EddieJayonCrypto
4 Nov 22
• Goldman Sachs, MSCI and Coin Metrics launch Datonomy to help educate institutional investors on crypto• Yuga Labs says they are using some of the $450M raised in March to hire the best and brightest to help create the new Internet• Fidelity launching free Bitcoin and Ethereum trading for retail in...
• Goldman Sachs, MSCI and Coin Metrics launch Datonomy to help educate institutional investors on crypto• Yuga Labs says they are using some of the $450M raised in March to hire the best and brightest to help create the new Internet• Fidelity launching free Bitcoin and Ethereum trading for retail investors• Binance quietly launches Bluebird Index tracking DOGE, BNB and MASK coins in a big hint of what is to come• Ripple supporters grow to 14 as more pile on against the SEC• DOGE took an over 11% dive because Twitter has told almost 50% of its workforce to go pound the pavement with no notice and faces a class action lawsuit alleging Elon broke employment lawsPolygon busts through $1 in major fashion. Here is what is on my mind today. 1. Goldman Sachs has a new project and it is to standardize crypto data for institutional investors. They have teamed with MSCI, a global index provider and Coin Metrics, a crypto data aggregator. The project, called Datonomy, is meant to help institutional investors learn about the thousands of cryptos out there with current data, trends, etc. It is pretty much what I tell people to do on their own: do your own research. 2. With so many companies announcing massive layoffs, Yuga Labs is telling the world they are hiring the best and brightest to help them build the next Internet, according to the CEO. Remember, back in March they raised $450M. One would expect they are working on something big. I expect to hear more from this company and not just about NFTs. 3. Back on October 20th I told you about Fidelity preparing to launch Bitcoin and Ethereum trading on their platform. I thought it was for institutional investors. I have been corrected. It is for retail investors. This is huge considering they have over $4.5T in assets under management and a good portion of that is retail. Crypto exchanges like Coinbase that can't afford to offer free trading are going to see much more competition from this financial powerhouse. Now you know why FTX and Binance are looking to expand their revenue streams through the purchase of traditional financial firms. 4. Pretty quietly Binance announces a new index consisting of DOGE, BNB and MASK called Bluebird. The index will track the performance of the 3 cryptos. I am sure you already know about BNB and DOGE, but you may not know about Mask. Mask is a protocol that enables users to send encrypted messages over Twitter and Facebook. I think this is a clear sign of what is to come over at Twitter. So it makes sense that Twitter would halt the development of its own wallet. 5. As the number of backers for Ripple increases, including Commissioner Hester Peirce grows, Chairman Gary Gensler does seem to care. The SEC is filing for yet another extension saying they need more time. My question is why do they need more time? They should have had the case built already. If they didn't, then why are they in court? This is going to get messier before it gets resolved. 6. In case you didn't know, DOGE took a dive today due to the massive layoffs announced by Twitter. I think it is a temporary situation and could be a good time for me to increase my DOGE holdings. The over 11% drop seems to be protected by the new $0.11 floor. Almost immediately following the announcement Twitter was hit with a class action lawsuit alleging Elon broke employment laws. 3.7K people were notified they no longer with there. That is about 50% of Twitter's workforce. Of course, more departures/firings are expected.