Plus: SBF’s wealth acquired worn out quicker than you may say FTX
GM. Ever really feel like crypto information is only a large fruit salad – messy and complicated? Don’t be concerned, we have picked out the tastiest bits and tossed the remainder.
In case you did not know – I am nonetheless on trip. I am really dodging timber on a snowboard proper this second, however I merely couldn’t dodge these crypto headlines.
So, right here’s a speedy replace earlier than I faceplant.
🍍 Market taste right now
🍋 Information drops
Right here’s the information that shook me greater than an sudden patch of ice – sudden, brutal, and unavoidable:
🤕 LIBRA merchants took a beating
LIBRA token holders acquired wrecked – 86% misplaced over $1K, including as much as a brutal $251M in complete. Whereas a fortunate few pocketed $180M in complete, the remainder weren’t so lucky. Dave Portnoy took the most important hit, shedding $6.3M… however not less than he acquired $5M again. Should be good.
🛩️ SBF is grounded, broke, and out of crypto
The US simply snatched $1 billion price of SBF’s wealth: Robinhood shares, crypto, and even his non-public jets… His political donations? Poof, gone again to the federal government. And that crypto stash? He stated goodbye to Bitcoin, Ethereum, Dogecoin, and different digital belongings that have been chilling in his accounts.
🚀 ASPIRe to encourage? Hong Kong’s acquired large crypto plans
Hong Kong’s SFC is launching ASPIRe, a recent plan to make crypto markets safer and extra accessible. The main target? Defending buyers, introducing new crypto merchandise, and laying out crystal-clear entry guidelines. Plus, they need business and regulators to play good – as a result of teamwork makes the dream work.
🏛️ SEC rethinking its crypto battles?
Former SEC lawyer John Reed Stark thinks the company may ease up on its crypto lawsuits, probably even reducing offers as an alternative of dragging issues out – yep, that features Ripple. Courts are placing circumstances like Coinbase and Binance on maintain, and the SEC is quietly transferring its high crypto legal professionals elsewhere. Perhaps they discovered a brand new passion?
Extra on these + different tales right here.
Now you are within the know. However take into consideration your pals – they in all probability don’t know. I’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you already know you might be!
