EddieJayonCrypto
5 Mar 23
• Mixed economic data is confounding traditional markets and the Silvergate fiasco is expected to play out for a bit• Coinbase integrates Chainlink and acquires One River Digital Asset Management, which is a big deal for institutional and retail investors• Binance might back out of the Voyager deal ...
• Mixed economic data is confounding traditional markets and the Silvergate fiasco is expected to play out for a bit• Coinbase integrates Chainlink and acquires One River Digital Asset Management, which is a big deal for institutional and retail investors• Binance might back out of the Voyager deal due to SEC pressure• Apple is delaying the launch of the new Uniswap wallet, which might prompt companies to start with Android instead• Tether is facing allegations of using fake documents and shell companies to open bank accounts, which could have an impact on the Cryptoverse, but big players are flocking to USDC (Circle)There is much to look forward to this coming week, but there is a huge mixed bag of crap that is going to confuse us all. Here is what is on my mind this week.1. Let's face the truth, there was a hodgepodge of news that hit in the past week that shook the Cryptoverse. You have the mixed bag of economic data that is completely confounding the traditional markets. Then you have the whole Silvergate fiasco and the reach that will have. I am expecting that to play out for a bit. However, I do not think it is going to have that much of an effect as other events have. 2. Coinbase integrates Chainlink, snatches up One River Digital Asset Management. This is a very big deal for institutional and retail investors. 3. Is it possible that Binance backs out of Voyager deal? Yes, it is, especially since there has been some heat coming from the SEC over it. 4. It also sounds like Apple is getting in the way of the new Uniswap wallet launch. Apparently, Apple has not yet told Uniswap why there is a delay in releasing the app. There's a lot to say about this situation given Apple has a pretty tight hold on their currently still walled garden. Reality has to settle in at some point that Apple is only big in the US. Around the rest of the world they are second. What they bring to the table is a garden of people that do not mind spending money. Still, I think there will come a point where companies will make the sacrifice and start with Android. 5. Now we have big problems with Tether. It is alleged that Tether used fake documents to open bank accounts. The Wall Street Journal is reporting the use of fake documents and shell companies were leveraged to open bank accounts for the company behind USDT. This one, if proven true, can absolutely rock the Cryptoverse. Although, the effect could be blunted since there have been many calls for people to get out of USDT. This one is going to have some reach, but I am thinking none of the big players are worried about it since they are all flocking to USDC (Circle).