Crypto News

“Every year, millions of files are shared that depict the sexual abuse of children… This is completely unacceptable,” declared Danish Minister for Justice, Peter Hummelgaard, his voice heavy with the gravity of the occasion. “Therefore, I am glad that the member states have finally agreed on a way forward, a path that binds the providers of communication services to new obligations.” One cannot help but marvel at the irony of such declarations, for in the pursuit of protecting the innocent, the very fabric of privacy is torn asunder. 🌍

Well, sweetie, this isn’t just a blip on the crypto radar. Banks, financial institutions, and market darlings can now use RLUSD as a trusted asset for borrowing and lending in the region. Yes, you heard that right-trusted! In the wild world of crypto, that’s like being invited to sit at the cool kids’ table. 🍾🥂

Binance has decided to extend a velvet rope to the world of crypto, but this time, it’s aimed at the wealthy folks who are ready to step into digital assets. These clients-mostly family offices, asset managers, and private funds-are new to crypto, and Binance is there to bridge the gap between traditional finance and the increasingly baffling world of digital markets. It’s like teaching a goldfish to swim in a pool of sharks.

Eight trading days-barely enough time to brew a proper cup of tea-and XRP ETFs have amassed over $644 million. Canary Capital, Bitwise, Grayscale, and Franklin Templeton are gobbling tokens like a buffet you shouldn’t be allowed to attend.

At the time of this scribbling, Bitcoin hovers near $91,700, a figure that has seen a 6% ascent in the past day, though it remains a shade diminished over the week. This modest recovery follows a precipitous tumble below $81,000, a fall as graceless as a debutante tripping at her first ball. Yet, the coin still languishes 27% below its October zenith of $126,000, a summit now as distant as a forgotten New Year’s resolution.

So, what does this mean for crypto? Well, apparently, it’s all sunshine and rainbows. The magic formula here? A dovish macro policy (translation: lower rates) + a guy who owns a big chunk of Coinbase. Sounds like the recipe for a juicy bull run, right? According to Juan Leon at Bitwise (who sounds like the kind of guy who wears socks with sandals but knows his crypto), “If Kevin Hassett becomes Fed Chair, the implications for crypto are strongly bullish.” Bold words, Juan. You’re saying a guy who’s publicly critiqued interest rates and has a stake in a crypto exchange is going to make crypto soar? No pressure, Kev.

Back in the spring, when things were smellin’ of roses 🌹 and crypto promises, a passel of public companies decided to park their money in Bitcoin . Now? Well, the market’s done a funny thing, and some of that fancy math ain’t addin’ up no more. Their stock’s gone down, but their Bitcoin’s still there-and it’s lookin’ mighty tempting to turn that back into good ol’ cash.

Upexi, steadfast in its determination, did embark upon this grand endeavour with a firm grip upon its ledger, directing its efforts toward the acquisition of more of Solana’s native sigils. Such ambition was not without hope of reaping a passive bounty, a common aim shared with the likes of those one might encounter among the Russian pastoral scenes-the gentleman farmer staking his claim to his patch of fertile earth.

The World Federation of Exchanges (WFE), a bastion of traditional wisdom in a world gone mad, has sounded the alarm. In a letter dripping with urgency, they decry the proliferation of these “stock tokens,” which masquerade as legitimate investments while lacking the very essence of what makes a stock a stock. “A plethora of brokers and crypto-trading platforms,” they write, “offer these fraudulent instruments, endangering both market integrity and the souls of investors.” 😱💼

“I say, it’s still jolly likely Bitcoin will top $100,000 before the year’s out, and perhaps even shimmy to a new high,” Lee chirped during a spot with CNBC on Wednesday, his tone as breezy as a summer’s day at Blandings. 🌞