qfx It appears the archaic world of Wall Street, with its bespoke tailoring and languid lunches, has been reluctantly nudged towards the flashing, pixelated realm of the blockchain. Securitize and BNY, in a gesture of cautious curiosity, have unveiled this STAC thing.
Bullish sentiment? Par ma foi, it’s a fountain! Institutional hoarding of XRP surges like a marquis’ pouffe overstuffed with intrigue. Cryptoquant, our esteemed friend, whisper-crowded us on Oct. 27: Evernorth Holdings, a gilded investment house funded by Ripple and crypto’s A-listers, now guards 388,710,606.03 XRP-a sum so grand, it’d make Louis XIV weep gratitude into his parsnip soup.
A few years ago, Europe strutted like a peacock, claiming leadership in crypto regulation. Today, that peacock’s feathers are looking a bit ruffled. 🦚→🐓 As global frameworks crystallize, the U.S. and EU are playing a game of regulatory tug-of-war, and Europe’s grip is slipping. 😬
In a world where cash is king but crypto is the court jester, Mastercard (MA) is eyeing Zero Hash like a prospector eyes a nugget. The card giant is deep in talks to snatch the blockchain whiz for a cool $1.5 to $2 billion, Fortune blabs, citing whispers from the know-it-alls. Seems Mastercard’s got a chip on its shoulder after Coinbase swooped in on BVNK, leaving them in the dust. 🏎️💨
Word from the CryptoQuant campfire is that Evernorth’s XRP stash is nigh on $1 billion, a figure that’s got the bigwigs tipping their hats in respect. JA Maartunn, the town’s sharpest number-cruncher, reckons Evernorth’s saddlebags are bursting with 388,710,606.03 XRP, just a stone’s throw from their billion-dollar bonanza. 📈 With unrealized profits of $46 million in four days, it’s like they’ve struck oil in their own backyard. Their average buy-in at $2.44 per XRP? Maartunn says it’s the kind of number that could make or break the market’s wagon wheel.
Meanwhile, inflows into spot Ethereum ETFs have resumed, a sure sign that institutional investors are finally taking this market seriously-after years of ignoring it, of course. 🤷♂️💸
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. How comforting to know our fate is dictated by a man with a spreadsheet and a PhD in despair. 📊😢
According to Saylor, Bitcoin’s journey from speculation to legitimacy began with the approval of U.S. Bitcoin ETFs-a spectacle akin to Wall Street adopting a stray cat and suddenly calling it a “luxury accessory.” Pension funds, corporations, and asset managers now treat it as a reserve-grade store of value. But the real transformation, he insisted, is as subtle as a rhinestone in a landfill.
Lower rates and the cessation of QT might unleash a deluge of liquidity, a boon for risky whims like Bitcoin, as history-oh, that sly jokester-has shown.
“I think these 12 months have probably been the best 12 months in the history of the industry,” Saylor said, as if the industry isn’t just a bunch of people trying to make money while pretending they’re not. 🤷♂️ CNBC, ever the reliable source of truth, reported this. 📺
