usdaed

Governance momentum: The Cardano Foundation, that venerable institution of blockchain wisdom, has approved ₳605k ($571k) to subsidize a content-delivery network for developers. A noble gesture, one might say, akin to a landlord fixing the plumbing in a crumbling tenement. Projects like Eternl and Vespr wallets, those steadfast tenants, now utilize this infrastructure, which could, in theory, foster a bustling metropolis of dApps. Or perhaps it will remain a ghost town, as all such visions tend to. 🏗️

In their filing, submitted on a Friday (a day when all serious matters are surely decided), they proclaim that this wondrous creation shall trade on NYSE Arca under the ticker GDOG, should the stars align in their favor. A name so apt, it doth bark with irony! 🐾

Should this bold venture succeed, we may witness a spectacle not unlike Mr Saylor’s celebrated accumulation of 628,946 BTC-an amount so colossal that even Mr Darcy’s ten-thousand-a-year looks positively parsimonious by comparison. Indeed, American Bitcoin has modestly begun with a mere 215 BTC, yet with a purse newly swollen by two-hundred million dollars, the gentlemen trumpet their intention “to build the strongest and most efficient Bitcoin platform in the world.” One wonders whether “efficiency” here means fewer fainting couches and more spreadsheets. 🤭

This SSK thing, apparently, had its best day *ever*. Trading volume went absolutely bonkers, reaching a frantic $66 million. It’s like a swarm of locusts descending on a field of perfectly good biscuits! 🍪

In practical terms, unload fifty grand of Bitcoin and the state slips a crisp hundred-dollar bill out of your digital wallet-so smoothly you’ll wonder if it trained with street magicians. The tax, should the legislative gods grin upon it, would leap into action on 1 September, scooping up two-tenths of one percent from anyone who dares swap so much as a cartoon ape jpeg in the Empire State. Think of it as a microscopic squeegee sliding across the blockchain, leaving behind faint streaks labelled “Upstate school rehab programs.” A noble cause, certainly, but try explaining that to the high-frequency trader whose algo just sneezed away its afternoon espresso money.

Since the last local low, there’s been a sharp upward trendline steeper than a mountain goat’s tail. If it fails, expect a free fall faster than a pig in a blanket. 🐖 The trendline’s probably gonna break, and when it does, XRP’ll be sprinting toward lower supports like a man chased by a bear. 🐻