EddieJayonCrypto
11 Apr 24
1. Grayscale Bitcoin Trust (GBTC) Outflows Plummet to $17.5M, Crypto Market Sees Inflows • Grayscale Bitcoin Trust (GBTC) outflows significantly decrease, suggesting a potential shift in investor sentiment. • The broader cryptocurrency market sees net inflows of $123.7 million. • This comes amidst S...
1. Grayscale Bitcoin Trust (GBTC) Outflows Plummet to $17.5M, Crypto Market Sees Inflows • Grayscale Bitcoin Trust (GBTC) outflows significantly decrease, suggesting a potential shift in investor sentiment. • The broader cryptocurrency market sees net inflows of $123.7 million. • This comes amidst SEC approvals for new Bitcoin ETFs, increasing competition for Grayscale.2. FBI Subpoenas Bitcoin Developers' Data Following Theft of $3.6M in BTC in 2022 • The FBI investigates the theft of Bitcoin developer Luke Dashjr's Bitcoins. • A subpoena demands information on attendees of a Bitcoin developer conference. • This highlights the challenges of securing digital assets against cyber threats.3. Coinbase CEO and Industry Back Uniswap in SEC Clash • The crypto industry rallies behind Uniswap after a potential SEC enforcement action. • Industry leaders criticize the SEC's approach and call for clear regulations. • Uniswap maintains its position as the leading DEX despite a price drop in its token (UNI).4. Global Oversight Needed for Stablecoins, BIS Report Warns • The Bank for International Settlements (BIS) urges global regulation for stablecoins. • Regulatory fragmentation hinders widespread adoption and innovation. • The report highlights the need for a unified framework with collaboration from stakeholders.5. Marginfi's Withdrawal Frenzy Sparks Solana DeFi Turmoil • CEO resignation and user withdrawals create turmoil for Solana DeFi platform Marginfi. • The incident reflects internal struggles and intensifies competition within the ecosystem. • Broader conflicts within the Solana network raise concerns about user experience.6. HashKey Receives Upgraded License in Hong Kong, Expanding Retail Crypto Services • HashKey, a cryptocurrency exchange, has secured an upgraded license from Hong Kong authorities. • This new license allows HashKey to offer a wider range of services to retail investors in the region. • The specific details of the expanded services are not mentioned in the summary, but it suggests HashKey can now cater to a broader audience in Hong Kong's growing crypto market.~Get the book!Crytpo Foundations for Building Multi-Generational Wealthhttps://www.amazon.com/Crypto-Foundations-Building-Multi-Generational-Wealth/dp/1733097422Join this channel to get access to perks:https://www.youtube.com/channel/UC3tSBR3SIcHPE-Rpy1Ek3Rw/joinJoin Grow My Bag social media:https://growmybag.tv/sign-up🚨 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 Grow My Bag. Grow My Bag 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.