Meanwhile, the altcoins seem to be auditioning for a horror movie, with Ethereum doing its best impression of a sinking ship at just under $1,900, and XRP sinking so low that I’m pretty sure it’s hitting the ocean floor beneath $2.15. 🐠
But lo and behold, the whispers of a move had been swirling since last May, with some folks betting their bottom dollar on a California dreamin’ transfer to Mendota. Alas, the winds of fate blows where they may, and Oklahoma it was.
Back in mid-March, they were all revved up to launch their fancy stablecoin, but, surprise, surprise! The government decided to play parent and established a whole set of rules more stringent than my mother’s rules about bedtime. 💤
Ah, the engulfing pattern! So simple, yet so profound. It whispers tales of market sentiment in just two candles. But beware, for spotting it is but the first step. To truly harness its power, you must know when and where it matters. Let us embark on this journey together, with a dash of humor and a pinch of sarcasm. 😏
Peter Brandt, a seasoned market analyst with a penchant for predicting doom and gloom, has conjured up a pattern in XRP’s price chart that’s as ominous as a Swiss Alps thunderstorm. It’s called a head and shoulders top, a bearish pattern that’s as reliable as a Swiss watch 🕰️.
So, you wanna be a crypto bank, eh? 🤔 Well, knock, knock! The FDIC’s finally let banks in on the crypto party! 🎉
Thus, a maelstrom of debate has been stirred, rather like a well-meaning but clumsy footman upsetting a tray of delicate teacups. Some espouse this pardon as a triumph for crypto innovation, a bold stroke in favor of unencumbered progress. Others, with furrowed brows and an air of disapproval, decry it as a lamentable setback for the staid guardians of financial regulation. 🤔 And we, the bemused onlookers, are left to ponder: does this pardon herald a paradigm shift in the treatment of digital assets under the aegis of Trump’s influence? Only time, that great revealer of truths, shall tell. 🕰️
BitMEX, of course, had already been slapped with a $100 million fine earlier this year after a legal battle that dragged on longer than a Marvel movie marathon. In July, the company admitted to breaking the Bank Secrecy Act, with authorities pointing out that it had conveniently “forgotten” to implement proper safeguards against illicit financial activity from 2015 to 2020. Oops. 🙃
Oh, the humanity! 🤯 The crypto market has taken a nosedive, wiping out all the gains from earlier this week. Bitcoin, the mighty king of cryptos, has plummeted to $83,800, a whopping 3.8% decline in just 24 hours! 📉 The market has shed a staggering $115 billion in value, leaving investors wondering if they’ll ever see those sweet, sweet gains again. 😱
This crypto venture, it seems, has stirred the cauldron of concern within the hallowed halls of the Senate Banking Committee. On the fateful day of March28, they penned a missive, summoning the likes of Michelle Bowman from the Federal Reserve and Rodney Hood, the stalwart of the Office of the Comptroller of the Currency, to unfurl their grand plans for reigning in the WLFI and its mystical stablecoin. 🧐