qfx US District Judge Paul A. Engelmayer, with a flair for the dramatic, declared it an “epic fraud.” 🦹♂️🔥 Kwon, the 34-year-old mastermind (or should we say, disaster-mind?), had confessed to fibbing about TerraUSD’s stability mechanisms. Apparently, it wasn’t the rock-solid safeguard he promised, but more of a soggy life jacket in a tsunami. 🌊💸
The old rules, it seems, were penned in an era when regulators viewed blockchain with the same bewilderment as a vicar encountering a flapper. Pham, with a wave of her regulatory wand, casts this repeal as a grand modernization-a clarion call to cease punishing innovation with the leaden hand of bureaucracy. 🧙♀️
Ripple has decreed that Swell 2026 shall occur in New York from October 27-29, a bold move to host back-to-back conferences in the same city. The real drama, however, is the forced union of Swell and Apex into a “mega-event.” Developers, enterprises, policymakers, and the XRP faithful will now coexist in a single room-like a family dinner where everyone’s arguing about blockchain. The strategy? To create a “cohesive vision.” One suspects the real goal is to avoid awkward small talk about the SEC lawsuit 🫡.
The initiative introduces a pathway for one of the top five digital assets by market size to access cross-chain DeFi applications. It extends XRP’s utility beyond the XRP Ledger into broader on-chain financial activity. Because who needs simplicity when you can have “utility”? 💸
Yet, within the company’s chambers, all is not doom and gloom. Their reports paint a portrait of ambition-a relentless accumulation of assets, the backbone of their “Bitcoin infrastructure” strategy. 🏗️💰 One cannot help but marvel at their audacity, even as the world outside whispers of folly.
According to the ever-reliable CryptoQuant, the Exchange Inflow Coin Days Destroyed (CDD) metric on Binance has just plunged to 380, the lowest it’s been since September 2017. For those not fluent in crypto lingo, CDD is a fancy way of measuring how long coins have been sitting around before being moved to exchanges. A low CDD means that the coins being moved are from short-term traders-your weekend warriors, not the long-term investors who’ve been holding since the glory days.
The courtroom, a stage for human folly, revealed how a humble apology can sway the scales of justice, while a trial of defiance may lead to a longer sentence. 🪙
The whispers travel on the wind, carried not by sparrows, but by the static of the digital age. Canadian analysts – those diligent observers of the financial constellations – now pronounce that XRP, that elusive particle of digital value, is poised for…adoption. Adoption! As if it were a stray kitten, rather than a potential upheaval of the established order. One feels a certain weariness with the pronouncements of “potential,” doesn’t one? Still, it is noted.
In a move that could make grown adults weep with joy (or maybe just cryptocurrency enthusiasts), the CBOE BZX Exchange has welcomed the 21Shares XRP ETF (TOXR) with open arms. This green light joins the party, making it a quintet of U.S. spot XRP-related funds in total.
