Stablecoins to Send Bankers Into a Frenzy? Bank of England Has Thoughts!

Picture, if you will, a coin, noble in intent, tied by the ankle to the mighty US dollar and promising to hold its value as firmly as a Parisienne clutches her purse in a crowd. Yet our Governor frets: If the rabble adopts these stablecoins, will the financial system wobble like a courtier after too much wine?

Crypto Scandals, Mad Dashes, and the Bitcoin That Would Be King 🤴💰

A thoroughly dignified Bitcoin chart, absolutely terrified of heights.

Over the weekend, our dear cryptocurrency made a valiant attempt to rise above its station. Success, alas, proved as fleeting as sincerity at a debutante ball. Today, it nearly caressed the rarefied air of $109,000, only to be reminded by the market’s disapproving aunts—who, in this case, resemble bearish sellers—that one must never aspire above one’s place (unless armed with far more liquidity).

IP/USD

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Ripple’s Legal Odyssey Ends in Defeat—You Won’t Believe How the Saga Unraveled! 😱⚖️

Brad Garlinghouse, CEO and protagonist for our age, raised his metaphorical vodka glass on June 27, announcing that Ripple would forgo contesting the court’s 2023 pronouncement—that those shadowy institutional XRP sales were, alas, securities transactions after all. Poor Brad. One imagines him contemplating the abyss of regulatory caprice, quietly whispering, “Am I guilty, or is it the law itself that is mad?”

AB/USD

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