Crypto News

Oh, the markets-where every day is a new drama, and the only thing more volatile than Bitcoin is my patience. 🤯

During the conference’s closing fireside chat-a moment as cozy as a barn dance but with more PowerPoint-Garlinghouse rattled off Ripple’s achievements this year. A $500 million funding round at a $40 billion valuation? Check. Major partnerships and acquisitions? Double check. New products like a prime brokerage service? Triple check. It’s enough to make a man forget he’s been staring at candlestick charts for hours. 🕯️💼

According to the ever-accurate CoinGlass, the past hour has been nothing short of a financial disaster for the over-leveraged. Liquidations hit a staggering $244,110. Of this, a mind-boggling $242,130 came from longs-those brave souls betting on Doge’s triumphant rally-while shorts barely squeaked by at $1,980. This means a tidal wave of 12,129% more longs were wiped out than shorts. Truly, a poetic justice wrapped in a meme. 😂

In a letter that could’ve been written by a sleep-deprived bard, Coinbase implored the Treasury to spare non-issuer entities (like themselves) from the ban on stablecoin interest payments. “We align with Congress’s intent!” they declared, as if Congress were a fickle lover whose every whim must be obeyed. One wonders if Congress, during its brief moment of lucidity, ever envisioned a world where stablecoins could yield more drama than a Tolstoy novel.

As exchange reserves shrink and traders twitch with anticipation, Ethereum’s market resembles a tightly wound spring. Will it bounce or snap? The suspense is killing us. 🎪

The timing, one must admit, is as striking as a misfired punchline at a comedy club. While Bitcoin and Ethereum languish, their grandeur dimmed by broader market declines, investors appear to be fleeing to the more risqué corners of the crypto bazaar. Memecoins, those whimsical creatures of the digital age, offer not only risk but also the intoxicating allure of spectacle. What is life without a touch of the absurd, after all?

According to the filing, each fund, a labyrinthine tapestry of financial alchemy, intertwines conventional company stocks with crypto-related ETFs. Tuttle, ever the visionary, intends to list these funds on the Cboe BZX Exchange, though they remain unapproved, rendering them as elusive as a mirage in a desert of regulatory scrutiny. The firm’s pitch? A steady income, coupled with crypto exposure, akin to sipping champagne while gambling at a roulette table-both intoxicating and perilous.

This bold move means Japan is now rubbing elbows with the likes of the UAE, Bhutan, and El Salvador. Welcome to the club, Japan! Asia’s second-largest economy is finally embracing Bitcoin as a key piece of its energy and digital strategy. Who would’ve thought, right? 😏

Ran Hammer, Vice President of Business Development at Orbs, said, “Perpetual Hub Ultra makes it possible for any DEX to offer customized, high-performance perps trading experience, with full white label stack out of the box.” Translation: “We’ve made it so complicated, even your grandma’s toaster can’t mess it up.” 🤡

She stressed the importance of being a good “paired card” with the US financial system – because apparently, synchronized finance is the new synchronized swimming. A joint framework is sure to pep up those cross-border charms and patch up any awkward ‘regulatory gaps.’