Since March of the perplexing year 2024, BNB has been mostly lurking in the shadows-cuddling around, waiting for its moment. Yet last month, it decided to turn heads, soaring to a sparkling new peak of 810 dollars. While the universe’s vast chaos causes most assets to shiver in their digital boots, BNB held steadfast, reaching a resplendent 883.86 dollars. A salve for the crypto collective-bravo! š„
Now they’re lettin’ folks mess with thisā¦ Xapo Byzantine Bitcoin Credit Fund. Don’t ask me what ‘Byzantine’ means. Sounds complicated, and complicated usually means somebodyās getting a cut. It’s supposed to be a safe way – regulated, they call it – to make yer Bitcoin work for ya. Like puttinā it under a mattress, only with more forms and a fella in a suit breathin’ down yer neck. Joey Garcia, a fella who runs things over there, says theyāre tryin’ to mix the old ways of bankinā with this new-fangled Bitcoin business. Says it’s just like savinā dollars, onlyā¦digital. š Right.
Here’s the juicy scoop:
State Street, the granddaddy of finance (founded in 1792, no less!), is no slouch. With $4.7 trillion in assets under management and a whopping $46.6 trillion in custody and administration, theyāre basically the Gandalf of the financial world-wise, powerful, and probably carrying a staff (or a ledger). š§āāļøš
CME Group disclosed a sharp uptick in XRP futures activity in a post on social media platform X on Aug. 21. The firm reported that open interest in XRP and micro XRP futures reached an all-time high with more than 6,000 contracts on Aug. 18, coinciding with the productās anniversary. In its post, CME Group stated:
On their careers page, Visa is rolling out the red carpet-or is it a blockchain carpet?-for a data analyst to join their crypto product team in the sunny enclave of Foster City, California. Your mission, should you choose to accept it, will involve scratching your head over VisaNet and public blockchain data, as if you were trying to decode your catās meows. š±š This isnāt just any data; itās the kind that could make or break payment efficiency, as well as provide thrilling opportunities (don’t worry, no bungee jumping is involved). They say:
Brace yourself. The new mUSD stablecoin is designed to be as seamlessly integrated into the Metamask ecosystem as possible. Apparently, itās going to be your go-to dollar-denominated asset for navigating decentralized applications and DeFi protocols. Initially, itāll be launching on Ethereum and Linea (Consensys’s L2 network)-because, of course, what better way to get your feet wet than by dipping into two of the most beloved platforms in crypto?
This week feels like a poker game with all-in bets. The price hovers near $0.00001230, a number thatās more of a curse than a milestone. Will it break free, or will it crumble like a sandcastle at high tide? The question isnāt just about money-itās about hope, sweat, and the cruel whims of the crypto gods.
Speaking at a Thursday summit in Wyoming, organized by the cryptocurrency advocacy group American Innovation Project, Matthew Galeotti, the acting assistant attorney general, delivered a speech so convoluted it couldāve been written by a bot. š§
Per an announcement that danced its way into the arms of CryptoMoon, Aave will graciously support four coins native to this blockchain upon its grand entrance: the ever-reliable stablecoins USDC (USDC) and USDt (USDT), the versatile Aptos (APT), and the enigmatic Ethena Staked USDe (sUSDe). To ensure that this performance is met with thunderous applause, the Aptos Foundation will shower users with rewards and liquidity incentives, a generous gesture to encourage the enthusiastic use of Aave on the Aptos blockchain. š
