Looking for a quick crypto fix? Well, look no further! Dive right in to grab the juiciest tidbits on Bitcoin’s ever-dancing price, those fancy-schmancy NFTs, DeFi drama, the wonders of Web3, and what Uncle Sam’s doing with crypto rules.
So, here’s the scoop: The bigwigs over at the U.S. Securities and Exchange Commission (that’s the SEC to you and me) are playing the waiting game with the ARK 21Shares Bitcoin ETF application. No big shocker there. On the flip side, Worldcoin’s doing a little jig, letting even Joe Schmo reserve their WLD tokens for a whole year without batting an eye. And hold onto your hats, folks! Gemini just hopped back on the XRP bandwagon, tagging along after that sizzling July verdict in the Ripple vs. SEC showdown.
SEC Plays Hard to Get with ARK Bitcoin ETF
Yup, you guessed it! The SEC’s doing their classic “Let’s make ’em wait” routine on ARK Investment’s Bitcoin ETF pitch. Their August memo kicked off a chatty 21-day gossip fest for this Bitcoin ETF application, which, mind you, has been gathering dust since May. The clock’s ticking, and they’ve got till January 2024 to give a thumbs up or down.
Today on @BloombergTV's ETF IQ @CathieDWood agreed with our assessment (below) that if spot #Bitcoin ETFs are approved by the SEC, it will be multiple at the same time and not just one. https://t.co/oNOeqs4HDL pic.twitter.com/K18qFNOtQL
— James Seyffart (@JSeyff) August 7, 2023
Their reason? Same ol’, same ol’. They went all, “Who said Bitcoin’s spot market needs rules for us to say yes?” Yawn. Anywho, the ever-spunky Cathie Wood of ARK Investment had a little birdie tell her the SEC might just green-light a bunch of these Bitcoin ETFs. Only time will tell!
Worldcoin’s Eye-Popping Offer
Talk about futuristic! Worldcoin’s zippy new project now lets anyone (and I mean ANYONE) nab those snazzy WLD tokens worth $1.76. Here’s the deal: you let ’em take a peek at your eyes, literally, and bam! You get tokens. Think of it as a space-age loyalty card.
Wow. Current price of $XRP on @Gemini. Is this a glitch? pic.twitter.com/Nbzro1ahlW
— Yassin Mobarak 🪝 (@Dizer_YM) August 11, 2023
Gemini’s XRP Rollercoaster
Hold the phone! XRP had a wild ride on Gemini recently. After making its grand return on the exchange, some folks caught sight of some wacky XRP prices – we’re talking shooting up to a whopping 50 bucks! Say what now? Most are calling it a glitch, but a few Sherlock-types think it might be due to slim pickings in the order book. After all, it just made its comeback.
And just so we’re clear, this whole shebang started when Judge Torres gave XRP a free pass, saying it’s no security when it’s up for grabs on exchanges.
Phew! That’s a wrap for today. Till next time, crypto buddies!