EddieJayonCrypto
4 May 22
• Coinbase will not be acquiring Brazil's 2TM after all• Binance has been greenlit to operate in France• Elon Musk is constantly trashing Twitter• The crypto market pops on confirmed 50 basis point increase by the US FedSo, the rate hike happened, and the crypto space responded with a major pop. Her...
• Coinbase will not be acquiring Brazil's 2TM after all• Binance has been greenlit to operate in France• Elon Musk is constantly trashing Twitter• The crypto market pops on confirmed 50 basis point increase by the US FedSo, the rate hike happened, and the crypto space responded with a major pop. Here is what is on my mind today.1. A few weeks ago, I told you Coinbase was about to make a major move in Brazil. Well, that is out the window. Coinbase will not be acquiring 2TM. The talks ended abruptly. Thus far nothing about the relationship has been stated by either party. That said, I am sure Coinbase is still looking to expand into Brazil. That said, if I were them, I would be looking at Argentina, too. 2. In another story I told you about France trying to become a major player in the crypto space. Well, it has begun. Binance has been greenlit to operate in France. I suspect the usual players to join them in building adoption in the country. Again, this makes me think about how the United States is not making positive moves and could lose out to its peers. 3. I am trying to understand why Elon Musk is constantly trashing Twitter while he is not supposed to. Today he did it again by mocking Twitter's NFT implementation as well as the fungibility of NFTs at the same time. Yes, he is truly gifted, but I think he is somewhat lacking in interpersonal skills. He has not even purchased the company yet and he is constantly degrading the hard work of others simply because he disagrees with what was done. The utter disrespect is disgusting. 4. The crypto market moved right after the US Fed raised rates by 50 basis points or half a percentage. This was a big deal since it was expected, and the actual move was confirmed. That seemed to be the match that lit the big pop. The question is, will the pop continue or fall off as people take profits. After all, it has been a minute since people have been able to do so in the crypto space. I do not have a lot of confidence considering the Macro events still exist.