14 Jun 24
 14 Jun 24
 14 Jun 24

GMB Crypto Overflow S01E29

EddieJayonCrypto

 10 May 24

quick recap

• Binance Fires Whistleblower: Whistleblower fired by Binance after uncovering alleged market manipulation, raising concerns about industry ethics.• US House Targets Crypto Custodians: US House resolution calls for increased scrutiny of crypto custodians, highlighting regulatory focus on custodial p...

• Binance Fires Whistleblower: Whistleblower fired by Binance after uncovering alleged market manipulation, raising concerns about industry ethics.

• US House Targets Crypto Custodians: US House resolution calls for increased scrutiny of crypto custodians, highlighting regulatory focus on custodial practices.

• Gary Gensler Acknowledges SEC Shortcomings: SEC Chair Gensler admits the SEC may need to adapt its approach to regulating cryptocurrency.

• Swiss National Bank Tokenizes Assets: Swiss National Bank's move to tokenize assets demonstrates growing institutional adoption of blockchain technology.

• South Korean Convenience Store Sells Bitcoin Meal Box: South Korean convenience store's sale of Bitcoin meal boxes showcases broader crypto integration in everyday life.

• MoMA Recognizes NFTs as Art History: MoMA's inclusion of NFTs in its collection legitimizes NFTs as a new art form.

• Litecoin Gains Traction for Payments: Increased adoption of Litecoin for payments suggests its potential as a transactional cryptocurrency.

• Crypto Monthly Trading Volume Drops: First drop in monthly trading volume in seven months indicates a potential market correction.

• JPMorgan Optimistic About Robinhood ETF Approval: JPMorgan's positive outlook on Robinhood's ETF application suggests growing support for institutional crypto products.

• Bank of America Advises Holding Before CPI Report: Bank of America recommends holding crypto assets before the CPI report, hinting at potential market volatility based on economic data.

• Ethereum Scam Victim Recovers Stolen Funds: Law enforcement cooperation leads to the recovery of stolen Ethereum funds, highlighting efforts to combat crypto scams.

• WisdomTree Launches Crypto Business: Despite opposition, WisdomTree's launch of a crypto business signifies continued institutional interest.

• SBI Holdings Partners with Chiliz for Japan: SBI Holdings' partnership with Chiliz for the Japanese market reflects the expansion of crypto ventures in Asia.

• Prometheum Offers Compliance Solution: Prometheum's solution aims to streamline compliance for crypto businesses, potentially easing regulatory hurdles.

• Report Casts Doubt on Stablecoin Usage: Report raises questions about the actual use cases of some stablecoins, highlighting potential regulatory scrutiny.

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