The bill aspires to establish a most gracious unified regulatory framework, whereby Bitcoin and Ether shall be officially regarded as digital commodities, falling under the jurisdiction of the esteemed Commodity Futures Trading Commission, thus resolving the longstanding dispute over jurisdiction with the less dependable SEC.
On a nondescript Tuesday, CNBC News chanced upon Democratic Senators Elizabeth Warren and Jack Reed, two unwavering sleuths, raising mighty concerns over national security, sewn into the garment of crypto-what a tapestry! These senators, akin to literary heroes placed in the Kremlin’s high towers, did find themselves discerning shadows of conflict of interests in WLFI’s icy folds.
Leading the discourse, not unlike Pierre Bezukhov commanding attention at a Russian ball, is Geoffrey Kendrick of Standard Chartered. His thoughts, devoid of grandiose tales of ETFs or whales, wallow in the simplicity of percentages and historical patterns-a sage in a realm often consumed by the esoteric.
As stablecoins bloom like wildflowers in a desert of finance, they sharpen their roots in the eurozone’s soil, threatening to upend the delicate balance of central banking. Dutch central bank governor Olaf Sleijpen, a man of many hats (and perhaps a few sleepless nights), mused on Nov. 16 with the Financial Times that the ECB might need to rethink its playbook if these digital blooms grow too bold. 🌸
1+ backing for all major assets. They even integrated distributed validator technology for Ethereum (ETH) staking. Oh, and they acquired NinjaTrader and Small Exchange in a $100 million deal. Now, that’s a lot of moves for one quarter!
This descent below $92,300 was particularly ironic given the earlier euphoria when Michael Saylor, that modern-day Midas of crypto, proudly announced his firm’s $835 million Bitcoin splurge on Monday. Alas, while strategic whales continue their leisurely accumulation, the short-term holders-those jittery souls-are dumping their holdings faster than a hot potato in a microwave. 🥔💥
In a recent missive flung out across the digital ether from their lair on X (formerly known as Twitter, though one suspects the rebranding involved a tragic bar incident involving Elon and a confused ferret), the chaps at Santiment have been peering into the entrails of the 30-day MVRV Ratio. This arcane instrument – not, as one might guess, a Victorian railway timetable – stands for Market Value to Realized Value Ratio. It is, in essence, the financial equivalent of asking, “Are people currently losing money, or merely faking financial wellness?”
Apparently, everyone’s suddenly craving yield-enabled crypto exposure like it’s the last slice of pizza at a tech conference. 🍕 Fidelity’s Solana Fund (FSOL) is now trading on NYSE Arca, while Canary Capital’s Marinade Solana ETF (SOLC) is hanging out on Nasdaq. Because why have one when you can have two? 🤷♂️
The proposal, nestled in the dusty archives of governmental filings under the banner “Broker Digital Transaction Reporting,” sketched out on November 14, pulls the United States towards the Crypto-Asset Reporting Framework-CARF, for short. This framework, implemented with the ambition of a migrating flock, is set to wing its way into the arms of the IRS, gifting them with a panoramic view of foreign nests occupied by American birds. The measure whispers of a future where the U.S. tax system, hitherto independent, aligns with a dozen dozen nations committed to this elusive dance by 2028.
The idea that Ethereum is about to plummet straight to $2,000? Oh, how the drama unfolds. Sure, Ethereum has been through some serious market turbulence recently, with declines from $4,800 down to the current low of $3,000. But let’s not jump the gun here. The market’s been under pressure, yes, and important support levels have come and gone, but Ethereum’s not exactly showing signs of a full-on meltdown. It’s more like a momentary lapse in judgment-nothing a little rest can’t cure.
