Ripple (XRP), that enigmatic token, traded at $2.45, a mere shadow of its former self, having tumbled 33% from its yearly peak. Oh, the drama of it all! Even the filing of Canary’s 8A with the SEC, usually a harbinger of launch, failed to lift its spirits. Bloomberg’s Eric Balchunas, ever the optimist, predicts trading to commence by Thursday. 🗓️
So, what does this all mean? Well, Canary Capital has just dropped the paperwork that makes it all official. That sweet Form 8-A registration with the SEC could be the thing that finally gets this show on the road, and Nasdaq is poised to get its hands on those juicy XRP shares.
Well, here we are again. It’s your daily dose of CoinDesk 20 updates, where we all pretend to understand what’s going on in the cryptocurrency world. At the moment, the CoinDesk 20 is hanging in there at a respectable 3420.49, but it’s taken a little tumble-down by 2.1% (-73.11) since 4 p.m. ET on Monday. Just when you thought things couldn’t get more exciting…
Or, heavens forbid, what if the US government, in its infinite wisdom, ends its shutdown prematurely, unleashing a torrent of SEC commentary to spoil the party? 🍾🤡
The rate of XRP, once a soaring eagle, now plummets with the grace of a trembling leaf, descending 3.35% in 24 hours. 🪻
Ethereum holders are back in the black, increasing the chances of a rally to $4,000. 🧙♂️💸
Starting November 11, a lucky bunch of UK users will get to play with Coinbase’s new toy-the Coinbase Savings Account. It’s got a 3.75% annual equivalent rate (AER) that dances to the market’s tune, paid out daily because who has time to wait? Users can deposit or withdraw faster than you can say “Mark Twain’s mustache.” No lockup periods, no minimum balance-just pure financial freedom. 🕺
The reasoning behind this? A noble one, no less. Coinbase aims to make token launches “fair, transparent, and accessible” – as if the crypto world had ever been known for its clarity and equity. But who are we to argue?
There’s money to be made, no doubt. But if you’re not careful, you’ll end up holding the bag. Like buying a ticket for the Titanic after it’s already hit the iceberg. The trick is spotting the winners before they all go down like the last bottle of cheap whiskey at a bar. 🍸💸
Now, as 2025 dawns, and the world brims with stablecoins fluttering about like financial butterflies-reaching an astonishing $9 trillion transfer volume-this union seeks to embed USDC and USDT into enterprise workflows. Nearly half of Visa’s yearly traffic, a veritable flood, is now measured in these digital tokens. Who’d have thought, eh? This is not mere peculiarity but a seismic shift, a revolution, or perhaps just a very shiny fad-only time will tell.
