Welcome to Crypto for Advisors, where financial wizardry meets the world of digital assets. This week, we’re diving into the wonderland of DeFi, all while sipping tea and pretending we understand what’s going on. Don’t miss a beat-subscribe here to get it delivered straight to your inbox every Thursday.
Ah, the thrill of the chase. For every buyer, there’s a seller-except in 2025, those sellers seem to be unusually active (maybe it’s the hot crypto summer, who knows?).
Now, traders are clutching their calculators, wondering if ETF optimism and staking demand can catapult the price back to $300. 🤑 Or will it all end in tears and a trip to the crypto bargain bin? 😢
TRUMP, that Solana-spawned chimera, prances from its falling wedge, eyeing a 70% ascent to $13 by 2026-a leap as audacious as a butterfly with delusions of eaglehood. 🦋→🦅
Apparently, the European Commission – or EC, if you’re into abbreviations that sound like a sci-fi villain – has kicked off a full-blown investigation into whether these titans of trading conspired in a secret handshake to keep prices suspiciously in sync, carve up demand like a leftover turkey, or exchanged some “sensitive” data that, well, got the regulators twitching. Think of it as a giant game of Monopoly, but with less fun and more fines. The markets responded with the subtlety of a herd of elephants, with Deutsche Boerse’s shares nose-diving more than 7%-probably wishing they’d kept their shady dealings under wraps-while Nasdaq flopped down 1.7%, pre-market style.
Bitcoin is clinging to its $103,000 mark after a brief moment of panic when it dipped below $100,000 just last Wednesday. The CoinDesk 20 Index (CD20) is up by a modest 1.8% over the last 24 hours. Nothing to write home about, though, right?
A crypto oracle, Coach JV, proclaimed to his disciples that the sight of XRP trading below $2 was naught but a “blessing” for the spiritually fortified buyer-a notion as comforting as a priest’s sermon during a famine. 🧠
For the first time since the halcyon days of January 2018, ZEC graces these lofty heights. Its October ascent, a steady march amidst global market volatility, has been nothing short of a Turgenevian novel-full of quiet determination and unexpected twists. Over the past 30 days, ZEC has surged a staggering 250%, adding $5.7 billion to its market capitalization. With a total value of $8.46 billion, it now sits among the top 20 cryptocurrencies, a nouveau riche at the ball. 🎩
The fund, a digital tokenized monstrosity named the Franklin OnChain U.S. Government Money Fund, is registered in Luxembourg, because nothing says “trust” like a European bureaucracy. Each investor’s share is a blockchain-verified token, which is presumably more exciting than a paper certificate. Or perhaps it’s just a way to make the word “transparent” sound less like a euphemism for “I have no idea what’s happening.”
