In a letter that read more like a heartfelt plea from a puppy at a pet adoption event, Coin Center told the Senate that developers shouldn’t be sent to prison just because they don’t hold onto user funds. I mean, come on! No one’s locking up internet service providers when their systems are misused. So why the double standard?
Milo, a purveyor of crypto-backed mortgages, has reportedly originated over $100 million in home loans, including a record $12 million deal. A triumph of financial innovation, or a monument to the folly of the crypto-obsessed? The firm, licensed in ten U.S. states and counting, boasts a perfect record of zero margin calls, despite the tempestuous seas of crypto volatility. A testament to their prudence, or merely the calm before the storm?
The decline, as expected, has drawn a symphony of squabbling: builders, critics, and Coinbase executives trading barbs over strategy like they’re arguing over the last potato in a famine.
Yet, amidst this desolation, a figure emerges-Cryptollica, the crypto sage, wielding a chart like a weathered map. He points to a pattern, ancient and recurring, stretching back to the frontier days of 2014. “Déjà-vu,” he murmurs, his voice carrying the weight of a man who’s seen this rodeo before. Four cycles, marked like scars on the timeline, tell a tale of Dogecoin’s rise, fall, and stubborn resilience. Each dip into the oversold abyss of the RSI, each horizontal support line, whispers of a history that refuses to stay buried.
Bridge, that enterprising acrobat of finance, has been granted a conditional green light by the Office of the Comptroller of the Currency (OCC) to establish a federally chartered national trust bank. This bureaucratic labyrinth yielded its first key, albeit a tarnished one, to offer custody of digital assets, stablecoin issuance, and reserve management. The conditional charter, one might say, is less a golden ticket and more a passport to a bureaucratic purgatory, where federal oversight reigns supreme and scaling nationwide feels less like ambition and more like a dare.
Investment manager Brevan Howard’s cryptocurrency fund fell almost 30% last year as the bitcoin bull run faltered, the Financial Times (FT) reported on Wednesday. Spoiler: the bull run was just napping.
As of Feb. 18, XRP’s trading at $1.48, about as exciting as watching paint dry, with 24-hour moves flatter than a pancake at a breakfast buffet (+0.1% to +0.7%, depending on who’s telling the tale).
This bill, a grand attempt to shackle the wild stallion of digital assets with the chains of clarity, has stumbled into a quagmire of debates. Oh, the irony! Clarity, it seems, is the most opaque of concepts. Yet, the newly anointed CFTC Chair, Mike Selig, a man with the optimism of a hero in a Gogol tragedy, proclaims with a straight face that the bill is “about to” be signed. One can almost hear the heavens chuckle.
The development arrives as digital asset treasury firms face a tempest, their sails furled by the howling winds of a crypto market downturn.
Behold the CFTC, that steadfast guardian of derivatives, now brandishing an amicus brief like a sword in the age-old battle between central authority and local autonomy. One might call it the “War of the Wagers,” though few would wager on a happy ending.
