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Between questionable email campaigns and crypto influencers touting the stock, there is now strong evidence that the stock isn’t rising for the right reasons.
This influx of liquidity is particularly needed in the crypto space after trading firms like Jane Street and Jump scaled back their crypto operations.
The SEC has taken one of their biggest shots yet, suing dominant crypto exchanges Binance and Coinbase on back-to-back days. But, although the suits were similar, the situations are completely different.
Crypto is now mainstream enough that it is a serious talking point in Presidential elections.
It’s a stunning shift for an investment outlet that made their name in crypto, but it’s not as surprising when you zoom out and take a look at the overall funding atmosphere
When you account for all factors, it becomes clear that AI is not going to be the death of crypto, but a potential catalyst for the next bull run.
It’s not hard to see why so many people are attracted to tokenized RWAs: it solves issues existing in both crypto and traditional finance.
The use of “commingling” and “customer funds” in the same sentence sends shivers down the spine of anybody who had money in FTX.
It appears the tide is turning with Apple after making two major crypto App Store moves in the last week.
Overall, it’s fun and refreshing to see a government agency that isn’t trying to rip crypto’s eyes out.
