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. 🎩💸
If it can clutch the $4,500 mark with its fang, it might dance toward $4,865, but alas, should it falter below, a torrent of selling may quench its fiery ascent.
Ah, but the devil, as always, lurks in the details. The filing’s language, crafted with the precision of a Kremlin edict, hinges on cryptoassets deemed commodities. Yet, in a twist worthy of a Dostoevsky novel, the Commission is reclassifying these very assets, paving the way for an XRP ETF and a host of other financial curiosities. 🧐✨
With $42 billion parked like it’s waiting for a Black Friday sale, Binance’s stash is either the market’s fire extinguisher or the gasoline can. It depends on which way the financial winds blow-fasten your seatbelt, folks.
What’s the actual magic trick here? Well, AP2 lets AI agents-yes, those digital know-it-alls-send and receive payments between themselves, juggling everything from credit and debit cards to stablecoins and real-time bank transfers like financial acrobats in a digital circus.
If it keeps chilling above the mid-range of its upward channel, maybe it’ll keep the party going. If not… well, enjoy the rollercoaster 🎢.
