Plus: SBF’s wealth bought worn out quicker than you possibly can say FTX
GM. Ever really feel like crypto information is only a big fruit salad – messy and complicated? Don’t fret, 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 bushes 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 surprising patch of ice – sudden, brutal, and unavoidable:
🤕 LIBRA merchants took a beating
LIBRA token holders bought wrecked – 86% misplaced over $1K, including as much as a brutal $251M in whole. Whereas a fortunate few pocketed $180M in whole, the remainder weren’t so lucky. Dave Portnoy took the largest hit, shedding $6.3M… however not less than he bought $5M again. Should be good.
🛩️ SBF is grounded, broke, and out of crypto
The US simply snatched $1 billion value 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 mentioned goodbye to Bitcoin, Ethereum, Dogecoin, and different digital property that had been chilling in his accounts.
🚀 ASPIRe to encourage? Hong Kong’s bought huge crypto plans
Hong Kong’s SFC is launching ASPIRe, a contemporary plan to make crypto markets safer and extra accessible. The main focus? Defending traders, 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, presumably even reducing offers as an alternative of dragging issues out – yep, that features Ripple. Courts are placing instances like Coinbase and Binance on maintain, and the SEC is quietly transferring its prime crypto legal professionals elsewhere. Possibly they discovered a brand new interest?
Extra on these + different tales right here.
Now you are within the know. However take into consideration your folks – they in all probability don’t know. I ponder who may repair that… 😃🫵
Unfold the phrase and be the hero you already know you might be!
