According to the release shared with TopMob, the token was established under the Wyoming Stable Token Act. Because nothing says “fiscal responsibility” like a commission created in March 2023 to issue digital assets. 🚨
Let’s cut to the chase: Pi Network is so popular that its official X account has 4.2 million followers. That’s more than Ripple, Ethereum, and probably your local coffee shop’s Instagram page. But here’s the kicker-scammers love Pi like a kid loves cake, so the team begged everyone to stop falling for fake accounts. Because clearly, popularity contests are the ultimate measure of legitimacy in the crypto world, right? 🙄
Il semblerait que notre ami Morgan, avec ce pas audacieux, renforce la confiance des institutions dans les investissements crypto régulés. Et devinez quoi? Les clients fortunés en redemandent! Qui aurait cru qu’ils voulaient tant d’exposition conforme? Ils doivent penser que c’est le dernier cri de la mode à la cour! 💰
In a move that’s about as surprising as a tax bill in April, Morgan Stanley submitted a Form S-1 on January 6th, outlining their grand plan for the Morgan Stanley Ethereum Trust. This isn’t their first crypto rodeo-they’ve already filed for Bitcoin and Solana ETFs, because why stop at one when you can have a whole buffet? 🍽️ The trust aims to track ether’s price while staking a portion of its holdings to generate yield. It’s like a crypto-themed savings account, but with more jargon and fewer guarantees. 📈
McGlone, with a squint and a spit, warns that Bitcoin might tumble back to $50,000 by 2026, like a cowboy falling off his saddle after one too many whiskeys. 🤠 That $50,000, he says, is the ol’ reliable support level, the last waterhole before the desert. Unless, of course, the stock markets stay as calm as a summer breeze-which, let’s be honest, is about as likely as a snowstorm in July. ☀️❄️
Apparently, investors are swarming these ETFs like they’re giving away free schnitzel. 🥨 Santiment, the Sherlock Holmes of crypto analytics, says Ethereum ETF volumes hit the roof in January. The 2nd and 5th were like crypto Christmas, except instead of presents, there were record-breaking trades! 🎁✨
This filing ain’t just paperwork; it’s a declaration that Wall Street’s ready to swap its pinstripes for pixelated profits. While the ticker symbol’s still hidden like a prospector’s map, the structure’s clear as a desert sky: Ethereum’s going mainstream, and Morgan Stanley’s riding shotgun. 🚀
Experts, those ever-reliable prophets of hindsight, assure us meme coins are “dead.” Yet here we are, witnessing a revival of Solana-based alchemy, where code meets chaos and value is conjured from thin air. 🌪️
Meanwhile, over at Ripple, David Schwartz, the man who once wrangled code like a cowboy wrangles cattle, has hung up his spurs. “I feel fine,” he says, sipping lemonade on his porch, watching the crypto world burn. Retirement suits him, though the rumor mill tried to turn his quiet exit into a funeral march. Spoiler: He’s not dead. He’s just done. 🤠👋
