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!
Tether, that wondrous progenitor of stablecoins and purveyor of parity, declared its intentions upon the world on that particular Friday, like Icarus unfurling wings of desire. Their proposal-ostensibly a 2.66 euro gambit per share-landed as a pebble upon Mount Olympus in the court of Exor’s disinterest. Yet, amid the clatter of cryptocurrency’s siren songs, one wonders-did they truly believe a 42-cent premium would sway the descendants of Fiat?
The yellow metal, much like a butler who’s just discovered the silver has been polished without his supervision, has been basking in the glow of investor panic. With the markets betting (76% chance, no less!) on yet another rate cut in January, gold’s status as a non-yielding asset has never looked more… well, non-yielding. 🏦💸
And just when you thought Bitcoin would crash the party harder-think again-last week, it did a little split from Nasdaq. Price dropped from $94k to below $90k, as if it was saying, “Hey, I’m not really feeling this hype.” All before the Bank of Japan’s rate decision-because why not add some extra spice? 🌶️
Verily, the crypto world has taken a most notable step toward the mainstream as regulated exchanges have demonstrated their capacity to manage such affairs with the utmost precision. Intercontinental Exchange Inc.’s New York Stock Exchange (NYSE: ICE), that paragon of propriety, announced on Dec. 15 that it has advanced the cause of crypto public listings, while leading seven of the ten most celebrated initial public offerings (IPOs) of the year.
This ambitious move compels investors to recalibrate their understanding of Japan’s potential influence on the crypto landscape-not merely through the usual sensational headlines, but through profound and structural transformations that might just ruffle a few feathers.