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Follow Dat Money | Crypto Projections
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Welcome to Thursday Folks! Yesterday the most covered news was Coinbase pushing Web3 and today it's Silvergate bank is voluntarily shutting down. Let's dive into the rest of the story...
Trending News Topics:
- Silvergate shuts down (8)
- Marathon Terminates Silvergate (5)
- Gemini's relationships with JPMorgan is intact (4)
CRYPTO
Look at the Fundamentals and Expect Volatility, Say Crypto Market Experts. Crypto Options Market Flashes Bitcoin Warning as Silvergate Winds Down Operations. Digital Asset Inflows Will Slow Without On-Ramps Between Fiat and Crypto: Morgan Stanley.
BITCOIN & ETHEREUM
Bitcoin Price Bears Keep Pushing as it hit's 3-week lows, lingers near $21.7K amid ongoign inflation concerns and why drop to $20K is still possible.(3) Bitcoin Falls 0.1% as Higher US Job Figures Fuels Fed Tightening Narrative. Bitcoin price levels to watch as trader says 'lights out' below $21.6K.
Bitcoin bulls’ desire for a trend reversal could be obliterated by this week’s $565M options expiry. Fed signals a sharp rate hike in March due to inflation — Here's how Bitcoin traders can prepare. Bitcoin’s correlation with Nasdaq drops to 1-year low. Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst. Ukraine’s central bank sees both promises and threats in Bitcoin.
Opinion: Price, Not Intrinsic Value, Is the True Measure of Bitcoin’s Success
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate.(5) Hut 8 reports annual revenue decline, increase in mined bitcoins. Miner Hut 8 Sees Revenues Fall Nearly 20%, but Mines 28% More Bitcoin. Bitcoin Miner Reserve Plunges, Bearish Sign For Price?
Musk: Twitter Could Be the Biggest Financial Institution in the World With Bitcoin Adoption. Baseball Fans Can Now Instantly Receive Bitcoin After Perth Heat’s Most Exciting Plays
CFTC Chair Says Ethereum Is a Commodity—Despite Gensler’s ‘Bitcoin Only’ Position. $77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset.
STABLECOINS
BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin.(3)
ALTCOINS
Why is XRP price up today? Cardano Mithril Innovation That Would Improve Speed Gets New Release. Polygon Price Down 27%, but Growing Traction Gives Hope.(2)
EXCHANGES/BANKS
Binance Amasses $18,960,943,364 in Bitcoin and Ethereum Holdings on Behalf of Crypto Traders. Silvergate will liquidate bank, wind down operations; Blow to Crypto?(8) Sygnum Bank sees influx in client inquiries as Silvergate winds down. Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure. Gemini’s banking relationship with JPMorgan ‘remains intact.’(4) Coinbase Says It’s Time To ‘Update the System’, Makes Case for Crypto To Replace Traditional Finance. Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis. Gate.io launching Visa crypto debit card in Europe.(2) Banks with crypto services require new Anti-Money Laundering capabilities.
LEGISLATION/REGULATION
New Draft of Crypto Bill Announces by U.S. Senator Kirsten Gillibrand; April. FCA officials tell UK parliamentary committee crypto regulation is unavoidable and FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO. CFTC Re-Asserts That Stablecoins Remain Under Its Jurisdiction and continues to explore digital asset policy considerations in MRAC meeting.(3) Senegal rejects the CFA and is warming to Bitcoin: video. Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog.(3) India's Crypto Regulation Now Has Teeth, Experts Say.
Opinion: The SEC's Custody Rule Would Be a Net Positive for Crypto.
LEGAL CASES
Celsius & Voyager
Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says. Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC. Judge signs off on Voyager agreement to reserve $445 million after Alameda suit. US Judge Approves $1,300,000,000 Binance.US Deal With Voyager After Dismissing SEC Objections.(2)
Grayscale
Grayscale's Sonnenshein left 'encouraged' after hearing in SEC case. Grayscale CEO reveals why the SEC keeps postponing Bitcoin spot ETFs. Grayscale Chief Legal Officer Craig Salm: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers.
FTX
FTX Debtors Launch Lawsuit Against Grayscale, Says Crypto Titan Charged $1,300,000,000 in Exorbitant Fees. FTX Proposes $4M Bonus Program as It Seeks to Retain Staff. FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm. Judge refuses to consolidate class-action lawsuits against FTX. SBF’s lawyers signal need to push back October criminal trial.(2) Alameda Research to sell interest in Sequoia Capital to Abu Dhabi for $45M.(2)
Ripple
XRP Lawsuit: SEC Will Lose at Summary Judgement Due to Its Case Theory, Says Pro-Ripple Lawyer. Expert Shares Key Takeaways from Judge's Ruling on Testimony Admissibility.
Mt. Gox
Mt. Gox registration and repayment deadlines pushed back again.(2) Mt. Gox Bitcoin Whale Fund Plans to HODL After Choosing September Payout.
ATTACKS/HACKS/SCAMS
AirBit Club Execs Plead Guilty to $100M Cryptocurrency ‘Ponzi’ Fraud.
WATCH
LISTEN
Podcast of the Day: Circle CEO Jeremy Allaire on US Crypto Regulation | Bloomberg Crypto
Other Podcast
- Worst Case Scenario For Markets With Michael Gayed | TWOAS
- SLP464 Can Free Private Cities Make the World Dramatically Richer? with Erick Brimen CEO of Prospera | Stephan Livera Podcast
- What Does Bitcoin Actually Fix with George Kaloudis | What Bitcoin Did
- Read_708 - Implications of Open Monetary & Information Networks, Part 2 [Lyn Alden] | Bitcoin Audible
- Grayscale CEO breaks down his firm’s legal strategy against the SEC | The Scoop
- Mar 8: Judges Skeptical About SEC’s Bitcoin ETF Denial Reasoning | gm
- Rob Hamilton (AnchorWatch) on Ordinals and Miniscript | On The Brink
- #401: Inflation Hitting The Real Estate Market and Bitcoin Urbanism with Kelly Lannan | TFTC
- Bitcoin and the Benefits of Walking and Sunlight with Steven Lubka and How to Earn Sats while Walking with Daniel from sMiles App - March 8th, 2023 | The Cafe Bitcoin Podcast
- Giddy - Building the new Financial Frontier | The Crypto Conversation
- Fed’s Powell Brings the Dog and Pony Show to DC for the Semiannual Monetary Policy Review | The Breakdown
