In a move that could only be described as a delightful cocktail of ambition and whimsy, the firm has unfurled its application for an ‘American-Made Crypto ETF.’ Yes, you heard it right-this fund will be a veritable cornucopia of digital assets, all proudly waving their stars and stripes! 🇺🇸
The exodus is as inevitable as a winter frost in Siberia. British fintech Wise has already packed its bags, and others are eyeing the horizon like seagulls spotting a discarded chip. London, once the belle of the financial ball, now sits alone, clutching its ledger and muttering about blockchain’s missed opportunities. 💼🌍
Celestia, Avail, Lido, Polygon-practically the blockchain equivalent of a guest list for dinner at Blandings Castle. Now, with a glint in their eye, they turn to Arbitrum, hoping to impress with ZK wizardry and the technical prowess of Offchain Labs’ own resident boffins.
Citadel, a puppet whose strings are pulled by IHC (majority-owned by Sheikh Tahnoon bin Zayed Al Nahyan’s Royal Group), has purportedly mined 9,300 BTC. A tidy sum, no? The government’s share, of course, trickles into state-linked wallets, as if the desert itself were whispering, “More, more.” 💼🐪
The legislation, passed in July with all the excitement of watching paint dry, bans stablecoin issuers from paying interest directly-probably because the lawmakers figured, “Hey, let’s prevent the banks from losing their grip on those fat deposit fees!” But crypto exchanges? They’re happily handing out yields and rewards like Santa at Christmas, which has the banking folks clutching their pearls and crying “Loophole!” as if crypto is the new Batman villain stealing their thunder.
When news of this shiny partnership broke, Cronos, the little engine that could – kinda – shot up 30%, from a shy $0.15 to a wild $0.20. Meanwhile, Trump’s stock dared to dance up 5.2% to $18.11 – talk about a “Trump bump”! Y’know, while Yorkville’s shares took a nosedive, slipping 2.4%, like they just remembered they forgot to take their vitamins. All said and done, with a market cap of $6.8 billion, Cronos is basically the tiny Tim of crypto, but hey, now it’s at the center of the crypto universe’s newest adventure – or misadventure. 🎢
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Bitcoin, that old reliable, has been quietly losing its grip, slipping about six percentage points over the past month to hover around 58%. The crypto faithful whisper that maybe, just maybe, altcoins are gearing up for a breakout. But the experts at Bitfinex warn that the environment’s more “fuddy-duddy” than “going bananas.” Capital’s pouring in, yes, but demand is lazier than a cat in the sun – not enough to send coins skyrocketing to their fantasy moon.
Both companies-huge players with more followers than a viral TikTok-are watching keenly. Why? Because whatever South Korea does, the crypto gods will either shower them with blessings or turn them into digital dust. 💸✨
Should this venture prove successful, Solana Co. would surpass the current public holdings of SOL, which, at present, amount to a mere 3.44 million tokens-a trifling $650 million by today’s standards. A modest sum, indeed, for such ambitious designs! 💰
