Crypto News

The REX-Osprey XRP ETF (ticker XRPR) pirouetted into existence mid-September, a firstborn in the SEC’s frosty cradle. Yet, the commission’s desk groans with pending petitions, their fates dangling like icicles on a thawing roof. October 18 looms-a date etched in Grayscale’s ledger-as 21Shares, Bitwise, and others await the SEC’s nod or a bureaucratic slap. Eleanor Terrett, erstwhile Fox scribe, whispers of 19b-4 filings being yanked, a move some optimists claim will “accelerate the future.” Bloomberg’s Balchunas, ever the pragmatist, sighs: “We thought this might happen. Makes sense. Just not sure how… yet.” 🤡

Behold! Bit Digital has declared an audacious proposal for a $100 million public offering of convertible senior notes priced to mature in the year 2030-mark that year, a distant chimera hovering on the horizon, subject to the capricious whims of market muses and the customary peccadillos of finance. Not content with mere certainty, the company blesses underwriters with a 30-day option to gobble up an extra $15 million-because what is excess in these extravagant financial ballets? Primarily, these liquid tokens shall be wielded to acquire Ethereum itself-digital gold for the modern age-while the remainder scandalously funds sundry “general corporate purposes”: investments, acquisitions, and other ventures that evoke equal parts mystery and ambition.

Ah, the sweet smell of financial power shifts, as BlackRock’s iShares Bitcoin Trust (IBIT) rises like a phoenix from the ashes, surpassing Deribit in bitcoin options. This sudden dominance is like watching a struggling underdog take the lead in a race they weren’t even supposed to be in.

The on-chain transaction, a transparent tapestry of ones and zeros, reveals the coins waltzing from a Bitfinex exchange wallet directly to Tether’s reserve address. A move so audacious, so *public*, it could only be the work of a company that thrives on both opacity and spectacle. Arkham’s blockchain explorer, that modern-day oracle, duly noted the transaction hash, ensuring the world could marvel at this financial pas de deux. 🕵️‍♂️

Now, you probably know that Telegram has been the unofficial headquarters for retail crypto trading – where you can chat about coins, pump the next meme token, and, hey, even trade a little on the side. But up until now, it’s mostly been about those spot markets. Well, now, these two genius teams decided to bring perps into the mix. Big surprise, right?

This financial fandango uses Visa Direct (their real-time payment platform, not a dance craze, sadly) alongside Circle’s USDC and EURC stablecoins. According to Mark Nelsen, Visa’s Head of Product (and presumably, Keeper of the Coin), this is all about solving the age-old problem of underfunded accounts. “Imagine,” he said, “a remittance company having to keep pots of gold in every country, just in case someone wants their money. It’s like preparing for a troll invasion without knowing if they’ll show up!” 🧌💼

Everyone’s holding their breath to see if it can break through $4,350. Apparently, that’s where rallies go to die. It’s like a velvet rope for crypto. Very exclusive. Very annoying. 😒

While we bask in the glow of this temporary relief, the dark clouds of uncertainty loom larger than the potential gains, casting a shadow over Ethereum’s future.

The demo was shown to VIP attendees and gave a glimpse of how the wallet might handle leveraged trading in the future. It was the kind of preview that makes you wonder if your portfolio is about to embark on a space expedition or merely a very ambitious scavenger hunt for yield.

Indeed! For lo, these past fifteen years have witnessed Bitcoin bestowing upon its investors an average return of nigh 80% within this very quarter. A handsome reward, wouldn’t you agree?