Analysts, ever the drama queens, whisper of $4,505 as a “key level.” A breakout, they claim, could fuel “the next move higher.” How very Shakespearean-though I’d rather not be the one holding the torch when the plot thickens. 🔥
We’ve seen a number of rumors circulating since the launch of XPL and want to set the record straight.
1/ No team members have sold any XPL. All investor and team XPL is locked for 3 years with a 1 year cliff.
2/ Of our team of ~50, three spent time at Blur or Blast. Our team…
Built on the Codex Layer-1 EVM blockchain, Primeone integrates institutional-grade credit, trading and net settlement into a single platform that lets clients trade with market makers and exchanges through one account. The platform uses USD stablecoin margin that automatically transfers onchain between counterparties’ wallets as positions fluctuate, with trading limits set dynamically from participants’ margin balances; Integral said this design preserves clients’ control of assets, reduces counterparty credit exposure and cuts capital and operational requirements. Integral named Virtu Financial and Europa Partners among early participants. CEO Harpal Sandhu said the product addresses limited access to credit in crypto markets and leverages Integral’s existing FX infrastructure, which the company says supports over $1 trillion in monthly FX trading. 🤯
What is it but another chapter in the great ledger of human endeavor? The titan known as SUI Group, striding boldly-jubilant before the scaffold-ready to launch not one but two stablecoins onto the Sui blockchain, a first in the annals of publicly traded treasury stock dabbling where the shadowy figures of stablecoin sorcery rule. Ethena, the conjurer behind the USDe, lends its incantations to this undertaking, promising a swift passage of the tokens into the world.
Some ‘analyst’ (and let’s be honest, aren’t we all analysts these days?) named Mikybull reckons this sets up a potential dash towards $4.70. Possibly higher. One suspects Mikybull has a vested interest in XRP going higher. It’s just a feeling.
Now, before you go clutching your pearls and wondering if XRP is about to plummet into oblivion, rest assured. Schwartz, in a rather nonchalant tweet, revealed that he’ll be retiring from the daily grind at Ripple by the end of the year. But don’t start picturing him sipping margaritas on a beach just yet. He’ll still be hanging around the XRP community, just lurking on the sidelines like a wise old owl-occasionally offering pearls of wisdom, while diving back into his hobbies. 🎸
World Liberty Financial (WLFI) – a name which, one suspects, is less known in the quiet villages of Russia than amongst the bustling digital merchant halls – is preparing to unleash its USD1 stablecoin upon the Aptos network. The announcement, a pronouncement of no small import, was delivered jointly by none other than the aforementioned Mr. Trump Jr. and WLFI’s own Zach Witkoff. One pictures a gathering of solemn gentlemen, adjusting their cravats and contemplating the future of finance. Or perhaps not. 🤷
A frankly hilarious plan to slap the Trump brand onto blockchain tokens is now underway-because, sure, why not? Zach Witkoff, co-founder of World Liberty Financial (because “liberty” sounds better than “questionable financial decisions”), pitched this masterpiece at Token2049 in Singapore. His grand vision? Letting you, yes you, own a microscopic fraction of Trump Tower Dubai. 🏙️💰
Tax policy, that ever-shifting sand dune of financial fate, hath once again rearranged the stars for corporations awash in cryptocurrency riches. Strategy Inc. (Nasdaq: MSTR), with a flourish of its quill, announced on the first of October that the U.S. Treasury and the IRS-those guardians of the fiscal gates-have decreed that unrealized digital asset gains and losses shall be cast aside when calculating the adjusted financial statement income (AFSI) for the corporate alternative minimum tax (CAMT). A boon, indeed, for those whose vaults overflow with Bitcoin! 🏦✨
The research, released just this Wednesday, paints a picture that’s as bleak for traders as it is sparkling for infrastructure providers. It’s like a casino where the house always wins. Traders, the poor souls, mostly lose their shirts in this short-term, high-risk gambling market, while the real winners – the launchpads, decentralized exchanges, and trading bots – are swimming in profits. But hey, someone’s gotta do the hard work, right?
