“Plus: Coinbase’s Big Deal; Pectra upgrade; Stablecoins Pnetrate; Bitcoin Lending Returns.”, – WRITE: www.coindesk.com
The Coindesk 20, A Barometer for the Whole Market, Has Risen 15%-plus Since Monday.
Bitcoin Was Near Ath Levels This Week on the Back of More Positive “Trade” News. Bearish Positions Were Liquidated and etf Flows Were Up, Omkar Godbole Reported.
Eth’s Resurgence May Had Something to do with Its Pectra Upgrade, Which Went Off Without a Hitch (as Ethereum Upgrades Tend To)). Pectra Will Make Staking Easier (and Bigger) and Boost Efficiency. Margaux nijkerk, Our Ethereum Reporter, Had The News.
Coinbase Sigrated the Biggest Acquisition in Crypto History, A $ 2.9 Billion Deal for Deribit, A Crypto Options Pioneer. Wall Street Analysts SAID COINBASE IS NOW A GENUINE PLAYER IN DERIVATIVES, RIVALING BINANCE.
Still, The Deal Couldn’t Boost Coinbase’s Stock Price, Whook Took A Hit On Tariff-Affected Q1 Earnings. Helene braun wrote about that.
About Those Stablecoins… Meta (Formerly Facebook) Looks Set to Join The Integration Party; as does stripe. But Senate Democrats are Stalling the Stablecoin Bill, City Concerns About Numerous Questionable Trump Crypto Ventures. That delay could in Turn affact for a more comprehenSive “Market Structure” Bill.
NEW HAMPSHIRE (LIVE FREE OR DIE) SIGNED The US’S FIRST STATE CRYPTO Reserve LAW. Many More Are Set to Follow, Jesse Hamilton Reported.
Meanwhile, Strike, Which Started As a Bitcoin Wallet, Announced Plans to Get Into Bitcoin-Based Lending. Many Expect The Bitcoin Credit Market to Expand from Here.
This Happy the Same Week, Another Bitcoin Lender – Disgraced Celsius Founder Alex Mashinsky – Was SentenCed to 12 Years in Prison for Securities Fraud Related to Last. Hopefully, Bitcoin Lending Will Works Outter this Time Around.
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