But it is XRP, dear readers, that has decided to hog the limelight, surging a full 6% in the last 24 hours! It briefly flirted with the dizzying height of $3.03 before settling down, like a particularly ambitious social climber, at $3.00. Such extravagance! The trading volume, naturally, has tripled, because nothing says “sensible investment” like a frenzied mob. It appears âbig investorsâ are involved⊠or perhaps just unusually excitable pigeons. đŠ
According to Le Monde, the far-right deputies have framed Bitcoin mining as a âsolutionâ to Franceâs energy excessesâa problem born of their own policy failures. They claim the countryâs nuclear grid, a marvel of engineering, is underutilized, and thus ripe for monetization. One might almost believe in progress if not for the stench of opportunism.
Reports fluttered ostentatiously across X (thatâs âformerly Twitterâ for those still inhabiting the pre-Musk epoch) and a motley collection of crypto-centric watering holes. The general tenor: Kiyosaki had, in yet another moment of capitalist prophecy, declared 1,000 XRP sufficient to achieve dynastic glory. For those lured by the siren song of riches-without-effort, this was as intoxicating as cheap rosĂ© at a country fĂȘte. đ
On a Tuesday that felt more like a Friday, the SEC decided to boost the number of allowed options contracts from a paltry 25,000 to a whopping 250,000. Greg Cipolaro, NYDIGâs global head of research, chimed in like a town crier, âThis ainât just a change, itâs a landslide!â He reckons IBITâs already monstrous lead will stretch wider, while Fidelityâs FBTC gets left chewing the dust. đ
According to crypto oracle MasterAnanda, Bitcoinâs support isnât totally weakânope, itâs pretty much sitting in a cozy support pillow at above $110,000. The current declines? A mere 8% retreat from its $123,000 record high in July. Just a quick breather before the next moon landing, right? Nope, just market stuffââpart of the normal workings,â says our wise analyst. Theyâre telling us to chillax because corrections like this are basically the crypto version of âcatch your breath before smashing higher againâ.
Since mid-2023, Bitcoinâs ascent has been nothing short of a Tolstoy novelâepic, dramatic, and utterly captivating. The cryptocurrency has soared over 300%, leaving traditional investments in the dust like a troika at full gallop. The S&P 500, despite its record highs, managed a mere 38% gainâa respectable showing, but hardly worthy of a Pushkin ode. Gold, driven by inflation fears and geopolitical theatrics, mustered nearly 70%, while Ethereum trailed with a 56% rise. Oil, poor Oil, barely stirred from its slumber. đąïž
Behold the timeline of tragedy: On April 30, 2024, our protagonist made an ERC-20 approval transaction đ, granting scammers full reign over his walletâa gift he didnât even realize heâd given. Yet nothing happened immediately; no alarms rang, no red flags waved. Life went on as usual, blissfully unaware that the clock was ticking toward disaster.
This, of course, comes at a moment when the on-chain economy is all the rage, darling, from the marble halls of institutional finance to the smoke-filled backrooms of political intrigue. How trĂšs chic.
According to the ever-optimistic NYDIG Research, this decision may coax the wild horse of BTC into something more akin to a gentle trot. And what, pray tell, are these magical strategies they speak of? Covered call selling. Fancy term for: âIâll sell you my upside because Iâd rather collect rent than chase moonshots.â đ đ°
My dear, the ever-so-charming pro-crypto lawyer and Ripple enthusiast, John Deaton, has graced us with his insights. According to this darling of the legal world, Circle (the mastermind behind USDC), Ripple (with its nouveau stablecoin, RLUSD), and Ethereum (the grand dame of blockchains) are the belles of the GENIUS Act ball. Circle, you see, issues the oh-so-popular USDC. Ripple, never one to be outdone, has just unveiled its RLUSD. And Ethereum? Well, itâs the hostess with the mostest, hosting stablecoins like USDC and RLUSD with effortless elegance. đ
