So, here’s the deal: Ripple just hit a milestone in the Middle East with their USD (RLUSD) stablecoin getting a “greenlight” from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). They’re now an “Accepted Fiat-Referenced Token.” Big words, huh? Basically, this means RLUSD can be used as collateral on exchanges, lending platforms, and more. Very exciting stuff for the crypto nerds out there. 💰
The asset manager has conquered the final regulatory barriers and is now poised to begin trading its U.S. spot XRP ETF, which will debut on December 1st under the ticker TOXR on the Cboe BZX Exchange. It’s official: they’ve got the green light, and it’s go time!
In a world where the mad scramble for digital gold strips humanity of its humble bearings, Arthur Hayes, the once-listed tsar of BitMEX, shared some naked truths. The crypto carnival, he exclaimed, rolls into its most ferocious phase, fraught with both drama and the specter of financial ruin for the unwary commoners.
LINK reserves on exchanges are dropping like hot potatoes. From 275 million to 214 million, it’s a freefall that would make even Wile E. Coyote jealous. 🏃♂️💨 Nansen’s data shows demand is rising, probably because investors are hoarding LINK like toilet paper in 2020. 🧻
Rather than dApps or crypto unicorns, the proposal focuses on the unsung heroes of the blockchain world: the plumbing. You know, the stuff that makes sure your DeFi doesn’t leak like a rusty faucet. 🚰
I mean, seriously, how many times does this have to happen before someone says, “Hey, maybe we should beef up security?” This isn’t their first rodeo. Back in 2019, they lost a boatload of Ethereum to the same group. You’d think they’d learn, but noooooo. 🙄
Turkmenistan, the land of mandatory haircuts and state-approved happiness, has decided crypto is the next big thing. President Berdimuhamedov, aka “The Crypto Enthusiast Who Definitely Uses A Flip Phone,” passed a law to regulate the industry. Because when you think “blockchain innovation,” you think total state surveillance, right?
Turns out, this wasn’t your run-of-the-mill chart-driven shenanigan. Oh no. The real hero (or villain, depending on your portfolio) was slippage. Yes, slippage-the financial equivalent of tripping over your own feet but somehow landing on a pile of cash. CryptoQuant’s Maartunn (a name that sounds like a Nordic superhero) flagged a whopping 163 BTC in buy-side slippage. That’s right, 163 BTC. Or, in human terms, “a lot.” 💸🔍
“We can go higher,” he declared, as if Ethereum were a rocket ship and not a decentralized network. 🚀🌕 Just a day after the gas limit got a 33% boost from 45 million to 60 million, Sassano’s already eyeing a 3X increase in the next couple of years. Because, you know, why walk when you can sprint into the future? 🏃♂️💨
ETH’s monthly trading activity? More ups and downs than a polka dance at a circus! 🎪 Initially, it dipped like a sad clown into the $280-$380 billion range. But then-BOOM! Mid-year resurgence, baby! Volatility, institutional shenanigans, and macro shifts pushed the volume to a whopping $599 billion in August. That’s more liquidity than a pool party at Caesar’s palace! 🏊♂️💸
