According to Steven McClurg, the CEO of Canary Capital-who sounds about as confident as a cat in a room full of rocking chairs-we’re looking at maybe, just maybe, a 27% upside in this cycle. That’s before Bitcoin decides to pull a “Bah! Introduces the bear” on us next year. Currently, Bitcoin’s chilling at around $117,867, which means a 19% to 27% boost if you’re feeling lucky. Or brave. Or both.
Picture, if you will, the state’s titanic belly already swollen with twenty billion-yes, dear friends, twenty with nine zeroes-dollars’ worth of confiscated crypto-gold. A dragon hoard of Ether, Tether, and whatever coin-of-the-week happens to tickle bureaucratic fancy. Today, an additional $2.8 million flutters from the villain’s coffers into that iron-clad government purse, as casually as a pickpocket lifts a pocket watch on Nevsky Prospect.
The guidance also sets the bar for senior management responsibilities and the operation of client cold wallets. If you’re using third-party wallet solutions, you better make sure they’re as secure as Fort Knox. And let’s not forget about real-time threat monitoring and strict approval device controls. Because nothing says “I care” like 24/7 surveillance and a bunch of locks.
On a Friday, much like any other, but marked by the promise of innovation, August 15, Galaxy Digital announced the closing of a $1.4 billion debt facility. This monumental sum is destined to breathe life into the Helios data center campus, nestled in the heart of West Texas. The funds will not only repurpose the facility but also expand its horizons to power the ambitious AI operations under a long-term agreement with the esteemed GPU provider, CoreWeave Inc. 🚀
Now, US banks can frolic freely in the fields of crypto services, such as dollar-backed stablecoins, without the pesky need for prior approvals. This delightful turn of events is expected to broaden institutional participation in the digital asset ecosystem, like a buffet where everyone suddenly remembers they’re on a diet. 🍽️
Our tormented CTO had erected this single-hub fortress to worship the holy UNL validators and the restless spirits of other XRPL applications. No disruptive tests, he vowed-only silent vigil and the gathering of pristine data. Yet the ledger, that great indifferent beast, laughed at his piety. For fifteen agonizing minutes, the round-trip latency spiked as though every packet had suddenly remembered unpaid sins and paused to confess.
In a stunning twist of fate, Cardano has secured the second spot in Grayscale’s Top 10 Crypto Assets for 1-week returns. It’s like being the second-best contestant on a talent show-still quite impressive! With a 17.7% return over the past week, ADA is only trailing behind Chainlink, leaving giants like Ethereum, Solana, and Bitcoin scratching their heads in disbelief. Talk about a plot twist! 🥳
Bitcoin has decided to throw a party, smashing through the $124,000 mark like a kid on a sugar high. But wait, there’s more! Washington is embroiled in a stablecoin spat that could make your head spin faster than a hamster on a wheel. And let’s not forget Ripple’s legal saga, which has finally reached its dramatic conclusion-think of it as the soap opera of the financial world. Add in a high-profile guilty plea, a shake-up at the White House, and Ethereum ETFs stealing the spotlight, and you’ve got yourself a week worth watching. 📺
It’s trading at a sassy $4,444, just a hop, skip, and a jump away from breaking its all-time high. Talk about a glow-up!
Sal Gilbertie, the sage CEO and Co-founder of Teucrium Trading, stands at the helm of this unfolding drama, proclaiming that the trend of big names and institutions flocking to XRP and other digital assets is merely in its infancy. He waxes poetic about Bitcoin, that illustrious “digital gold,” which still reigns supreme as the storehouse of wealth. Yet, in the grand tapestry of finance, XRP weaves a tale of its own, standing out with its practical use in cross-border payments and financial services. As Ripple continues to forge alliances with banks and payment providers, Gilbertie foresees a day when more investors will awaken to the long-term value of holding XRP. It’s like waiting for the sun to rise after a long, dark night. 🌅
