Cryptonews

Meanwhile, Grayscale, Bitwise, and 21Shares are out there behaving like kids in a candy store, aggressively chasing XRP ETF approvals. Market analysts predict inflows between $4.3 billion and $8.4 billion by year-end. But does BlackRock care? Not really. They’re too busy polishing their Bitcoin and Ethereum ETFs, claiming “limited institutional demand” for altcoins. Critics, however, aren’t buying it-warning that this hesitation might cost them dearly as competitors swoop in to steal the spotlight. 🦅

Behold, the great unwashed of XRP may soon find themselves rubbing shoulders with the pinstriped gentry, thanks to Amplify’s audacious Monthly Option Income ETF. This financial chimera promises both yield and exposure to XRP’s capricious price movements-a siren song for the yield-starved investor. 🪙

They call it the crypto “killer app,” which sounds impressive until you realize it’s probably just another shiny thing to distract us all, while the risks and doubts quietly sip their tea in the corner.

Canary Capital-imagine a bird that’s also a financial prophet-has chimed with predictions so audacious they might make a sardonic grin. Steven McClurg, that sharp-suited oracle of Finance Inc., proclaims XRP as the second most revered cryptocurrency on Wall Street, trailing only the venerable Bitcoin-because, naturally, everyone loves a little divisiveness. This recognition is no small feat; it signifies that institutional sharks prefer their assets familiar, like a well-worn cigar or a tasseled loafer.

Yup, XRP is testing its favorite support level of $2.70 for the third time in six weeks. It’s like that ex you keep running back to-annoyingly persistent and just enough to keep everyone on edge, because past performance doesn’t exactly spell stability, darling.

After braving the wilds of launching a Linux Node, Pi’s brave explorers are marching from version 19 to 23, a bit like crawling out of a box and into a shiny new toy shop. According to a message from August 27, the upgrade is coming in phases, starting with Testnet1 – which has already begun, much to everyone’s indifference. Next comes Testnet2, then the Mainnet, until the whole Pi kingdom is dancing to the stellar tune of version 23. Good luck, brave miners! 🛠️

The companies said xStocks will be issued as ERC20 tokens on Ethereum, each backed 1:1 with the corresponding equity listed on Kraken’s platform. Eligible clients will be able to deposit and withdraw the assets directly through Ethereum in the coming weeks. 🧠

According to the ever-reliable Bloomberg, the company has filed with the SEC, a bureaucratic formality that will presumably be completed by September 10th, assuming no one accidentally deletes the paperwork while binge-watching cat videos. Existing shareholders, meanwhile, are offering 4.9 million of their own shares to the wolves circling like vultures at a garden party. One imagines them whispering, “Trust us, it’s just a temporary loss of your life savings.”

As per the grand proclamation, SonicStrategy intends to channel this newfound wealth into expanding its operations, fortifying its validator network, and preparing for the ultimate leap onto the Nasdaq stage. The investment, wrapped in the cozy blanket of a convertible debt instrument, is backed by Sonic tokens and has a term of six months, with a conversion price set at $4.50 per share. However, this conversion is contingent upon SonicStrategy’s successful uplisting to Nasdaq and securing an additional $40 million in funding. And just to add a touch of whimsy, the debt is unsecured and interest-free, with any converted shares locked away for a solid three years-a testament to the company’s unwavering commitment to the long game. 🏃‍♂️💨

The market mood? Oh, it’s definitely shifted. Analysts are practically warning of a Titanic-style disaster, predicting that Bitcoin could soon tumble to the dreaded $100K level. Such a plummet would go down in history as one of the most dramatic corrections of this cycle. Fear is palpable, especially among short-term traders, but hold your horses-this could also be the perfect opportunity for those brave long-term investors. 🤑