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Collective Shift

Payments Giant Stripe Reopens Crypto Payments & Why Prices Are Sliding

May 01, 2024 Collective Shift
Payments Giant Stripe Reopens Crypto Payments & Why Prices Are Sliding
Collective Shift
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Collective Shift
Payments Giant Stripe Reopens Crypto Payments & Why Prices Are Sliding
May 01, 2024
Collective Shift

Join Matt and Nick as they break down the busy week ahead in the macro economy; Stripe’s return to crypto payments; Morgan Stanley bitcoin ETF rumours; altcoin updates; and more.

Key Takeaways 

  • The crypto market continues to slide, with ETH a notable outperformer among the majors.
  • This week’s policy update from the U.S. Federal Reserve will likely impact investor sentiment. Other macro factors to monitor are the U.S. Treasury’s refinancing announcement and the weakening Japanese yen.
  • Major payment company Stripe announced it will once again support crypto payments. Support will initially be for the USDC stablecoin.
  • Morgan Stanley is reportedly preparing to allow its 15,000 brokers to recommend that customers buy spot bitcoin ETFs on an unsolicited basis. Accessibility to these ETFs should only expand as the year continues and should increase demand for BTC.
  • Among the altcoin updates covered: Hedera and BlackRock confusion; Jupiter Mobile Initiative; and Stacks rolling out long-awaited ‘Nakamoto’ upgrade.
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Show Notes

Join Matt and Nick as they break down the busy week ahead in the macro economy; Stripe’s return to crypto payments; Morgan Stanley bitcoin ETF rumours; altcoin updates; and more.

Key Takeaways 

  • The crypto market continues to slide, with ETH a notable outperformer among the majors.
  • This week’s policy update from the U.S. Federal Reserve will likely impact investor sentiment. Other macro factors to monitor are the U.S. Treasury’s refinancing announcement and the weakening Japanese yen.
  • Major payment company Stripe announced it will once again support crypto payments. Support will initially be for the USDC stablecoin.
  • Morgan Stanley is reportedly preparing to allow its 15,000 brokers to recommend that customers buy spot bitcoin ETFs on an unsolicited basis. Accessibility to these ETFs should only expand as the year continues and should increase demand for BTC.
  • Among the altcoin updates covered: Hedera and BlackRock confusion; Jupiter Mobile Initiative; and Stacks rolling out long-awaited ‘Nakamoto’ upgrade.