ALPHA:
A tremendous resource has come out of the crypto bear market that details all of the many use cases and improvements provided by blockchain technology and cryptocurrency.
MARKET:
The crypto bear market appears to be over after an insane amount of regulatory crackdown on major US crypo exchanges (Coinbase and Binance), Tether USDT depegging from $1, and an all out assault by the government and SEC.
Five new spot Bitcoin ETF applications were delivered this week, starting with BlackRock’s, the largest asset manager in the world (>$7trillion). Clearly there are powers that be who have given crypto approval the green light since BlackRock has a winning track record and employs many former SEC lawyers.
This has started a $BTC buying frenzy. Bitcoin has risen 22% from the bottom and is back to $30,000. Altcoins are now getting a bid as well.
Nice:
NEWS:
The government starting to change their tune on cryptocurrency:
Major news from the institutional investment world as BlackRock applies for a Bitcoin Trust using Coinbase as the custodian:
Good thread around the implications:
Fidelity files for a ETF too?
Invesco files spot BTC EF too:
WisdomTree files for spot BTC ETF:
Valkyrie files for spot BTC ETF $BRRR:
Finally, Bitwise applies for spot BTC ETF:
TradFi launches crypto exchange:
Do Kwon sentenced to jail for passport fraud:
Abra under fire:
REGULATORY:
Binance feeling more pressure in Europe:
RUGS:
POD O’ THE WEEK:
Bitcoin ETF Bonanza:
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None of this is financial advice