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Happy Tuesday Folks! Bitcoin is trading up at $28,425.80. Not much going on this morning but I will continue to update this throughout the day so check back later.
SUMMARY
Yesterday, Bitcoin unleashed thrilling short squeeze with epic 3.8% spike with bullish call of ‘$15T asset.’ Today, Bitcoin is above $28K and California ‘BitLicense’ Bill is being signed.(2) Bitcoin dominance soars to bear market high of 51%. Whistleblower Edward Snowden issues warning, says spot Bitcoin ETF a form of subjugation by TradFi. Clients across the globe are talking about “the need for crypto,” said Larry Fink, CEO of asset management giant BlackRock (BLK). Bitcoin holds onto momentum after 'dress rehearsal' for possible spot ETF approval.
ProShares is gearing up to introduce a unique offering to the market. The firm recently launched three Ethereum futures ETFs and is now preparing to debut the ProShares Short Ether Strategy ETF (SETH). Ripple job posting hints at possible IPO, XRP community says.
U.S. Federal Reserve Governor Michelle Bowman is uncertain if the U.S. needs to get into the central bank digital currency (CBDC) business.
Coinbase suspends 80 non-USD trading pairs to improve liquidity.(3)
Pennsylvania lawmaker Democratic Rep. Greg Vitali scraps Crypto Mining ban to advance energy conservation bill. Banks must disclose quantitative and qualitative information on their crypto activities, according to draft guidance published by international standard-setter the Basel Committee on Banking Supervision on Tuesday.
Silk Road hacker James Zhong accidentally showed Feds $70,000,000 worth of Bitcoin on his laptop before being arrested a few years ago. The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK.
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Podcast of the Day: SEC Doesn't Appeal Grayscale Decision: What It Means | The Breakdown
