SINGAPORE (Reuters) - Singapore-based financial technology firm Atome Financial said on Wednesday it had secured a private credit fund managed by asset manager BlackRock and venture debt provider InnoVen Capital in a $80 million private credit facility.

Atome Financial secures BlackRock, InnoVen in $80 million credit facility

In a letter dated Thursday, the coalition said the companies were downplaying the risks associated with China, such as its status as a "designated foreign adversary" of the U.S. or its "apparent intention to invade Taiwan". The letter was particularly scathing toward BlackRock, the biggest ...

Top US asset managers face scrutiny from Republican state AGs over China funds

The iHubs, as the centers are known, are in the country's financial hub Mumbai and in Gurugram, which is near the national capital New Delhi.

BlackRock plans to hire 1,200 people in India ramp-up, Bloomberg News reports

The latest funding is said to help Sokin boost its market share, develop new products, and scale its team.

UK paytech Sokin rakes in $15m from BlackRock

The integrated solution embeds ... in managing and distributing international investments. Launched in 2014, Investment Navigator specialises in digital solutions that ensure regulatory and offering compliance, selling restrictions, and tax suitability across proposals, checkout processes, and trading. Moreover, by incorporating these features, Aladdin Wealth now offers product-level suitability, ...

BlackRock enhances Aladdin Wealth with Investment Navigator integration

BlackRock Chairman and CEO Laurence D. Fink and G42 CEO Peng Xiao discussed US restrictions on semiconductor technology, meeting power demands with natural gas, the role of crypto and the risk of elevated inflation in a conversation with Bloomberg's Francine Lacqua at Bloomberg House in Davos.

Watch Larry Fink and Peng Xiao on Financing AI Infrastructure - Bloomberg

BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.

BlackRock Exits Net Zero Alliance for Asset Managers Amid Wall Street Exodus - Bloomberg

Around the same time, an elephant of the investment industry entered the room: BlackRock. Larry Fink, the firm’s chief executive officer, had once criticized Bitcoin as a tool for global money laundering. But like many others before him in traditional finance, his view shifted and he began ...

BlackRock’s bitcoin fund became ‘greatest launch in ETF history’

BlackRock

blackrock

This is by (source: ). Rohit is a computer scientist and a crypto influencer. Twitter thread Keyur Rohit @CryptoKingKeyur 07-03-2023 🚨 BREAKING: BlackRock #Bitcoin ETF Application REFILED 🔥 They've revealed their 'Surveillance-Sharing' partner Find out who it is 👉👀 A thread 🧵 Nasdaq, the renowned exchange, has just refiled its application to list the highly anticipated BlackRock ETF. #Bitcoin 👉 They've named Coinbase as their "surveillance-sharing" partner! In a bold move to combat market manipulation and ensure investor protection, BlackRock has chosen Coinbase, the leading US-based exchange, to monitor and safeguard their ETF. #crypto #Bitcoin Coinbase, which accounts for a staggering 56% of dollar-to- trading in the US this year, brings unparalleled expertise and trust to this groundbreaking partnership. #bitcoin 4. By partnering with Coinbase, BlackRock is signaling to the world that they are serious about 's future. #Bitcoin This move is set to pave the way for mainstream adoption and open the floodgates for institutional investors. 5. This collaboration has far-reaching implications for the entire industry. #crypto 👉With BlackRock's stamp of approval and Coinbase's impeccable reputation, is destined to soar to new heights! #Bitcoin 6. The SEC's previous rejections are about to be a thing of the past. 👉BlackRock's ETF, in partnership with Coinbase, is a game-changer that will revolutionize the investment landscape! #Bitcoin 7. Get ready for the mass adoption of , as BlackRock and Coinbase join forces to bring institutional investors into the market. #Bitcoin #crypto 8. It's official: BlackRock and Coinbase are disrupting the financial industry, and you can be part of the revolution. 👉Stay tuned for updates on this groundbreaking partnership that will change the landscape forever! #crypto Liked the thread! Don’t forget to retweet the first tweet and follow for more 🔥 The lead image for this article was generated by HackerNoon's via the prompt “Bitcoin.” AI Image Generator

The BlackRock Bitcoin ETF Application Was Refiled: What You Need to Know

Bitcoin is a unique monetary revolution that highlights the importance of decentralization in enabling humans to regain power over the fruits of their labor. Beyond money, decentralization is the key to humans regaining power in all areas. This applies to your data, social networks, etc... All areas are impacted, and decentralization is the key to a future where you have access to total freedom of action and expression. Bitcoin is just the prelude to a wider movement. The problem I and others have been seeing with Bitcoin for several months now is the rise of the financial giants in the Bitcoin world. Behind BlackRock, these financial giants are gradually stealing the very meaning of the Bitcoin revolution. BlackRock has a secret plan to take total control, as I explained a few weeks ago. BlackRock and the other financial giants are in the process of integrating Bitcoin into the current system as a simple SoV, whereas Bitcoin is intended to replace the current system. To do this, you need to think of Bitcoin as an MoE for everyday use. This, too, is the clash of the years to come: Bitcoin as a SoV Vs. Bitcoin as an MoE. While pseudo-Bitcoiners rejoice in everything that's currently happening because their only interest is to make ever more profit in weak money, you also need to open your eyes to another major risk for the future of the Bitcoin system. This risk has only worsened since the approval of Bitcoin Spot ETFs in early 2024. It involves the centralization of Bitcoin ownership within a single entity called Coinbase. Indeed, all the financial giants that have entered the Bitcoin world, except Fidelity, have delegated the management of their private keys to Coinbase. You may think I'm exaggerating to force the point, but when you see the figures, you'll realize the scale of the problem and the risk it poses to the Bitcoin revolution. Coinbase currently holds 11% of the Bitcoin supply! You read that right, it's 11%, or to be more precise 10.83%, since Coinbase currently holds 2.27 million BTC. This affects virtually every industry sector. Coinbase holds 1 million BTC on its platform on behalf of its customers. If you're among those who leave their BTC on a centralized exchange like Coinbase, remember this rule: Not your Keys, Not your Bitcoin. Coinbase Prime Custody, which caters to institutional clients, secures 137,947 BTC, while its broader services manage a further 106,541 BTC through funds and OTC services. ETFs and ETPs hold over 808,000 BTC, and companies such as MicroStrategy and Tesla collectively hold over 99,000 BTC on Coinbase. Miners account for around 17,609 BTC. This data highlights Coinbase's growing influence on BTC custody, raising potential centralization issues. You can see all this in detail on the previous diagram, but here's a short list summarizing the situation: Coinbase CEX: 1,105,318 BTC.
ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others).
Coinbase Prime Custody: 137,947 BTC.
Funds/OTCs:106,541 BTC.
Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC).
Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). What's most worrying here is that this trend is likely to grow in the future, as more and more companies in America decide to buy Bitcoin to replicate the MicroStrategy model that Michael J. Saylor has been following since August 2020. Public companies holding Bitcoins have increased by 40% over the past year, and 52 of them have added BTC to their balance sheets: When you see this list, you realize that the majority of these companies trust Coinbase and don't even make an effort to secure their BTC themselves. This proves that they don't understand the deeper meaning of the Bitcoin revolution or that they have no interest in it. A few days ago, an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months. In practical terms, this means they are targeting Coinbase, where all these Bitcoins are centralized. Now imagine the worst-case scenario - a hack of Coinbase. The entire Bitcoin industry would go into a depression of which you have no idea: All the Bitcoin held in ETFs would be gone.
Much of the Bitcoin held by MicroStrategy would be gone.
Bitcoin held by public companies would be lost.
Bitcoin held by US mining companies would also be lost. Compared to what would befall the industry, the collapse of FTX would be a laughing matter. Worse still, in my view, would be the risk of the end of the Bitcoin revolution. The total loss of confidence this would engender would run the risk of destroying the precious asset that we need to make the Bitcoin revolution flourish. For your part, if you already have the private keys to your Bitcoin, there's not much more you can do, unfortunately. Like me, you'll have to accept this major risk in the hope that the Bitcoin revolution won't be destroyed by the centralization and opacity induced by Coinbase. Bitcoin is a unique monetary revolution that highlights the importance of decentralization in enabling humans to regain power over the fruits of their labor. Beyond money, decentralization is the key to humans regaining power in all areas. This applies to your data, social networks, etc... All areas are impacted, and decentralization is the key to a future where you have access to total freedom of action and expression. Bitcoin is just the prelude to a wider movement. The problem I and others have been seeing with Bitcoin for several months now is the rise of the financial giants in the Bitcoin world. Behind BlackRock, these financial giants are gradually stealing the very meaning of the Bitcoin revolution. BlackRock has a secret plan to take total control , as I explained a few weeks ago. BlackRock has a secret plan to take total control BlackRock has a secret plan to take total control BlackRock and the other financial giants are in the process of integrating Bitcoin into the current system as a simple SoV, whereas Bitcoin is intended to replace the current system. To do this, you need to think of Bitcoin as an MoE for everyday use. This, too, is the clash of the years to come: Bitcoin as a SoV Vs. Bitcoin as an MoE . Bitcoin as a SoV Vs. Bitcoin as an MoE Bitcoin as a SoV Vs. Bitcoin as an MoE While pseudo-Bitcoiners rejoice in everything that's currently happening because their only interest is to make ever more profit in weak money, you also need to open your eyes to another major risk for the future of the Bitcoin system. This risk has only worsened since the approval of Bitcoin Spot ETFs in early 2024. It involves the centralization of Bitcoin ownership within a single entity called Coinbase. Indeed, all the financial giants that have entered the Bitcoin world, except Fidelity, have delegated the management of their private keys to Coinbase. You may think I'm exaggerating to force the point, but when you see the figures, you'll realize the scale of the problem and the risk it poses to the Bitcoin revolution. Coinbase currently holds 11% of the Bitcoin supply! You read that right, it's 11%, or to be more precise 10.83%, since Coinbase currently holds 2.27 million BTC. This affects virtually every industry sector. Coinbase holds 1 million BTC on its platform on behalf of its customers. If you're among those who leave their BTC on a centralized exchange like Coinbase, remember this rule: Not your Keys, Not your Bitcoin . Not your Keys, Not your Bitcoin Not your Keys, Not your Bitcoin Not your Keys, Not your Bitcoin Coinbase Prime Custody, which caters to institutional clients, secures 137,947 BTC, while its broader services manage a further 106,541 BTC through funds and OTC services. ETFs and ETPs hold over 808,000 BTC, and companies such as MicroStrategy and Tesla collectively hold over 99,000 BTC on Coinbase. Miners account for around 17,609 BTC. This data highlights Coinbase's growing influence on BTC custody, raising potential centralization issues. You can see all this in detail on the previous diagram, but here's a short list summarizing the situation: Coinbase CEX: 1,105,318 BTC. ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others). Coinbase Prime Custody: 137,947 BTC. Funds/OTCs:106,541 BTC. Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC). Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). Coinbase CEX: 1,105,318 BTC. ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others). Coinbase Prime Custody: 137,947 BTC. Funds/OTCs:106,541 BTC. Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC). Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). What's most worrying here is that this trend is likely to grow in the future, as more and more companies in America decide to buy Bitcoin to replicate the MicroStrategy model that Michael J. Saylor has been following since August 2020 . the MicroStrategy model that Michael J. Saylor has been following since August 2020 the MicroStrategy model that Michael J. Saylor has been following since August 2020 the MicroStrategy model that Michael J. Saylor has been following since August 2020 Public companies holding Bitcoins have increased by 40% over the past year, and 52 of them have added BTC to their balance sheets: When you see this list, you realize that the majority of these companies trust Coinbase and don't even make an effort to secure their BTC themselves. This proves that they don't understand the deeper meaning of the Bitcoin revolution or that they have no interest in it. A few days ago, an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months . In practical terms, this means they are targeting Coinbase, where all these Bitcoins are centralized. an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months Now imagine the worst-case scenario - a hack of Coinbase. The entire Bitcoin industry would go into a depression of which you have no idea: All the Bitcoin held in ETFs would be gone. Much of the Bitcoin held by MicroStrategy would be gone. Bitcoin held by public companies would be lost. Bitcoin held by US mining companies would also be lost. All the Bitcoin held in ETFs would be gone. Much of the Bitcoin held by MicroStrategy would be gone. Bitcoin held by public companies would be lost. Bitcoin held by US mining companies would also be lost. Compared to what would befall the industry, the collapse of FTX would be a laughing matter. Worse still, in my view, would be the risk of the end of the Bitcoin revolution. The total loss of confidence this would engender would run the risk of destroying the precious asset that we need to make the Bitcoin revolution flourish. For your part, if you already have the private keys to your Bitcoin, there's not much more you can do, unfortunately. Like me, you'll have to accept this major risk in the hope that the Bitcoin revolution won't be destroyed by the centralization and opacity induced by Coinbase.

Bitcoin’s Centralization Threat: How Financial Giants and Coinbase Risk Undermining the Revolution

When institutions larger than the cryptocurrency ecosystem begin to wake up to the potential of crypto, it’s certainly food for thought. Can the ever-evolving world of remain outside of mainstream adoption for much longer? crypto Larry Fink, CEO of BlackRock, the largest asset management firm in the world with around , doesn’t appear to pull any punches when it comes to speaking his mind. $9.4 trillion in AUM In 2017, Fink as an “index of money laundering.” But just three years later, the that assets like Bitcoin had caught his attention. dismissed crypto BlackRock CEO admitted “I do believe the role of crypto is it’s digitizing gold in many ways,” said in a recent interview with Fox Business, while also referring to BTC as an “international asset.” Fink Today, BlackRock is gearing up to launch one of the first Bitcoin ETFs, subject to SEC approval, in what promises to be a flagship moment for the cryptocurrency landscape. The arrival of an exchange-traded fund from the world’s largest asset management firm is about far more than providing more exposure to crypto on Wall Street; it’s an exceptional form of . institutional advocacy Data already shows that institutions are waking up to this latest shot in the arm for crypto acceptance. According to the PwC report, Rebuilding confidence in crypto, some confirmed that they intended to deploy more capital into this asset class by the end of 2023, while 37% claimed that they’re waiting for further market maturity before investing. 46% of surveyed hedge funds Despite a clear swelling of institutional curiosity surrounding cryptocurrencies, risk still remains prevalent for many key players. The path to the aforementioned maturity could be strewn out by repetitive industry shortcomings such as the collapse of major exchange FTX and long-standing issues with liquidity. Is it possible for institutions to balance risk with opportunity? With a long-anticipated Bitcoin halving event set for Q2 2024 and the expectation of a fresh bull run on the horizon, crypto may become a prospect that’s too tantalizing to ignore. Sustaining an Institutionally-Focused Ecosystem One of the biggest risks facing institutions seeking to embrace crypto is that they’re entering a world where many participants champion decentralization and consciously reject traditional financial processes for more decentralized financial services. Because decentralization makes it more difficult to regulate the industry through single centralized bodies, some institutional investors may be put off by a perceived lack of security. However, other market commentators believe that the arrival of institutions will help to create an adaptable ecosystem that can suit all players. “I think we’ll get two versions,” , director of research at crypto market analysts, Kaiko. “I think we’ll still see a continuation of the more DeFi side, which is completely trustless. But we’re also going to see a permissioned version of decentralised finance that will be incorporated by these more institutional actors and this has to do with tokenisation.” explains Clara Medalie “You can’t really have the fully automated DeFi side when you’re talking about traditional finance because there is the risk component, there’s compliance, there’s regulation, and so I think it will be a combination of both depending on what the actual use cases are.” Institutional access to these newly hybrid crypto markets will be accelerated by the arrival of Bitcoin ETFs, which will allow institutional investors and traders the opportunity to utilize a for institutions to access through more traditional brokerage accounts. regulated and familiar investment vehicle This would prevent institutions from having to fully immerse themselves into decentralized exchanges to buy and store their assets directly. By simplifying access to crypto through ETFs, we will invariably see a broader range of institutional arrivals in the cryptocurrency market who would otherwise be cautious or wary of existing infrastructure across the market. We’re also seeing more innovation directly within the world of crypto, generating more opportunities for more sustainable participation for institutional investors. For example, Skarb’s is institutionally focused and designed to aid traders in overcoming industry barriers. unified trading terminal This unified trading structure allows institutions to access more than 20 liquidity venues and over 6,000 trading instruments, all within one platform, to facilitate deeper liquidity pools with ease. Skarb’s platform supports spot, options, and futures trading, which allows traders to access multiple liquidity venues across each to hedge their risk or trade multiple legs across instruments and venues. Skarb also simplifies portfolio monitoring and management, allowing investors to see their entire exposure in one place. Crucially, the Skarb engine allows institutions to manage counterparty risk more effectively by choosing market makers across scores of integrated exchanges for simpler trade execution. The scalable back-end architecture also helps to deliver an efficient performance even with increased levels of volatility throughout the market. It’s these technological innovations from within the crypto ecosystem that can help to deliver comprehensive solutions for institutions on a level that directly addresses their concerns and suits their trading goals. Bitcoin’s Halving Event and The Next Bull Run Bitcoin’s pre-programmed halving events have been a catalyst for bull runs ever since its creation. The term ‘halving event’ refers to an approximate four-year cycle that sees the mining rewards for Bitcoin distributed to its miners halved, which automatically contributes to ramping up the asset’s scarcity. With Bitcoin’s 2016 and 2020 halving events culminating in a new all-time high value for the asset in the following year respectively, much has been made for the prospective resumption of the trend in 2024. Although the cryptocurrency landscape offers very little in the way of recurring trends due to mass market volatility, it’s down in no small part to BTC’s halving cycle that Standard Chartered issued a forecast that Bitcoin would attain a value of . $120k by the end of 2024 Using Bitcoin’s as a guide, we can see a loose correlation between Bitcoin halving events and price rallies that corroborate Standard Chartered’s forecast. stock-to-order flow chart The resumption of this trend would not only be lucrative for institutional participants within the crypto space, but it would also provide a significant boost to the market capitalization of the cryptocurrency market. At a total market cap of around $1.4 trillion today, the cryptocurrency market is the scale of the total global stock market capitalization. While this presents a significant liquidity issue for many of the world’s largest institutions, we’ve seen recent halving events generate exponential growth within the ecosystem that could surpass previous peaks of $3 trillion within the cryptocurrency market in the next bull run. around one hundredth The prospect of a Bitcoin bull run is far from assured, of course. Bitcoin’s new all-time high value of $69,044.77 in November 2021 may have correlated with the asset’s halving cycle, but it also took place during a tech stock boom amidst that generated more liquidity for retail investors. significant post-Covid governmental stimulus packages Ekta Mourya, editor at FX Street, suggests that a weakening trend for Bitcoin halving cycles in recent years could be a danger for investors. “The likelihood of a BTC halving acting as a bullish catalyst for BTC price is dwindling. This was observed in the case of Litecoin as well, an asset created by forking the Bitcoin blockchain,” . Mourya warns Institutions Hold the Key to Their Future At present, the prevailing cycle surrounding the institutional adoption of crypto is that it’s the institutional pioneers that can drive meaningful change in the industry. "Are we ready for institutions? Just looking at everything that happened, probably the answer is no," , co-founder and chief experience officer at crypto risk surveillance firm Solidus Labs. "But the map comes with the territory." said Chen Arad It will only be through institutional adoption and advocacy that the crypto space will become a productive environment for more institutions. Although there’s still risk throughout the industry, we’re seeing evidence that the crypto ecosystem is becoming safer and more sustainable for all participants. In the launch of Bitcoin ETFs providing institutions with unprecedented exposure to crypto markets in a regulated environment, we may see a surge in advocacy that converts institutional interest into intent. Also published . here

Balancing Risk and Opportunity: Institutions Can’t Afford to Ignore Crypto Any Longer

ঝুঁকি এবং সুযোগের ভারসাম্য বজায় রাখা: প্রতিষ্ঠানগুলো আর ক্রিপ্টোকে উপেক্ষা করার সামর্থ্য রাখে না

Risiko und Chance in Einklang bringen: Institutionen können es sich nicht länger leisten, Krypto zu ignorieren

Equilibrio entre riesgo y oportunidad: las instituciones ya no pueden permitirse el lujo de ignorar las criptomonedas

Équilibrer les risques et les opportunités : les institutions ne peuvent plus se permettre d’ignorer la cryptographie

जोखिम और अवसर को संतुलित करना: संस्थान अब क्रिप्टो को नजरअंदाज नहीं कर सकते

リスクと機会のバランス: 金融機関はもはや仮想通貨を無視するわけにはいかない

위험과 기회의 균형: 기관은 더 이상 암호화폐를 무시할 수 없습니다

Equilibrando risco e oportunidade: as instituições não podem mais ignorar a criptografia

Баланс между риском и возможностями: учреждения больше не могут позволить себе игнорировать криптовалюту

Risk ve Fırsatı Dengelemek: Kurumların Kripto Parayı Daha Fazla Görmezden Gelme lüksü yok

Cân bằng rủi ro và cơ hội: Các tổ chức không thể bỏ qua tiền điện tử lâu hơn nữa

平衡风险和机遇：机构不能再忽视加密货币

TL;DR: Fidelity posed a seemingly simple question about new bill denominations to their X followers online. The overwhelmingly crypto-centric responses underscore the rising prominence of digital currencies in the modern financial landscape. Fidelity’s Unexpected Feedback In an era marked by technological evolution and financial transformation, even the most mundane questions can yield unexpected insights. When Fidelity inquired about a new bill denomination to its X online community, the response was overwhelmingly in favor of cryptocurrencies, reinforcing the notion of their growing significance in the global economy. The Prompt and the Avalanche of Cryptocurrency Responses Fidelity’s query was straightforward: “You get to choose a new bill denomination (don’t ask, just roll with it). What are you choosing, and why?” However, the tidal wave of crypto-themed answers took many by surprise. Phrases like ‘$BTC’, ‘#DOGECOIN’, and ‘$Sats’ dominated the conversation, signaling a shift in popular sentiment towards digital assets. Even amidst traditional finance suggestions like a $200 or $1,000 bill, concerns about inflation and the diminishing power of the dollar were evident. Cryptocurrency: A Beacon or a Mirage? It’s easy to view these responses as mere banter, a reflection of the whimsical nature of online communities. Yet, beneath the surface, these replies indicate a deeper narrative. Traditional currencies, often regarded as stable and reliable, are now juxtaposed against the new kid on the block — cryptocurrencies. This new wave of digital assets is hailed for its decentralized, transparent, and empowering architecture, offering a glimpse into the future of finance. The concerns about volatility and regulations are just teething troubles in the grand journey of this financial revolution. A Promising Horizon: Regulatory Embrace of Cryptocurrency ETFs The horizon for cryptocurrency, particularly within regulatory boundaries, is filled with optimism. The financial sphere is abuzz with discussions about Bitcoin ETFs, with industry titans like BlackRock, Bitwise, VanEck, and Fidelity eagerly awaiting regulatory endorsements. While notable figures like former SEC chief, John Reed Stark, have voiced concerns, it’s crucial to remember that groundbreaking technologies often face early skepticism. In a bolstering development, the asset management behemoth AB Bernstein, which manages $779 billion, indicates a rising confidence in the approval of a spot Bitcoin ETF. As we’ve seen throughout history, initial skepticism often gives way to widespread adoption and integration. Politics and the Path to Progressive Cryptocurrency Regulation While the realm of crypto regulation has historically steered clear of partisan divides, the dynamic seems to be evolving. This change might well indicate that cryptocurrencies are moving from being a niche interest to a foundational pillar of financial and political discourse. The increasing attention from political entities can be seen as a testament to the growing significance and potential of digital assets in reshaping our economic future. A Glimpse of the Future , known colloquially as “crypto-mom” for her supportive stance on digital assets, might hold a significant position at the SEC, especially if the upcoming elections sway in favor of the Republicans. Her appointment could herald a more accommodating environment for crypto assets. Hester Pierce Crypto Policy Should Be Forward-Looking In a rapidly evolving world, it’s evident that traditional financial paradigms are being challenged. Digital assets, once the domain of the tech-savvy, are now mainstream. Institutions, governments, and individuals alike need to navigate this new landscape with caution, embracing the promise of a decentralized future while safeguarding against its inherent risks. .” Thank you for reading “Fidelity’s Intriguing Question to the X Community: Cryptocurrency Takes Center Stage Subscribe to our newsletter: Consensus Protocol Follow us on Twitter: Twitter Sources: Fidelity’s Official Twitter Account. Comments and insights from John Reed Stark, ex-chief of the SEC. Better Markets’ August 8, 2023, SEC Comment Letters. Historical references from corpgov.law.harvard.edu and linkedin.com related to the SEC’s stance on cryptocurrency. Also published . here

Rise of Crypto: How Fidelity’s Intriguing Question Indicates the Rising Faith in Cryptocurrency

Hola, crypto guardians! You’re reading Owlsome- a place where crypto is more entertaining than “watching Gold digger videos”. Now straighten your spine and get straight inside the below crypto mime. The content down below can be funnier than seeing Master Yoda become the Hulk. Note: Here’s what my owl got for ya’ today BlackRock reveals its perfect portfolio standard The new Optimism wallet is turning heads. Millionaire Crypto influencer found chopped in a suitcase😨 Funniest meme on the planet Let’s fooking go! BlackRock reveals research on a perfect portfolio. Since the start of time, every man, Black or white has had the same question: What should my investment portfolio look like? Well, folks at BlackRock went on to find the answer to this. And Guess what? They made it. Their research says an ideal risk vs rewards portfolio should be something like… 84.9% BTC 9.06% Stocks 6.04% in bonds This is coming from a $9 Trillion asset manager. Holy chicken! My Grandma almost did a somersault upon learning this. Yes, my old girl has 90% of her savings in Bitcoin, plus a 100% crush on Satoshi Nakamoto. Oh, Fu*ck! Can you connect the dots? → First Black Rock applies for an ETF → Then their CEO Larry Fink promotes Bitcoin on Television → Now, their research favoring Bitcoin is out…Ouch!! It all points to a direction that says “Bitcoin is the King”👑 And Satoshi is the Kingmaker. The new Beam wallet fulfills the promise of web3 Hodl your hands in the air for the all-new that pees straight on people who say “self-custody in crypto is complex” Beam wallet, Have a look at its killer features🔥 Requires no seed words storage Can be logged in through Twitter No KYC, no signup. Users can send payments simply by using a link to a QR code. No need to store Ethereum for transaction fees. Am I the only one smelling mass adoption here? Well, all kisses to Ethereum’s account abstraction ( ) implementation, in March, which makes it all possible. ERC-4337 is developed by the team behind and is powered by the $ECO token. Beam ECO protocol And Guess what? It is backed by the Top Guns in web3: a16z, Coinbase ventures, and Founders Fund, among others. Plus this is just the beginning… I can already imagine Vitalik twerking with happiness. Like my content, , to get the delivery of such content right in your inbox. From crypto narratives to best investment opportunities, I cover it all in Gangnam style. subscribe to Owlsome Millionaire crypto influencer cut in a merciless manner. This is the scariest shit, my eyes saw in crypto. (Note: It’s not for the faint-hearted) The chopped body parts of Fernando Pérez Algaba, 41, were discovered by a group of kids in Argentina while playing. Upon inspecting the package the police found the victim’s legs and forearm inside, with another whole arm in the stream. And on Wednesday, authorities discovered the missing head and torso The body parts were cleanly amputated, clearly the work of a professional. A subsequent autospy suggested that he was shot 3 times before dismemberment. Ferando’s rags to riches story… Well, he started working at the age of 14. “I started with a bicycle and a box and I started selling sandwiches,” said Fernando, who reportedly graduated to buying vehicles to repair and resell. His dedication paid off quite well, as he had a warehouse full of luxury cars and motorcycles by age 24. He then subsequently went on to start his own luxury car and jet ski rental firm in Miami. By the time he jumped on the crypto train during his final years, he was a millionaire already. However, evidence suggests that he lost a lot of money trading crypto. He was popularly known to promote crypto projects to his 900k followers on Instagram. Well, gone is this man. And alive we are. Work hard peeps, no need to cry over this…But instead, draw inspiration from his stint. Hot Headlines British Museum is entering the Sandbox. Sam Altman says Worldcoin is onboarding eight users per second, but claims are largely unsubstantiated Funniest Meme on the planet Also published . here

Millionaire Crypto Influencer Found Chopped in a Suitcase😨

BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

BlackRock Expands Digital Fund to Avalanche Network

Blackrock CEO Larry Fink tells the World Economic Forum (WEF) that developed countries with shrinking populations will be better prepared for the social problems that come from “substituting humans for machines.” Speaking at the WEF’s Special Meeting on Global Collaboration, Growth and Energy Development during a panel on “Investing Amid Global Fracture,” Fink said that there would be a divide between the “middle class developing countries that have a foundation and education” and developing countries that have booming populations but little education. https://twitter.com/TimHinchliffe/status/1785042264860848489?embedable=true With that divide, Fink argued that developed countries with shrinking populations would be the “big winners” as far as quality of life is concerned because they will have all the technologies to boost productivity and elevate their living standards. “I can argue in the developed countries the big winners are countries that have shrinking populations […] These countries will rapidly develop robotics and AI and technology […] The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations”
BlackRock CEO Larry Fink, World Economic Forum, April 2024 “I can argue in the developed countries the big winners are countries that have shrinking populations,” said Fink. “We always used to think shrinking population is a cause for negative growth, but in my conversations with the leadership of these large, developed countries that have xenophobic immigration policies, they don’t allow anybody to come in, shrinking demographics — these countries will rapidly develop robotics and AI and technology. “And if the promise, and it’s going to happen, if the promise of all of that transforms productivity, which most of us think it will, we’ll be able to elevate the standard of living of countries, the standard of living of individuals, even with shrinking populations.” https://www.youtube.com/watch?v=PoRVYFHNc6k&embedable=true For Fink, fewer people means a better quality of life in the developed world thanks to automation. For growing populations in the developing world, particularly in Africa, education will be key, according to the BlackRock CEO. “The paradigm of negative population growth is going to be changing, and the social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations,” said Fink. “For those countries that have rising populations, the answer will be education — for those countries that do not have a foundation of rule of law or education, that’s where the divide’s going to get more and more extreme,” he added. The WEF’s Special Meeting on Global Collaboration, Growth and Energy Development took place from April 27-29 in Riyadh, Saudi Arabia. Tim Hinchliffe, Editor, The Sociable Blackrock CEO Larry Fink tells the World Economic Forum (WEF) that developed countries with shrinking populations will be better prepared for the social problems that come from “substituting humans for machines.” Speaking at the WEF’s Special Meeting on Global Collaboration, Growth and Energy Development during a panel on “ Investing Amid Global Fracture ,” Fink said that there would be a divide between the “middle class developing countries that have a foundation and education” and developing countries that have booming populations but little education. Special Meeting on Global Collaboration, Growth and Energy Development a panel Investing Amid Global Fracture https://twitter.com/TimHinchliffe/status/1785042264860848489?embedable=true https://twitter.com/TimHinchliffe/status/1785042264860848489?embedable=true With that divide, Fink argued that developed countries with shrinking populations would be the “big winners” as far as quality of life is concerned because they will have all the technologies to boost productivity and elevate their living standards. “I can argue in the developed countries the big winners are countries that have shrinking populations […] These countries will rapidly develop robotics and AI and technology […] The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations” BlackRock CEO Larry Fink, World Economic Forum, April 2024 “I can argue in the developed countries the big winners are countries that have shrinking populations […] These countries will rapidly develop robotics and AI and technology […] The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations” “I can argue in the developed countries the big winners are countries that have shrinking populations […] These countries will rapidly develop robotics and AI and technology […] The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations” “I can argue in the developed countries the big winners are countries that have shrinking populations […] These countries will rapidly develop robotics and AI and technology […] The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations” BlackRock CEO Larry Fink, World Economic Forum, April 2024 “ I can argue in the developed countries the big winners are countries that have shrinking populations ,” said Fink. I can argue in the developed countries the big winners are countries that have shrinking populations I can argue in the developed countries the big winners are countries that have shrinking populations “ We always used to think shrinking population is a cause for negative growth, but in my conversations with the leadership of these large, developed countries that have xenophobic immigration policies, they don’t allow anybody to come in, shrinking demographics — these countries will rapidly develop robotics and AI and technology . We always used to think shrinking population is a cause for negative growth, but in my conversations with the leadership of these large, developed countries that have xenophobic immigration policies, they don’t allow anybody to come in, shrinking demographics — these countries will rapidly develop robotics and AI and technology We always used to think shrinking population is a cause for negative growth, but in my conversations with the leadership of these large, developed countries that have xenophobic immigration policies, they don’t allow anybody to come in, shrinking demographics — these countries will rapidly develop robotics and AI and technology “ And if the promise, and it’s going to happen, if the promise of all of that transforms productivity, which most of us think it will, we’ll be able to elevate the standard of living of countries, the standard of living of individuals , even with shrinking populations .” And if the promise, and it’s going to happen, if the promise of all of that transforms productivity, which most of us think it will, we’ll be able to elevate the standard of living of countries, the standard of living of individuals And if the promise, and it’s going to happen, if the promise of all of that transforms productivity, which most of us think it will, we’ll be able to elevate the standard of living of countries, the standard of living of individuals even with shrinking populations even with shrinking populations https://www.youtube.com/watch?v=PoRVYFHNc6k&embedable=true https://www.youtube.com/watch?v=PoRVYFHNc6k&embedable=true For Fink, fewer people means a better quality of life in the developed world thanks to automation. For growing populations in the developing world, particularly in Africa, education will be key, according to the BlackRock CEO. “ The paradigm of negative population growth is going to be changing, and the social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations ,” said Fink. The paradigm of negative population growth is going to be changing, and the social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations The paradigm of negative population growth is going to be changing, and the social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations “ For those countries that have rising populations, the answer will be education — for those countries that do not have a foundation of rule of law or education, that’s where the divide’s going to get more and more extreme ,” he added. For those countries that have rising populations, the answer will be education — for those countries that do not have a foundation of rule of law or education, that’s where the divide’s going to get more and more extreme For those countries that have rising populations, the answer will be education — for those countries that do not have a foundation of rule of law or education, that’s where the divide’s going to get more and more extreme The WEF’s Special Meeting on Global Collaboration, Growth and Energy Development took place from April 27-29 in Riyadh, Saudi Arabia. Special Meeting on Global Collaboration, Growth and Energy Development Tim Hinchliffe, Editor, The Sociable Tim Hinchliffe, Editor, The Sociable Tim Hinchliffe , Editor, The Sociable Tim Hinchliffe

BlackRock's Larry Fink on Social Challenges in Human-Machine Substitution

The U.S. bond market is at a tipping point, with the 10-year Treasury note yield rising above 4.95% for the first time since 2007. This is significant and marks a point where the median returns on treasury bills (and even savings accounts) pay a higher return than real estate and the S&P 500. The US has been in better shape… In addition to this, several key indicators suggest potential challenges ahead for the U.S. economy: Debt levels have surged by an astounding $2 trillion since the resolution of the debt ceiling in May. This rapid increase underscores the gravity of the current fiscal situation. crisis The 30-year mortgage rate has surged to 8%, marking the highest level in over two decades, which reinforces concerns regarding the affordability of housing and its broader implications for the real estate market. The Consumer Price Index (CPI) has resurged to a five-month high, underscoring the persistent challenges posed by inflation. All of this is happening at a time when the US is now engaged in financing not one but two major military conflicts. The Fed is still not at the finish line. The Fed has not yet achieved its goal of reducing inflation to the target of 2%. This is becoming a bit worrisome as the conflicts, especially in the Middle East, could push up oil prices, which will affect inflation numbers negatively. Crypto Lens: Bitcoin Surges by 10% in a Day! On Monday, Bitcoin's price experienced a rapid surge to $30,000 following a false from the Cointelegraph claiming that the SEC had approved BlackRock's Bitcoin Spot ETF. report The moment of excitement was very short-lived as it was quickly discovered that the reported news was not accurate. The wild price swings up, and the subsequent retraction resulted in the liquidation of over $70 million worth of short positions during the price increase. Additionally, when the price later corrected, approximately $31 million in long positions were liquidated. Tough waters for traders to operate in! On a positive note, it is worth noticing that BTC is still trending upward and, at the time of writing, maintains a 7.3% gain over the past week. The Really Positive News While the ETF news turned out to be a fad, what was really exciting for this week was Blackrock’s CEO, Larry Fink, making remarks that the increased interest in BTC lately could be seen as a “flight to quality” driven by current geopolitical tension. That’s pretty big. I can’t remember a time when I have heard such positive rhetoric regarding Bitcoin from one of the world’s largest asset managers. Noteworthy Mentions Crypto Security In 2023: Dissecting Hacks, Exploits, And Other Insights Our latest research covers the state of crypto security in 2023, highlighting the top 10 breaches alongside other notable trends. Here is the full to the article. link **Lots of takeaways from the yearly Bitkraft Summit
\ Last week, I participated in the yearly summit by Bitkraft Ventures, which specializes in gaming-related investments. It has been a long time since I’ve received that many great takeaways from a conference so that naturally deserves a shout-out! Read my condensed notes on everything game-related . here Industry Shakers EU Formally Agrees on New Crypto Tax Data Sharing Rules The European Union's finance ministers formally approved new regulations allowing the sharing of data on individuals' cryptocurrency holdings. These rules, known as the Eighth Directive on Administrative Cooperation (DAC8), were proposed last year to prevent the hiding of assets abroad through crypto. They oblige cryptocurrency companies to report customer holding information, which will be automatically shared among tax authorities. Digital Euro Project Moves to 'Preparation' Phase The European Central Bank (ECB) has initiated the transition of its digital euro project into a preparation phase, a step that could potentially lead to a future decision to issue a digital euro. This preparation phase, formerly referred to as the "realization phase," is scheduled to commence in November and is anticipated to span a duration of two years. Its primary objectives include finalizing the framework for a digital euro, selecting service providers for the development of a Central Bank Digital Currency (CBDC) platform, and conducting further testing. Stay Updated - Follow me on Twitter! Enjoyed these insights? There's more where that came from. Follow me on for daily tidbits and updates. Twitter/X Also published . here

Challenges Ahead for US Economy, Bitcoin Swings, and BlackRock's Positive BTC Remark

On June 15, 2023, BlackRock, one of the leading providers of investment, advisory, and risk management solutions, applied for a spot Bitcoin ETF (a Bitcoin futures exchange-traded fund that can issue publicly traded securities). Immediately after the announcement, reacted with rapid growth. Bitcoin However, this is the time when the SEC is actively fighting with Coinbase and Binance, the two biggest crypto exchanges. The hype around the BlackRock application calms down, and it, in turn, impacts the Bitcoin price, which soon drops to the previous levels. Here, you can see a clear example of how much the price of the major crypto depends on external factors. What if somebody uses this dependence to manipulate the price of a crypto asset? In this case, we continue talking about Bitcoin because manipulating its price can deliver really high profits. It all started on October 16, 2023, when Cointelegraph tweeted that the Securities and Exchange Commission approved BlackRock’s ETF. Cointelegraph didn’t give any link to the source of the information, and it was not needed: Bitcoin reacted immediately with a surge. It didn’t take long before a BlackRock representative contacted Cointelegraph with a claim that the tweet was a FAKE. Soon after that, Cointelegraph removed the original tweet and published another tweet with apologies. Bitcoin reacts immediately with a plunge. Cointelegraph performed a promised investigation and posted a on it on their website. However, the course of the events has already been reproduced on social media, so there is nothing new in there except for some more screens from their Slack and Telegram channels. report Cointelegraph claims it was a mistake, while many believe it was an intentional market manipulation with the aim of earning. Where is the truth? Was it a mistake of Cointelegraph or rather a smart market manipulation? According to CoinGlass data, over $98 million were liquidated in short positions, which is logical. But who won the game? Rollbit, a crypto trading platform and online casino, posted it under one of Cointelegraph’s tweets asking if this was Cointelegraph indeed. What does this screen tell us? Somebody with an account named Cointelegraph entered a BTC long position of $50,000 at 50x leverage. The position was open when Bitcoin was priced at $27,774 and exited the position when BTC was $30,274, with a profit of $2,250,800. Surprisingly, it all happened before the tweet with apologies was posted. Did somebody from the Cointelegraph team post the fake news intentionally to earn on the pump? X (former Twitter) is full of memes like this. There may be other major market players involved But let’s be more critical and think: how realistic is this indeed? Cointelegraph has been present in the market for over a decade since the crypto start. Since then, it has been one of the main sources of information about the crypto industry. I am sure that these guys know very well how it would turn out if they tried to manipulate the market and then benefit from it in such an open way. Would they risk their reputation for that? Would they face a risk of being jailed for insider trading and market manipulation? The SEC doesn’t joke in such cases, and the “proofs” are supposedly there. I doubt. In my opinion, there was somebody who could benefit from this situation, and this somebody was trusted by Cointelegraph enough to publish any news provided by this source without further verification. Did Cointelegraph really make that infamous trade with a profit of over $2,500,000? That would be too uncareful and too evident, especially considering that the trade was made under the news outlet’s name. I think that for now, there are many facts to be unveiled, and we still have to find out who were the major players in this game. How? I believe that the user named Cointelegraph is not the only one who benefited from this situation. Step by step, we will learn about others who earned millions within that hour when the Bitcoin price was pumped and dumped. And the probability that those are the ones behind all the fuss is very high. Meanwhile, the SEC reminds traders and investors that it is not worth trusting everything that you see on the internet, and it is always necessary to double-check all information with reliable resources.

Is It Easy to Manipulate the Crypto Market?: Cointelegraph and BlackRock BTF ETF

Bostoncoin update June-July 2024 Invest when there is blood in the streets Readers with a few grey hairs may recall the Microsoft antitrust trials late last century, where Bill Gates was accused of running a monopoly, and stifling rival businesses such as Netscape Navigator. The US District Court stated that Microsoft should be split up into different companies, Bill Gates threatened to leave Microsoft and the MSFT stock price fell from $58 to $24. With hindsight we know that the situation resolved, and MSFT stock is now over US$300. Microsoft investors who sold out when things looked grim would have lost over 50% of their money. Those who bought the dip would have made over 1300%. The 1999 Microsoft antitrust case may have some parallels to 2023 cryptocurrency markets. As the US Securities Exchange Commission (SEC) uses a 100-year-old precedent to claim that over sixty cryptocurrencies should be classified as securities, prices have been falling on popular cryptocurrencies as well as associated crypto stocks. Binance, the world’s second-largest crypto exchange has exited Canada, citing regulatory concerns, and is facing an SEC lawsuit. Stock in rival crypto exchange Coinbase is down by half in the last year, and many cryptocurrencies on the SEC hit-list have dropped significantly. With massive crisis comes massive opportunity, as some will know. Whilst uncertain investors are selling out of crypto and related stocks, the smart money is buying the dip and holding. Cathie Wood’s ARK investment fund has purchased more than US$20 million worth of stock in Coinbase this month whilst it is selling for a 20% discount. If it dips lower she may buy even more. ARK also bought the Bitcoin dip, investing another $3 million into the Grayscale Bitcoin Trust, whilst (MicroStrategy’s) Michael Saylor and (SharkTank’s) Kevin O’Leary bought plain Bitcoin. The Bostoncoin funds are still buying and will continue to do so. Investors know that past performance is not an indicator of future outcomes, and there are no guarantees that any cryptocurrencies or crypto brokerage stocks will bounce back 1000% like Microsoft. Still, history has been known to echo, if not repeat. The Microsoft antitrust case took almost three years to resolve fully, and at present, there appears to be no timeframe for the SEC’s crypto crackdown. However, it seems that savvy investors with deep pockets have faith that things will indeed recover, even if they do not know when. An SEC backflip, in five, four, three, two…? The hashtag #FireGaryGensler was trending on Twitter during June, and a couple of US senators have called for the dismissal of the SEC chair, claiming his crypto crackdown is damaging to the USA, its economy and its future as a technology hub. Our secret sources indicate that around 70% of the US crypto companies are moving to relocate their headquarters to crypto-friendly regions such as Hong Kong, Dubai, Singapore, UK or the EU. But wait: maybe the SEC will backflip and suddenly decide that BTC is A-OK. Why would they do that? Because Blackrock has more money than the White House and can make very large campaign contributions. Blackrock, the $10 Trillion asset manager, has , a mutual fund that invests in Bitcoin, so that ordinary investors can access Bitcoin without having a crypto wallet. filed an application for a Bitcoin spot-ETF For a few years now, Grayscale has been running a quasi-Bitcoin-ETF which has not raised the ire of the SEC, but the Grayscale fund is “Bitcoin- adjacent” and does not actually hold any Bitcoin. Instead of holding actual Bitcoin, the Grayscale fund has a complex array of options, so that it can buy BTC if it wants to, but does not have to, and the price is often illiquid, less than BTC actual price or locked up for 90 days at a time. In contrast, the Blackrock fund will buy actual Bitcoin and hold it on behalf of fund investors, similar to how you can invest in a gold fund that buys and stores actual physical gold on your behalf. This is a major step up from the Grayscale option, and if approved, will open the floodgates for many more institutions to purchase Bitcoin and hold it for ordinary investors. Following on the heels of Blackrock, companies such as Wisdom Tree, Invesco, Fidelity, Citadel, Schwab, and Deutsche Bank have all applied for similar BTC funds. Ignoring all the ‘also-rans’, if we look at Blackrock and assume that 1% of its investors would like to hold Bitcoin, that will be $100 billion entering the crypto markets. That is a big number, and now you know why we only counted Blackrock, not the others. We do not wish to overhype the opportunity. There may be a chance that 1% of Fidelity investors would want in also, which would make the number a lot larger, or there may be only half of 1% of Blackrock investors who want crypto, in which case the figure would be lower. This puppy does not have crystal balls, so we cannot promise an SEC backflip, nor can we promise the floodgates of Wall Street cash will propel crypto markets to massive all-time highs in the next year or two, but markets have risen just on the possibility. Stay tuned to see if the news eventually matches or exceeds the hype. Keeping it in the family Whilst the SEC and CFTC have been arguing over whether crypto is a commodity or a security, the . Interestingly, the ex-CFTC head is a commodity expert (think gold, silver) and is now working for Circle, the company that makes printable or mintable USDC digital dollars. When people jump from old-school regulators to future innovators, maybe it shows a changing of the tides? former head of the CFTC has just joined a crypto company Despite being sued by the SEC, publicly-listed crypto brokerage and will continue “business as usual”. Seeming to disregard its SEC lawsuit, the popular US crypto exchange is listed on the stock exchange, where its stock price is up over 80% for the last six months. CoinBase has “no plans” to delist crypto assets According to researcher Goldman Sachs, many more institutional investors are piling into crypto, not just household names like Blackrock and Fidelity. Private have reported almost doubling their crypto holdings, up from one in seven during 2021 to more than one in four in 2023. Family investment houses Sex with the ex? Some of you have been there: no judgement. You like someone, you get together, then you split up, and you hate them, and then months or years later, you get drunk and send the “hated” person a text, and it’s all back on again… Let’s have a brief look at those who claimed to hate crypto and then “got into bed with Bitcoin”: Larry Fink, CEO of Blackrock: once said, “Bitcoin shows you how much demand for money laundering there is"… "Bitcoin is an index for money laundering - that's all.” In 2018, Fink said, “None of Blackrock’s clients are interested in buying crypto”. Blackrock applies for the world’s first Bitcoin spot-ETF. Then: Now: Ken Griffin, Founder of Citadel Finance: called crypto a “Jihadist call" against the dollar and that he “wished young people would use that energy to make the US dollar stronger instead”. He also said, “People who own crypto are stupid". Then: Claims that crypto is one of the greatest financial stories of the last 15 years. His company just launched a new crypto exchange. Now: Walt Bettinger, CEO of Charles Schwab: in 2021, he was “cautiously” looking at crypto markets and was “waiting for regulatory clarity”. Then: forget waiting; he has just launched a new crypto exchange. Now: Watch where the wind is blowing. It may be time to catch up with your previously sceptical friends and give them an update. Crypto is catching on at the very highest ends of Wall Street. You and all your friends may want to be on the train right now. High-end buying of cryptocurrencies Last month we reported that luxury car company Mercedes was getting into NFTs. Now we find that handbag maker , at a price of over US$40 000. Anyone who buys the digital luggage NFT will receive its real-life copy, as well as a later opportunity to purchase digital keys. Louis Vuitton (LV) has created virtual luggage The virtual LV keys will be released periodically and will unlock a hidden compartment of the digital bag, along with a physical copy of the bonus item. It seems like a “pass the parcel” game for grownups, or an Advent calendar, but you must pay to open the next part. Those of us who carry generic unbranded luggage or have little faith in airline baggage handlers will probably avoid the LV entry into the  cryptosphere, but we are sure that a few diehard LV fans will go all in for the surprise offering. In somewhat more tempting news, fans of shiny wrist adornments can now . It now seems a criminal act that , as the pizza was promptly eaten and gone, and the Bitcoin is now worth over $250 million. Aside from a TAG looking much better on your wrist than old pizza stains, sometimes luxury watches, just like Bitcoin, can also increase in value. buy a TAG Heuer watch with crypto Laszlo traded 10 000 Bitcoin for a couple of pizzas For those who think hanging a $50 000 Tiffany & Co diamond off your neck is no longer cool, Yes, the (allegedly) boxy, ugly and largely unnecessary artworks can now have their physical twin made from precious jewels and do more to show off your wealth than your CryptoPunk Twitter profile picture. No, we will not buy these as we consider them ugly and useless, but it’s good to know that Tiffany, a company founded in 1837, is now making inroads into crypto. . Tiffany & Co have introduced real-world versions of the Crypto Punk NFTs. Shine on, you crazy diamonds Meanwhile, a . It may be a morbid topic, but sooner or later, we are all going to take a long dirt nap. Nobody wants to die prematurely, but if you want your dependents paid out in growth crypto rather than in devaluing fiat cash, you can apply online. US life insurance company will pay out death benefits in Bitcoin How are we doing? As the excitement grows around Blackrock, Fidelity, Wisdom Tree et al, prices are moving predictably higher. Headliners Bitcoin and Ethereum are up 62% and 84% for the past twelve months, whilst newcomer Injective is up 50% in just three months. Our investments in Polygon are up 60% and our investment in Quant is up 210%. For those who like to take a deep dive, we profiled on the Cryllionaire page, and profiled . Injective last month Quant in September 2022 We understand that there are some who like to take the DIY-route, which is why we give away our research and methodology, so your friends can stay safe. Hot tip: ignore all the TikTok crypto advisers, Youtube bobbleheads and clickbait headlines and thumbnails that say “this coin will make billionaires” or “five coins that will 100x”. Most of the online commentators are misinformed, wrong or downright dishonest. Most Youtubers get paid for people watching their antics (thanks Jim Cramer), not for making good investments. Worse, they often sell what they are telling you to buy. Just a handful of the people who have been charged for trying to mislead, scam or shill crypto investors include Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul, Kim Kardashian, boxer Floyd Mayweather, John McAfee (RIP) and Ben Armstrong, also known as “BitBoy” on Youtube. Researching crypto takes time and effort. Telling people about “the next big thing” when you have been given a million coins for free takes zero talent. Be careful. Most people are far too busy to do their own research (there are now over 24 000 cryptocurrencies on the market!), and that’s why we created the world’s first crypto mutual funds; we take care of your investments and you can take care of your life. We have bought and sold tens of thousands of coins over the last seven years, with no celebrity help, zero scams, no FTX-style Ponzis, zero rug pulls and no coins that went to zero. You’re welcome😊 All we ask in return is for you to tell your friends about us. That way, you can share the wealth with your loved ones, and we don’t have to waste money on advertising. How to win friends and influence people In 2012, before most people had heard of crypto, Bitcoin made gains of 1 235%. In 2016, when crypto was starting to be spoken about at a few nerdy gatherings, Bitcoin gained 5 267%. In 2021 whilst many people were panicking about the pandemic, Bitcoin soared another 1 356%. Yes, after every eye-watering gain, there has been a pull-back in crypto markets, just as there have always been crashes in property, stocks, bonds and other investments. But if something goes up 1000% and then crashes by 50%, you have still made good money (if you got in early and not late). We are now at a time where there is much uncertainty around crypto regulation. Yet, billion-dollar and trillion-dollar investment companies are still entering crypto markets. Whether the SEC backflips and the USA becomes a crypto-nation, or whether the SEC blocks innovation and the trillion-dollar tsunami flows into crypto-friendly regions in Asia or Europe, the rising tide that lifts all ships is coming. We can guarantee nothing about prices, gains, regulations, or market movements in the next 12 to 18 months. We can, however, guarantee that there will be numerous members of your friends and family who will find out about the gains after they have occurred. Do not be the person who gets the message from your friends and family, “Congratulations on making XXXX% in crypto… Why didn’t you tell me?” Reaching the top of the mountain is so much better when you have a few friends around to share the view and the victory. Forward this newsletter to anyone you care about. Share it on your social media. Tell your friends and family that investing in crypto can be safer and simpler with Bostoncoin. Tell them now before the even bigger boom begins. We will see you at the top of the mountain 😊 Bostoncoin June 30 2023 BOS NAV AUD        61.4286253 BOS Price AUD       67.5714878 BOS NAV USD        42.0188028 BOS Price USD       46.2206830 DARTcoin June 30 2023 DART NAV AUD      75.4028379 DART Price AUD     82.9431217 DART NAV USD      51.5775335 DART Price USD     56.7352868 originally published at "Monthly Updates" at BostonTrading.co

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