The team discuss the biggest news of the week, the fake bitcoin ETF rally. They also discuss the SEC vs ripple case & how the NYAG is suing DCG.
Key Takeaways
- BTC soared to $30,800 for the first time since July, and BTC dominance hit its highest level (52.7%) in 2.5 years.
- The CEO of BlackRock, the world’s largest asset manager, referred to crypto as a “flight to quality” in a TV interview. Having such an influential voice advocate for crypto is a big win.
- Fake news about a spot ETF approval caused BTC to surge before fully retracing. The price action arguably signaled that the market had not yet priced in an approval.
- Reddit dropped its blockchain-based community points system, citing regulatory concerns. Not a good look as far as blockchain adoption is concerned.
- Users who followed Matt’s post about the TIA airdrop got x3 as much as intended.