Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca. Ondo’s announcement suggested that more companies could soon join the alliance. Read more
Bitcoin order book liquidity spoofing is back as analysis says that a key BTC price event is still "brewing." Can bulls protect $104,000? Key points: BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000. Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers. Read more
Michael Saylor turned a software company into a Bitcoin powerhouse by converting corporate reserves into digital gold. Saylor’s thinking was driven by a deep concern about the future of fiat currency. When Michael Saylor, then CEO of Strategy, announced in August 2020 that his business intelligence firm was adopting Bitcoin (BTC) as its primary treasury reserve asset, many saw it as a radical (even reckless) decision. Read more
As the EU’s MiCA regulation and the UK’s evolving crypto laws diverge, fund managers face a key choice: to opt for the EU’s legal certainty and passporting or the UK’s flexible, innovation-driven approach. Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks Digital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged. On one side is the European Union’s Markets in Crypto-Assets (MiCA), which offers precise regulation for all 27 member countries. On the other side is the UK which, after Brexit, still has no common regulation such as MiCA. Read more
BitMEX co-founder and Bitcoin billionaire Arthur Hayes loves making daring Bitcoin predictions, but doesn’t sweat when he gets them wrong. BitMEX co-founder and Bitcoin billionaire Arthur Hayes is known for making big, bold and sometimes controversial Bitcoin price predictions, and says it doesnt faze him when he gets it wrong. Nothing really happens, Hayes tells Magazine, who asked if he worries about backlash when his Bitcoin predictions fall flat. The youngest African-American crypto billionaire in history is the first to admit that most of his price calls dont land. I get it wrong, and Ive gotten most of them wrong, he laughs. Read more