Cryptonews

Ripple (XRP) has officially turned up the heat, and not just because of the weather. It looks like we might just be on the verge of a bull run, so buckle up.

Based in the heart of New York, where the streets are paved with, if not gold, then certainly Bitcoin, Gemini priced its IPO late on Thursday, popping above the anticipated range of $24 to $26. Jolly good show, what? This little maneuver valued the company at a cool $3.3 billion before the trading bells even rang. Not too shabby for a pair of Harvard grads who once had a spot of bother with a certain Mr. Zuckerberg. 😏📈

The dynamic duo has kicked off by plugging Chainlink’s oracle tech straight into Polymarket’s resolution process, promising faster, verifiable results with almost zero judgment calls. It’s all about getting rid of those awkward “who picked the ref?” moments and replacing them with the sound of a whistle when the clock hits zero. 🎯

The US labor market’s downturn is now so dramatic that even the Kraken team, who are no strangers to the wild waves of crypto, are taking notes. They point out that the revision to the jobs data is more extreme than what we saw during the 2008 financial crisis. Yes, you read that right – the job market is that much of a mess. 😱

Solana’s market cap just smashed a new ATH of over $130 billion, which is basically the crypto equivalent of getting a text back from your crush. 💌 Meanwhile, $61 million in short positions got liquidated in the past 24 hours-ouch, that’s gotta sting worse than a bad breakup. 😬 And get this: Galaxy Digital apparently dropped $510 million on SOL this week. Big money, big moves, big *energy*. 💸 On the flip side, FTX & Alameda unstaked $45 million worth of SOL. Since November 2023, they’ve redeemed 9.98M SOL worth around $1.2B. Red flag? Maybe. But the chart pattern says, “Girl, you’re fine.” 💅

Since the curtain rose on April 1, right after the presale’s final bow, this mercurial project has danced with the fickle markets, which, much like bored dandies, have perked up at whispers of impending rate cuts following the latest CPI and PPI gossip. 

And here’s where it gets juicy – the SEC has taken its sweet time delaying other ETF applications from the likes of Franklin Templeton, BlackRock, and Fidelity. What makes REX-Osprey different? Well, they decided to file under the 1940 Act – a little less direct, a little more sneaky, and, apparently, a lot less annoying to the SEC. It’s almost like they’ve read the room.

It’s all looking quite delicious on the weekly chart for $SOL. The price has not only managed to crush the $220 resistance like a paper cup in a rainstorm but is now flirting with the idea of turning it into support. Imagine that, turning enemies into allies. How very dramatic. 🤩

According to Bloomberg-the oracle of all things finance-the SEC is on the verge of approving new crypto ETFs. Solana and XRP ETFs are apparently 95% likely to get the green light, while HBAR is sitting pretty at 90%. 🎉 The SEC has until October to make up its mind, which is basically eternity in crypto years. Meanwhile, Canary Capital decided to throw its hat into the ring with an “America-First” crypto ETF, because nothing says patriotism like digital assets. 🇺🇸🚀

Spot Bitcoin ETFs in the U.S. added $552.78 million on Thursday, marking their fourth straight day of inflows. That’s the longest run since August and a joint record with the seven-day glory days of Aug. 14 (spoiler: Bitcoin hit $123,000 and then *somehow* forgot it was a record). Wednesday’s $757.14 million haul was the biggest since July 16, according to SoSoValue-because apparently, even data analysts love a good numbers flex. 📊