Bitcoin's Rough Week
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- 🦅 SEC delays ETH ETF call. The SEC has punted making a call on Fidelity's ETH ETF until March. This comes as JPM gives less than a 50% chance of ETH ETF approval by May.
- 🧑⚖️ SEC versus Binance delayed. Binance's long-awaited trial is starting Monday after a snow-related delay. The DOJ-punished exchange wants the SEC lawsuit tossed.
- 🎣 Manta DDoS'd during token launch. Manta Network was plagued by a DDoS attack as it issued its MANTA token, bringing the network to a crawl.
📊 Dip buyers be damned. The total crypto market cap (TOTAL) has sunk like a stone, erasing a quarter billion dollars in wealth amidst the 14% plunge that has followed the arrival of spot BTC ETFs. Can crypto markets rebound?
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $1.65T | ↗ 1.9% | ↘ 3.5% |
|
BTC $41,905 | ↗ 3.0% | ↘ 4.4% |
|
ETH $2,489 | ↗ 2.6% | ↘ 3.5% |
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It's been a tough week for markets, but Ryan and David talk through the market opportunities they're watching in this latest rollup on the week's biggest stories.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.