Apparently, this wallet-possibly linked to Erik Voorhees, the big cheese of ShapeShift-has been busy as a bee these past couple of weeks. You know, just casually selling 4,619 ETH, which, at current prices, is cooler than a polar bear’s toenails-about $13.42 million. Yep, that’s a nice chunk of change that would make any crypto enthusiast envy your grandma’s cookie jar. 🐻💰
US-listed Ether ETFs, once gilded with institutional fervor, now weep $553M in outflows as network fees, staking, and leverage demand wither like autumn leaves. 🍁
In a recent revelation that could only be rivaled by my friend’s insistence that kale is delicious, CF Benchmarks, a proud subsidiary of Kraken (the only kraken I’m okay with), has declared that institutional investors are finally looking at Bitcoin as a serious asset rather than just a fleeting trend during a midlife crisis. They’re projecting a casual price of $1.4 million by 2035-because why aim low? 🎈
On a chilly December 17th, the Board of Governors, in a fit of bureaucratic whimsy, announced the rescinding of its 2023 policy statement. Why, you ask? Because, dear reader, the Fed has “evolved” in its understanding of crypto risks. How quaint! 🧐 The old policy, with its “heightened presumptions” and “supervisory expectations,” was apparently too much of a straitjacket for the delicate flowers of innovation. The new framework, built on the principle of “same activity, same risks, same regulation,” treats crypto not as a novelty but as just another player in the financial circus. 🎪
Imagine, if you will, the inflation rate now languishing at a mere 2.7% year-over-year-like a timid mouse hiding from the roaring cat of economic dread. The markets, startled by this revelation, are now poised to unleash a torrent of optimism that might even cause the most stoic investors to crack a smile or two. Yes, my dear readers, we might just witness a resurgence in the ever-elusive crypto world! 🤑
Web3, my friend, needs its TCP/IP moment-a protocol born of the same principles that made the internet unstoppable, yet forged to preserve the soul of blockchain: trustlessness, censorship resistance, and permissionless participation. But this time, it must scale. 🌪️
With a 24-hour volatility of just 2.2% (yawn), and a market cap that stands at a respectable but slightly sad $113.06 billion, one must wonder where the excitement went. And let’s not even start on the volume of $3.54 billion-sounds impressive until you realize that’s like finding a $20 bill in your jeans after washing them. 🎉
At their year-end System Update Conference, Coinbase laid out a spread of new offerings like a potluck dinner gone wild. Stock trading, custom stablecoins, tokenization, and AI-powered investment advisers-they’re throwin’ everything but the kitchen sink into the mix. 🤠📈
The market, a curious contraption of human folly, was unveiled before the December 18 session, scheduled for 16:30 UTC+4, and is tethered to the livestream of the event like a leech to its host. 🐉
Indeed, my dear readers, Digital Wealth Partners, a registered investment advisory firm focused on the modern marvels of digital assets, has graciously unfurled an algorithmic trading strategy for XRP, which, as previously mentioned, can now find residence within the esteemed confines of qualified retirement accounts, including IRAs. What a progressive step forward!