EddieJayonCrypto
13 Dec 22
• Judge Oks buyout of GK8 assets by Galaxy Digital• Apple is about to allow the installation of iOS apps from external sources• Charges being considered for Binance and CZ himself seem to be around money laundering• Silvergate has exposure to FTX and customers cause a 13% drop in the bank's stock• S...
• Judge Oks buyout of GK8 assets by Galaxy Digital• Apple is about to allow the installation of iOS apps from external sources• Charges being considered for Binance and CZ himself seem to be around money laundering• Silvergate has exposure to FTX and customers cause a 13% drop in the bank's stock• SBF/FTX bought 7.6% of Robinhood and it could be the next to get hit• Don't sleep on Hester Peirce who says there has been no movement around crypto regulation by the SEC since she joined in 2018Stop letting them distract you with the shiny things! Here is what's on my mind today.1. A few days ago I told you about Galaxy Digital vying to purchase GK8 from the bankruptcy auction for Celsius Network. Well today a judge has ruled the deal can go through. This is a boon for Mike Novogratz. 2. Apple is about to allow the installation of iOS apps from external sources as a result of impending EU regulations. The walled garden is losing it walls! This going be a really big deal as far as crypto since this could be the first step in dismantling Apple's 30% tax. 3. The charges being considered for Binance and CZ himself seem to be around money laundering. Interesting since traditional banks only faces fines. I have not heard of other CEOs facing charges on a personal level. It will be interesting to see that play out. Customer withdrawals from the exchange have topped close to $4B in just 24 hours. 4. Silvergate has exposure to FTX and as more customers find out the bank is losing value in its stock. 13% in just 24 hours. Mind you, the bank is solvent, especially after decreasing its exposure from digital assets by $10B. 5. I told you months ago that SBF/FTX bought 7.6% of Robinhood. That exposure can hurt the company and in a major way. This is going to require serious monitoring by anyone using the platform. 6. Don't sleep on Hester Peirce. She says she has little movement on crypto regulation by the SEC.