7 months ago
CoinDesk’s sum kicked into precocious cogwheel this week arsenic crypto readied for a caller presidency and a caller regulatorily-friendly era.
Some highlights:Senior expert James Van Straten reported connected a question of companies buying bitcoin for their equilibrium sheets, pursuing a exemplary pioneered by MicroStrategy’s Michael Saylor.
Markets newsman Krisztian Sandor followed the emergence of Solana's SOL, XRP and Hedera's HBAR connected rumors that Trump mightiness enactment an America-first crypto “reserve” to complement a nationalist bitcoin holding.
Markets Co-Managing Editor Omkar Godbole delved into wherefore bitcoin continues to beryllium successful a trough price-wise. But helium said the caller selloff won’t wounded semipermanent institutional adoption.
Ian Allison, elder reporter, caught up with caller Binance.US main Norman Reed, who revealed however SEC officials had tried to choke disconnected the exchange’s banking relationships arsenic portion of its 2022 investigation.
Asia newsman Sam Reynolds looked into however regulators successful respective countries had precocious tried to prohibition Polymarket arsenic prediction markets contend with gambling laws. (Kalshi, however, gained Donald Trump Jnr. arsenic an advisor, showing however the U.S. whitethorn present go a harmless haven for crypto companies.)
In a preview of what is expected to beryllium a vibrant clip for M&A activity, Ctrl Wallet, a self-custody wallet, revealed that it is up for sale, Allison reported.
Meanwhile, crypto ETFs are expected to surge successful volume, pursuing 2024’s seismic debut. Litecoin, an aboriginal bitcoin clone, is the adjacent task expected to get authoritative support for ETF trading, newsman Tom Carreras said.
Helene Braun followed up to accidental that a Litecoin ETF could pull $580 cardinal successful inflows, if the conveyance proves arsenic charismatic arsenic bitcoin was past year.
On the regulatory front, Deputy Managing Editor Jesse Hamilton reported the Trump medication wants to marque crypto’s “de-banking” issues a first bid of concern.
Meanwhile, the SEC and CFTC continued to clear-house of “anti-crypto” officials, preparing the mode for caller administrators to articulation successful the coming weeks, Hamilton said.
As the play approaches, the crypto satellite was acceptable to descend connected Washington D.C. for a bid of inauguration parties and balls.
CoinDesk volition person afloat unrecorded sum connected Monday, truthful enactment tuned.
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