EddieJayonCrypto
8 Nov 23
There are some big deals going on around the world that are pointing to more adoption than people may think. Here is what is on my mind today.1. I did not realize there as such a demand to know when stablecoins were depegging. There must be since Moody's has built an AI service to do just that. Ther...
There are some big deals going on around the world that are pointing to more adoption than people may think. Here is what is on my mind today.1. I did not realize there as such a demand to know when stablecoins were depegging. There must be since Moody's has built an AI service to do just that. There certain advantages to doing this since you can make a pretty penny playing that in and out game. The percentage may not be high, but the return can be enough to offset other things. Frankly, it will be interesting to see who buys into that service. 2. Binance is back in the news, but this time it is for a good reason. They are rolling out their first-ever self-custody Web3 wallet. This is huge and, frankly, I am wondering why it took so long for them to roll it out. Coinbase has had theirs for years now and I am sure they have been making money from it since they made it easy for you to push and pull your assets with their trading platform. So it is a smart play to get those with the desire to manage their own keys while still providing custodial services to others. 3. Way back in March I told you about how Mitsubishi UFJ was working on their own stablecoin affiliate, Progmat. Well, today, the major play in Japanese banking has announced they are taking things to the next level by working with ADX to introduce stablecoins to Japan. Apparently, they also want to partner with other exchanges around the world to do the same. 4. I just read an article in CoinGape saying, Coatue Management, one of their investors and a tech-focused investment firm, has dropped OpenSea's valuation by 90%. This is not a shocker given the major faux pas the company has made that has clearly led to other NFT marketplaces seeing increased activity. 5. Ripple is on a global tear! They have cleverly inserted themselves into a major player in the remittance space between Africa, United Kingdom and Australia. This is huge as trade between the countries intensifies. More importantly, this is a clear sign that Ripple is becoming a part of the connective tissue for big finance. It is not wonder the rumors are growing about an IPO in the near future for the company. Buckle up! 6. Rumors are intensifying about Circle's impending IPO, the USDC and EURC stablecoin issuer. People are beginning to say it could happen in Q1 2024. imagine having Ripple and Circle go IPO around the same time. That would also be around when the Bitcoin halving even occurs. I think the market would just go bonkers. 7. Robinhood is set to expend crypto trading into the EU as it plans to start a UK-based brokerage. The official statement from the company says they are going to have an experienced team in the new brokerage and says it is just another step in their global expansion plans. When you think about it you realize they have to do this if they are to remain relevant in the conversation. Look at all of the other US-based players making global moves. It is definitely game on! Sponsors:🌎 https://RebelReach.com - Robust hosting and marketing services!🌎 https://RebelVino.com - All things food and beverage!🌎 https://RebelVisions.com - Helping companies achieve more through operational excellence and disciplined project execution!🔥 Smash the likes and SUBSCRIBE for more great videos! https://youtube.com/c/EddieJayonCrypto?sub_confirmation=1🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.