Gotta love the banter in this space. #Faketoshi’s ludicrous claims triggered a surprisingly unified reaction led by CZ delisting BSV from Binance, subsequently followed by Kraken, Shapeshift and plenty more. Hats off to @PeterMcCormack although to be fair, it was Calvin Ayre that instigated Comedy Central. More evidence also surfacing to prove his point. Out with the scams already.
Crypto has historically been far from correlated with traditional assets and rightly so given that retail investors make up the bulk of the participants (for now). Given that backdrop BTC dropping -6.8% resembling the pullback in Gold which has since dropped -2.5%. Fed Minutes and Chicago Fed Governor Charles Evans touting a change in course re: interest rate cuts put the breaks on risky assets triggering a flight to safety. One move doesn’t make a trend but considering the pump on April fools ahead of all the positive policy/regulatory announcements… could this be the inflection point where insto’s jump in the Fray? Could be overthinking things but one thing was clear from the testimonies provided by several CEOs in Washington. Jamie Dimon definitely has had a change of heart.
Arca Funds looks to expand the investment options further bridging the gap between crypto and traditional assets as they file to launch a US Treasury fund and offer to investors an “uncertificated registered securities… as ERC-20 compatible tokens on Ethereum.” with the SEC.
- London Stock Exchange Group (LSEG) successfully hosts 3mn GBP raise of tokenized shares
- Binance allegedly delivers +66% QoQ growth for 1Q19 OP W78mn
- National Payments Corporation of India to use blockchain technology for digital transactions
- LedgerX filed for Designated Contract Market (DCM) license to potentially become the first US firm to deliver physically settled bitcoin futures.
- Electrum wallet users targeted by phishing attacks have lost 771 BTC ($4mn) since Dec 2018
May the trend be your friend… Happy Trading!
