So, what’s the deal? Is this the crypto equivalent of a midlife crisis? 🧐 Are we looking at a $12 billion sell-off that’ll make the Great Depression look like a garage sale? Or is this just Ethereum’s way of saying, “Hold my beer, I’m about to do something stupid”? 🍺
After much anticipation, REX-Osprey, a duo of REX Shares and Osprey Funds, finally launched on Sept. 18 the first U.S.-listed exchange-traded funds (ETFs) to provide spot exposure to XRP and dogecoin (DOGE). The two funds, trading on the Cboe BZX Exchange under the tickers XRPR and DOJE, represent a step forward in integrating well-known cryptocurrencies into regulated ETF structures. Cboe confirmed both listings, describing them as new issues set to begin trading immediately-because nothing says “stability” like crypto. 🤡
On a rather ordinary September 18, against the backdrop of fluttering leaves and possibly brewing chaos, DDEx graciously accepted Franklin Templeton’s sgBENJI into its arms. What is sgBENJI, you ask? It is none other than the glittering token of the Franklin Onchain US Dollar Short-Term Money Market Fund. Yes, it seems tokens are the new currency of affection! Ripple has cleverly placed its own US dollar stablecoin, RLUSD, alongside sgBENJI, promising hapless eligible clients a seamless transition from one form of digital loveliness to another, at any hour of the day. It’s like switching flavors of ice cream, only with more decimal points. 🍦💰
In a recent video posted on X (you know, the place where Elon Musk is rewriting the rules of social media), Crypto.com CEO Kris Marszalek shared his bold outlook for XRP’s future. And let me tell you, he’s not holding back. He predicts that a new XRP ETF could draw as much as $8 billion in inflows in its first year. That’s a LOT of cash. According to Marszalek, that level of new money would provide XRP with the extra liquidity it needs to gain more ground in the global cryptocurrency market. If XRP were a person, it’d be walking into the room like, “Hey, did I miss the party?”
In this relentless cycle, Solana and XRP futures have caught the eye of both the savvy old pros and the bright-eyed rookies alike. They’re setting up shop right next to Bitcoin and Ethereum, elbowing their way through the liquidity crowd, gathering open interest like a dog herds sheep.
Plasma boasts of crafting a stablecoin-first network, a laudable ambition to corner a trillion-dollar pie in global payments. The project, one might say, is less about glitter and more about the gutter-offering plumbing for the people, sans frills, where saving, spending, and settling occur with the subtlety of a well-timed yawn.
Ah, but of course, the ever-present danger of profit-taking looms like a dark cloud at a garden party. Mid-sized whales, those cunning creatures holding between 10K and 100K ETH, are sitting on profits not seen since 2021. Could they take their spoils and leave the market in a flurry of selling pressure? Only time will tell.
The enterprise commenced this curious phase upon the first day of April (one hopes not in jest), subsequent to the presale’s conclusion. Meanwhile, the august Federal Reserve hath decreed a trifling reduction of 0.25 basis points to the interest rate, a move many fancy could serve as a vigorous stimulant to those whimsical risk assets, including our fair canine contender.
As a crypto investor, I’m watching this new service closely. It looks like a really interesting bridge between crypto and traditional finance – basically, it lets you hold USD digitally and easily move money in and out using MoneyGram’s network. They’re starting with a test launch in Colombia, and if it goes well, they plan to expand it throughout the region. It could be a game changer for making crypto more accessible and usable for everyday transactions.
Peirce, ever the paragon of impartiality, clarified that attending events doesn’t mean she’s endorsing a project. “Just because I’ve met your CEO in a room with snacks doesn’t mean I’ve met your business plan in a room with snacks,” she said, with the gravity of a penguin explaining why it won’t share the ice. 🐧