On Tuesday, 21Shares submitted its proposal for the “21Shares Ondo Trust,” a spot ETF that will track ONDO’s price like a lovesick puppy. The fund will hold ONDO tokens directly and use the CME CF Ondo Finance-Dollar Reference Rate for pricing—because who doesn’t want their investments to be as predictable as a soap opera? 🎬
According to Bloomberg, which, like a persistent mosquito, has its ear to the ground, the Bank of England (BoE) is rethinking its consumer-focused digital currency initiative. This, dear reader, is not merely a change of heart but a shift in the tectonic plates of financial innovation. The reasons? A growing chorus of skepticism regarding the necessity and benefits of such a venture. 🤔
This ETF, under the watchful eye of the crafty Bitwise, aims to mimic a cornucopia of renowned cryptocurrencies. With a fine selection, we find that 78.72% goes to the noble Bitcoin, 11.10% to the sophisticated Ethereum, and a humble 4.97% to the valiant XRP. Meanwhile, smaller portions of gallant altcoins like Solana, Cardano, and more keep the party lively!
On July 22, the deal went down: 4.77 million shares traded hands in a block deal smoother than a snake’s grin. BitMine vows to pour every last penny of the $177 million into Ethereum, because apparently, digital gold is the new frontier. Or maybe just the new slot machine.
Ah, sweet Republic, the herald of dreams! In a bold and rather audacious marriage with Mawari—the muse that inspires this decentralized ballet—they announce the dawn of node sales filtered through the prism of Regulation D. This affair, orchestrated by none other than Republic’s infrastructure management arm, Republic Runtime, serves both as a launchpad and as a chariot of delightful economic opportunity through Opendeal Broker LLC. 🥳
Dated on a rather ordinary Tuesday, 21Shares presented a preparatory prospectus to the venerable Securities and Exchange Commission, presenting the boldly christened “21Shares Ondo Trust.” This venture aspires not only to possess Ondo (ONDO) tokens directly but to track its performance in a manner so precise that it would make a mathematician weep, utilizing the CME CF Ondo Finance-Dollar Reference Rate as its guiding star. And, as if that were not enough, Coinbase is set to guard these tokens like a mother hen with her chicks. 🐥
These ‘analytics firms’ – Santiment, they call themselves – now measure our collective digital babble. “Social Dominance,” they proclaim, as if the sheer volume of online chatter holds any intrinsic value. It is merely the roar of the crowd, easily manipulated, easily misled. They track the “Social Volume,” the unique cries into the void. As if simply mentioning ‘Solana’ makes one a visionary, rather than just another sheep bleating in unison. 🐑
This cheeky maneuver comes barging in like an uninvited party guest, smashing the white-gloved hand of conventional wisdom that suggests Bitcoin dances to a tidy little four-year halving jig. Ah, the delightful waltz: rewards get halved, prices pirouette upwards, peaks appear like dapper gents at a soirée 12–18 months later, and then—ladoosh!—we plunge into bear market blues until the next round. Such a charming little tale served analysts, traders, and meme creators fabulously, with bullhorns blaring in 2013, 2017, and 2021. 🎩
But hold onto your hats, dear readers! This marks not merely the first dance on the crypto stage, but the prologue of an ambitious opera aimed at crafting a magnificent $500 million digital asset reserve, fortified by a tantalizing blend of equity and convertible debt. Who knew numbers could be this romantic? 💌
