limit this access – many platforms restrict their services by location – so while the technology *could* reach 5.5 billion people, that number represents its theoretical capacity, not necessarily who can use it legally right now.
Binance, with the air of a patronizing uncle, assures users that it will handle the technical process for this grand rebranding. The exchange will swap TON tokens to GRAM at a ratio of 1 TON to 1 GRAM, a gesture as generous as a miser reluctantly parting with a coin.
On June 11th, the asset manager registered its trust shares with the U.S. Securities and Exchange Commission, a necessary step before listing them on Nasdaq under the symbol BITA. This registration, filed as a Form 8-A, was done according to Section 12(b) of the Securities Exchange Act.
The rebound, my dear reader, picked up speed faster than a child chasing an ice cream van, all thanks to the team’s post-mortem report on the June 8 fiasco. And oh, what a fiasco it was! They’ve also promised a recovery plan for the poor souls who got caught in the crossfire. How very kind of them.
Ripple, ever the orchestrator, announces Bitso’s MXN-backed stablecoin, MXNB, will grace the XRP Ledger. A grand gesture, no doubt, aimed at bridging the U.S. and Mexico in a dance of regulated cross-border settlement. Yet, one wonders: is this a symphony of innovation or merely a cacophony of financial jargon? RLUSD and MXNB, they say, will provide liquidity-a noble endeavor, though one suspects the waters of enterprise payment flows are murkier than a Russian winter’s night.
The company’s chairman was under scrutiny after a recent event contradicted his long-held advice to investors. For years, he’d encouraged them to hold onto their bitcoin indefinitely, but a small company sale of bitcoin raised questions about his position.
On a sunny Thursday, June 11, Bitcoin sprang from its slumber at $61,100 and danced all the way to $63,400. Why, you ask? Because Mr. Trump, with a flourish of his pen, declared a memo of understanding with Iran was nigh. The markets, ever so fickle, rejoiced: the S&P 500 pranced 1.75%, the Nasdaq galloped 2.5%, and the Dow, oh the Dow, leapt a whopping 900 points!
