Minority Mindset

In a video that dropped on March 2-which, coincidentally, is also the day someone probably lost their car keys in a parallel universe-Hoskinson took a swing at Ripple CEO Brad Garlinghouse’s idea that a bad bill is better than no bill. “Nonsense!” he exclaimed, or words to that effect. “You don’t start by assuming everything’s a security and then hope for the best. That’s like boarding the Heart of Gold and expecting not to end up in a Vogon poetry reading.”

For many in the industry, this radio silence was the financial equivalent of watching paint dry. Fresh doubts bloomed like daisies: Will the Digital Asset Market Clarity Act finally get clarity or just another “not today” from Congress?

Mr. Cred, in his customary vein of wit, remarks that should Bitcoin grace us with an upward movement, he shall feign to have been a most ardent supporter of its ascent. Conversely, should it encounter rejection, he will no doubt profess to have foreseen such an outcome with the utmost clarity. A charming jest, to be sure, yet one that scarcely conceals the gravity of his conviction.

Price, that fickle creature, is penned in a tight corral, hemmed in by a sell wall so thick it’d make the Great Wall of China blush. Looming above, like a vulture circling a carcass, sits a mountain of 2 billion XRP clustered near $1.60. But hold your horses-for the first time in months, the stars seem to be aligning. ETF flows, long-term holder behavior, and whale accumulation are whispering sweet nothings beneath that wall. Yet, before we saddle up for a breakout, let’s tip our hats to the risk.

Leading stablecoin issuer Tether, after years of strained relations with accounting firms, has secured Deloitte’s stamp of approval for its new U.S.-regulated stablecoin. One might say the firm has finally found a partner willing to play along with its financial charades.

Behold, day four of the Middle East conflict, that eternal dance of chaos, which has cast its shadow over global markets during Tuesday’s pre-market, as investors, ever the cautious souls, retreat from risk like monks fleeing a tavern.

Chief Financial Officer Jim Nygaard, with a flourish, declared, “We opportunistically sold just over 1,900 bitcoin for approximately $175 million,” and added, with a wink, “We now hold under 1,000 bitcoin and shall remain ever so opportunistic.”