2023-09-13

🤐 US Worst for Crypto? CEO Reveals!

September 13, 2023

Howdy Folks,So, the iPhone 15 launched yesterday....

Ok...let's go!

 Apple's Satoshi Shock
🔫 Ripple's Firing Shots
🀄 Binance's Regulatory Domino Effect

💸 Apple's Latest iPhone: Paying with Sats!

Step aside, green bills! Apple has "shaken" up the tech scene with the launch of its iPhone 15.

Recalling the days of yore, the iPhone 4s in 2011 held a jaw-dropping price tag of 162 BTC.Imagine that?But as time tick-tocked, and Bitcoin grew more familiar, those BTC tags on iPhones have shrunken, making you feel like you’re reading a cryptic discount season!Yeah...but you're not though, are you...?🤦The iPhone 5 danced in at 53 BTC, the 6 waltzed down to 1.7 BTC, while its sequel, the 6s, played hard to get at 2.8 BTC.The iPhone 15 will "only" set you back 0.031 BTC 💸

Today's Bitcoiners, dust off your digital wallets! It’s like trading a couple of cows for magic beans – but will the iPhone 15's BTC price plant a beanstalk to the crypto clouds or remain grounded? Yeah, you're right...this is an irrelevant correlation! 🤭

🫤 Ripple CEO Urges US to Reevaluate Crypto Policies

Imagine being a kid with the coolest new toy, but the playground monitor keeps you away from the sandbox.

That's how Brad Garlinghouse, Ripple's CEO, feels about launching crypto startups in the U.S. Speaking at the Token 2049 event in Singapore yesterday, Garlinghouse cited nations like Singapore, the U.K., the UAE, and Switzerland as stars in the crypto sky.Why? They've embraced policies that are not just smart but are fostering innovation while ensuring consumers stay snug as a bug in a rug. 🐛"Those who look forward, win...those who cling to the old...don't"- Paul Fulbrook (me 🤣)

In contrast, the U.S., as per the Ripple head honcho, is in a playground scuffle with crypto innovators, particularly the Securities and Exchange Commission (SEC).However, he cites Ripple and Grayscale's recent court victories as indicators that the wind might be changing direction.

As for Ripple, despite the U.S. market's size, they're scouting friendlier terrains that better appreciate the dazzling wonders of blockchain.Shooting shots...Gary, I hope you're wearing Kevlar! 👙As OKX president Hong Fang wisely noted, in this grand game, focus on what's within your grip: build, innovate, and champion responsible rules.

♻️ Binance US Faces Leadership and Staffing Upheavals

It’s like a game of musical chairs, only the chairs are top executive positions and, as the music stops, fewer remain.

The latest to exit the circle is Brian Shroder, Binance.US's Chief Executive Officer, who's stepping down from his role, and this swap-out happens as the platform cuts around a third of its crew.Why the chop? Blame it on the regulatory weather forecast that's looking stormier by the day.Clouds ahoy!! ☁️

You see, Binance.US, a 2019 baby created especially for US users, is witnessing its second round of job cuts this year, and the situation is far from rosy.Legal hiccups abound, with accusations from the SEC in June and charges from the CFTC in March. Adding to the fray, the Justice Department is doing its own detective work on Binance, although no accusations have been made (yet).

The result? A grim scene where Binance.US users can't move their dollars around, thanks to their banking pals jumping ship.This gloomy outlook doesn't sit well with Binance.US. They highlight a "seven-year financial runway" and lay the blame squarely on the SEC's shoulders, pointing out the real-world consequences of their actions.Children...please! 🥱