EddieJayonCrypto
20 Jun 23
1. Three are huge rumors going around about how Fidelity may be making a play for Grayscale. Some are not really buying into it, but I have some reasons why this could be a real thing. First off, you have BlackRock's move in filing for a spot Bitcoin ETF. If this happens that will be looked at as th...
1. Three are huge rumors going around about how Fidelity may be making a play for Grayscale. Some are not really buying into it, but I have some reasons why this could be a real thing. First off, you have BlackRock's move in filing for a spot Bitcoin ETF. If this happens that will be looked at as the catalyst or it could be the other way around. It really depends on how long Fidelity has been in talks, if it is true. The timing couldn't be better for Fidelity to make such a bold move since the Digital Currency Group (DCG) owns Grayscale and is currently looking to shed some weight in order to pay its debt to Gemini. Given how much they have been scrambling, I think the stories may be true. 2. Ethereum developers are thinking about increasing the number of validators from 32 to 2048. They have been deliberating on the upcoming Deneb upgrade and the various proposals associated with it. One of which is the increase in effective validators. This kind of move would absolutely increase staking TVL and overall participation. 3. I am not sure if people have been paying enough attention to US ally, the UK, making major moves to become even more of a crypto hub. The UK Parliament has been discussing crypto regulatory clarity. Something that has long evaded the United States. Things in the upper chamber seem to be moving toward supporting the adoption of cryptocurrencies in the country. The matter will now return to the House of Commons for considerations received from the House of Lords. 4. If you have any assets on Wyre, it is highly advised that you withdraw your assets given them winding down. The company has been in trouble since the beginning of the year and has come to that sad conclusion. Once a high-flying crypto-payments company, I am sad to see them go. They are citing market conditions and not regulatory uncertainty. 5. A while ago, back in March, I noted that billionaire David Sacks said there are a number of banks that could down. Well, here comes famed author Robert Kiyosaki echoing that sentiment. He thinks there are more banks about to fail and that California-based mortgage lender LoanDepot may be on the ropes. I think this is one of the reasons why the FOMC took a pause. The banking industry may be doing some of their work for them and overreaction on their part could push us into a hard landing instead of a soft one. I bring this to your attention because he has been saying people should load up on Bitcoin because of the turmoil in the banking system. 6. I find it quite interesting that Mastercard files a trademark application to develop crypto and blockchain software. The specifics of the application seem to be undisclosed, for now. That said, I think it is a very big deal considering the company makes a good deal of money from their consulting services. Development of certain products and services around crypto and blockchain makes sense for the viability of the firm in the future. 7. Binance is well on its way to integrating Bitcoin Lightning. According to the latest announcement, the integration will complete soon and allow customers to use the fast and cheap resources for deposits and withdrawals.