Ah, dear readers, gather ’round as we unveil the latest tales from the tumultuous world of crypto! 🌪️
New key date for XRP holders unveiled
In a twist of fate, the illustrious ProShares, a titan in the realm of exchange-traded funds, has proclaimed April 30 as the fateful day for the launch of its futures-based XRP ETF. But hold your horses! 🐴 This announcement is as solid as a sandcastle at high tide; just because they set a date doesn’t mean the trading will commence on that very day. The ETF will dance around XRP futures contracts and swap agreements, rather than embracing the token directly. A step forward, they say! But let’s not forget the grand spectacle of 2021 when ProShares dazzled us with the first futures-based Bitcoin ETF. Critics, like the ever-eloquent Anthony Scaramucci, have been vocal about the SEC’s previous foot-dragging on spot ETFs. And lo! The product finally graced the market in early 2024, much to the delight of the masses. 🎉
“Sell all your Bitcoin”: Man who predicted 2008 crash reveals “best trade you can make”
In a recent proclamation on X, the ever-controversial Peter Schiff, a man who seems to have a crystal ball for market crashes, has urged his followers to part ways with their Bitcoin. He boldly declares this to be “the best trade you can make right now.” 🤑 According to Schiff, the wise investors should dive headfirst into gold and silver mining stocks, promising that those who heed his advice will be singing his praises in the future. As gold reaches a dizzying height of $3,291, Bitcoin is merely shuffling along at $84,110, down 0.71% in the last 24 hours, all while the stock market wobbles like a toddler on roller skates. And let’s not forget, on March 8, our dear Schiff created his own strategic reserve, boasting a whopping 0.055 BTC, claiming he’ll let it crash to illustrate what not to do. A true visionary, indeed! 😂
Court pauses appeal in Ripple case
In a dramatic turn of events, the United States Court of Appeals for the Second Circuit has decided to hit the pause button on the Ripple case, as reported by the ever-watchful James K. Filan on his X account. The honorable judge, José A. Cabranes, has granted the joint motion from both the SEC and Ripple. Now, the SEC must submit a status report within two months, leaving the courtroom as quiet as a library until the pause is lifted. Despite Ripple’s recent triumph, the XRP community is left gnashing their teeth in frustration as the case drags on like a soap opera with no end in sight. The SEC’s decision to drop its appeal comes on the heels of former Chair Gary Gensler’s departure, while Ripple has also dropped its cross-appeal after securing some concessions. Yet, in the midst of this legal drama, the price of XRP has taken a dip, trading at $2.08, down 0.74% in the last 24 hours, according to CoinMarketCap. Oh, the irony! 😅
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2025-04-17 19:09