Big Week For Crypto! 📰 News Recap
This was a very big week for crypto and the tomorrow we may see the biggest news of all
Hey Thinkers 💡
What an incredible week it was for the crypto market. Here is a recap of the top news:
Ethereum ETFs went live and achieved billions in trading volume. This is a significant win for Ethereum and the altcoin market. We need to give it some time to see how the inflows develop, but overall, it was a successful launch.
Kamala Harris’s team has been reaching out to various individuals to learn about crypto. Mark Cuban confirmed they contacted him, and he sees it as a positive sign. However, Harris declined the opportunity to speak at the Bitcoin conference in Nashville. The jury is still out on what her crypto policy stance will be.
Reports came out that Senator Cynthia Lummis will be introducing a bill proposing that the US add Bitcoin as a Treasury Reserve asset. She plans to announce this tomorrow at the Bitcoin conference in Nashville. Donald Trump is also expected to announce his plans to do this if he becomes president.
Bitcoin adoption is growing!
The state of Michigan added Bitcoin ETFs to its pension fund, disclosing a $6.6 million purchase. They purchased the ARK Bitcoin ETF.
Jersey City Mayor Steven Fulop said the municipal pension fund is investing in Bitcoin ETFs as an “inflation hedge.”
Elizabeth Warren’s anti-crypto army took a huge loss. Senator Roger Marshall dropped his support for the crypto ban bill, which the industry has been fighting against. This is a big win for the crypto industry.
Coinbase Asset Management is creating a tokenized money-market fund, according to four people familiar with the plan. Tokenization of real-world assets is a hot corner of crypto. BlackRock's tokenized U.S. Treasuries fund quickly grabbed $500 million of assets this year.
$920 Billion asset manager Hamilton Lane launched a private credit fund on the Solana blockchain.
Hashdex has filed an S-1 for their Crypto Index ETF. It will start with just Bitcoin and Ethereum but can add other assets if and when approved by the SEC.
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📈Crypto Market Metrics
Here are some key data points from Santiment
Top 10 Coins Trending via Social Media
Developer Activity
The top 10 coins with the most developer activity over the past 30 days.
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📺 Recent Interviews
Congressman Ro Khanna discusses his pro-crypto initiatives and how Democrats are embracing crypto.
Cody Carbone of the Digital Chamber joined me to discuss the latest crypto regulation news.
Markus Infanger, SVP of RippleX, joined me to discuss Ripple’s upcoming stablecoin RLUSD.
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📖 ReThinking Crypto Book
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-Tony