Now, all eyes will pivot to the crypto ETF approvals and the ever-so-dramatic market structure bill, the mid-term catalysts on this grand stage. Will they deliver a standing ovation or a polite cough? Stay tuned.
At the moment of this missive’s composition, BNB basks at $1,003, a figure so round and robust it could host a dinner party for a dozen. Daily trading volume, a staggering $4 billion, has surged 22% in 24 hours-proof that the market’s appetite is as voracious as a man in a trench coat eyeing the last scone at a bake sale. One might say the breakout is as supported as a well-tailored waistcoat. 🧥📈
Imagine this: he’s in there, like a crypto Swan, battling to create those top-notch rules that champions creative chaos while simultaneously shielding consumers from the stormy skies of financial obscurity. And amidst the hallowed halls, whispers of a sworn enemy loom – none other than the former SEC Chair Gary Gensler, a man so determined to regulate your Grams he might just build a barricade to the moon! 😱
The charts, you see, are whispering of a “cup and handle” formation, which sounds frightfully like something one might encounter at a particularly disastrous garden party. Apparently, if it holds, we’re looking at a target of around $5,430. And, rather cleverly, it seems fewer people are in a rush to offload their Ether – selling pressure being at a six-month low. Seems even the digital coin hoarders are having second thoughts! 🧐
The fund, which is as straight-laced as a bank wearing socks and sandals, promises to give both the suits and the, well, slightly less-suits direct exposure to XRP. Hardly a daring exploit, it’s like giving a fish a calendar and saying, “Surprise-feast!”
No more tedious, case-by-case approvals, no more waiting for years while the SEC sips its tea. Exchanges can now list ETPs holding spot commodities, including those darling digital assets, without the regulator’s constant hand-wringing. James Seyffart, ever the optimist, declares: Get ready for a wave of spot crypto ETP launches in coming weeks and months.
BOOM indeed! 💥
They rolled out this 12-foot statue of Trump, not made of, like, normal metal that doesn’t lose its shine in two weeks, but hard foam. Good choice! Like, duh, it rains. Anyway, this masterpiece or what they call a masterpiece is now sitting in its very own throne on the National Mall. Guess which president it’s across from? Yawn.
Forward Industries, Inc. (Nasdaq: FORD), has taken pen to paper – or rather, cursor to form – and lodged a $4 billion at-the-market (ATM) equity program with the formidable U.S. Securities and Exchange Commission. Like a Russian noble pledging his estate, the company authorizes the sale of common stock, a gesture half bold, half desperate. 🧐
And if that wasn’t enough, the bank also plans to introduce foreign currency deposits using tokenized solutions. They’ll use something called distributed ledger technology (DLT), which sounds impressively futuristic, to manage multi-currency clearing and settlement with efficiency levels that could make your head spin.
The Colorado Division of Securities, in a most solemn manner, announced on the 16th of September that Judge Heidi L. Kutcher of the Denver District Court delivered a verdict against Indxcoin LLC and its founders, Eli and Kaitlyn Regalado, for their egregious securities fraud, contravening the Colorado Securities Act. The decision, following a three-day trial in May, resulted in a $3.34 million judgment, joint and several, against the defendants. The civil action originated in January 2024 when Securities Commissioner Tung Chan, with a furrowed brow, filed fraud charges, alleging the Regalados developed and promoted a worthless digital token. 🎩💸
