Ah, dear crypto traders, how you must feel! Brace yourselves for yet another tempestuous whirlpool of volatility, as the monumental U.S. nonfarm payroll report for November threatens to disrupt the tranquility of your trading sanctuaries. It arrives today, accompanied by the retail sales data from October-a delightful double feature, wouldn’t you agree?
Imagine, if you will, a world where liquidity pools on CEXs and DEXs shimmer with prosperity, and Solana-no longer just a blockchain, but the blockchain-hosts both XSGD and XUSD side by side like peculiar twins in a sci-fi novel. The first Layer 1 to pull off such a feat! A feat so grand it practically screams, “Behold, the new era of cross-border finance, now with 100% more instant swaps and less fuss.”
The case has become a flashpoint in a broader debate over who truly controls access to the US financial system. At its core, the dispute questions whether federal regulators can effectively override state-approved banks without clear legal limits. A question as old as time, or at least as old as the Federal Reserve itself. 🧠
Our beloved Bitcoin (BTC), once strutting about with all the swagger of a dapper gentleman at a garden party, has tumbled down to a measly $85,100. Meanwhile, some of its more flamboyant friends-those cheeky altcoins-have chosen to join the fray of despair, with Aster (ASTER) and Ondo (ONDO) leading the charge into the depths of double-digit doom.
According to the wise folks over at SoSoValue, those nine spot Ethereum ETFs recorded a staggering $224.7 million in net outflows this past Monday, Dec. 15-marking the largest one-day exodus since the last great upheaval on Nov. 21. BlackRock’s IBIT led the charge with a whopping $139 million making a beeline for the exit, while Grayscale’s ETHE and ETH funds trailed behind, dragging their feet with outflows of $35 million and $20 million, respectively. And wouldn’t you know it, not a single ETF saw an inflow that day! Talk about a ghost town. 👻
This grand initiative, akin to a masterful chess move, aims to weave RLUSD into the intricate fabric of Layer-2 (L2) solutions on the Ethereum (ETH) blockchain. This endeavor is made possible through a partnership with Wormhole, a behemoth in the realm of cross-chain interoperability. One might imagine them shaking hands over a virtual coffee, discussing how to make crypto more interconnected than an overly dramatic family reunion.
This snazzy fund issues shares as digital tokens living it up on the Ethereum blockchain, and they’re only inviting the cool kids-qualified investors-through their posh Morgan Money platform. Who knew finance could be so exclusive? 🙄
Market cap’s doing the limbo, folks-how low can it go? Dropped below $3 trillion, dragging the whole circus down with it. Bitcoin, the star of the show, just lost support faster than a clown losing his wig-dropping from a snazzy $90,000 to a “whoops, what just happened?” $85,200 in the blink of an eye. Talk about a rollercoaster-except this one’s missing the safety bars! 🎢💥
Payments giant PayPal, ever the supplicant, has applied to the powers that be – the Utah Department of Financial Institutions and the all-seeing FDIC – to birth this… this bank. The intention, they claim, is to shower small businesses with loans. As if a company built on the fleeting nature of digital transactions truly understands the agonies of a grocer struggling with inventory, or a carpenter lamenting the price of wood! 🤣
In the relentless pursuit of expansion, with the aid of exquisite Wormhole’s Native Token Transfer (NTT) standard, Ripple has brazenly ventured its asset forth to the swirling depths of Ethereum’s Layer-2 chains. There, amidst the bustling cities of Optimism, Base, Ink/Inkchain, and Unichain, RLUSD boldly has skirted and pirouetted!