Plus: SBF’s wealth received worn out quicker than you possibly can say FTX
GM. Ever really feel like crypto information is only a large fruit salad – messy and complicated? Don’t be concerned, we have picked out the tastiest bits and tossed the remaining.
In case you did not know – I am nonetheless on trip. I am really dodging timber on a snowboard proper this second, however I merely couldn’t dodge these crypto headlines.
So, right here’s a speedy replace earlier than I faceplant.
🍍 Market taste right this moment
🍋 Information drops
Right here’s the information that shook me greater than an surprising patch of ice – sudden, brutal, and unavoidable:
🤕 LIBRA merchants took a beating
LIBRA token holders received wrecked – 86% misplaced over $1K, including as much as a brutal $251M in whole. Whereas a fortunate few pocketed $180M in whole, the remaining weren’t so lucky. Dave Portnoy took the largest hit, shedding $6.3M… however a minimum of he received $5M again. Have to be good.
🛩️ SBF is grounded, broke, and out of crypto
The US simply snatched $1 billion price of SBF’s wealth: Robinhood shares, crypto, and even his personal jets… His political donations? Poof, gone again to the federal government. And that crypto stash? He mentioned goodbye to Bitcoin, Ethereum, Dogecoin, and different digital belongings that had been chilling in his accounts.
🚀 ASPIRe to encourage? Hong Kong’s received huge crypto plans
Hong Kong’s SFC is launching ASPIRe, a contemporary plan to make crypto markets safer and extra accessible. The main focus? Defending traders, introducing new crypto merchandise, and laying out crystal-clear entry guidelines. Plus, they need trade and regulators to play good – as a result of teamwork makes the dream work.
🏛️ SEC rethinking its crypto battles?
Former SEC lawyer John Reed Stark thinks the company would possibly ease up on its crypto lawsuits, probably even reducing offers as a substitute of dragging issues out – yep, that features Ripple. Courts are placing circumstances like Coinbase and Binance on maintain, and the SEC is quietly transferring its high crypto legal professionals elsewhere. Possibly they discovered a brand new interest?
Extra on these + different tales right here.
Now you are within the know. However take into consideration your folks – they in all probability don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you might be!
