On a Wednesday that felt suspiciously like a calendar page, Pakistan declared it had signed a memorandum of understanding with a crypto firm linked to the Trump Family’s main crypto blockbuster, World Liberty Financial-a collaboration so earnest it could have been drafted by a slightly bored robot. 🤖
After painstakingly perusing the Senate Banking draft text for a staggering 48 hours (one can only imagine the mental gymnastics involved), Coinbase has regrettably concluded that it cannot endorse this legislative masterpiece as it stands.
The issues are many, and include:
– A de facto ban on tokenized equities: Because who needs innovation anyway?
– DeFi prohibitions, granting the government unfettered access to your financial… secrets.
VCIT, with its 0.03% expense ratio, is the kind of fund that makes you wonder why anyone would pay 12 times more for a similar product. It’s like choosing a bicycle over a luxury car-both get you to the same place, but one leaves you with more money in your pocket. FBND, meanwhile, offers a slightly higher yield and a smoother ride, though its 0.36% fee feels less like an investment and more like a toll on the highway of financial wisdom.
Egrag Crypto’s latest missive reveals XRP’s 3-day chart as a sonnet of bullish resolve, even as consolidation grips the tempo. The price, trapped in a descending channel, now tiptoes toward the $2.30-$2.40 corridor-a decision point where fate and Fibonacci converge.
The crypto market, a fickle beast, kicked off the third week of this month with the kind of momentum that makes even the most grizzled traders raise an eyebrow. The TOTAL market cap swelled by 4.45%, or roughly $130 billion, in one swift move-enough to make a man forget his troubles, at least for a spell. 🤑
If the worst does happen, and the market decides to take its existential nap, it’s crucial to keep your wits-and your investments-intact. Companies wobbling on shaky legs are destined for the dustbin when the storm hits. Conversely, the ones with grit, gumption, and enough cash reserves tend to rebound faster than you can say “buy low, sell high.” And, in that unlikely event, there’s one ETF from Vanguard I intend to cling to like a life raft-because I’ve learned, after enough missteps and market tantrums, that there’s value in steady, quiet resilience.
The paperwork calls it a “Rule 10b5-1 trading plan.” A bureaucratic shrug. Executives sell shares; markets twitch. The world continues.
The volume may sit within Mr. Gilboa’s newly observed pattern, but that presumes we ignore the broader picture. Previous sales have averaged about 85,000 shares-still a significant stake, but this particular sale clears nearly half his direct holdings. It signals not just liquidity but perhaps a subtle signal of his confidence in overextended valuation.
Ripple, the blockchain company that’s basically the Switzerland of digital money, has just managed to get a green light from Luxembourg’s financial watchdogs. This is a small miracle, considering Luxembourg’s bureaucracy is about as efficient as a leaky sieve. The CSSF (who are clearly the real heroes here) handed Ripple a preliminary EMI license, which means it can now inch closer to full regulatory compliance. Not that anyone asked for it, but hey, progress!
According to filings and public statements, the firm aims to use the charter to issue and manage a dollar-pegged stablecoin called USD1, which has grown quickly since launch-perhaps as swiftly as a goldfish with a jetpack. 🐠🚀