They Didn't Take The Orange Pill, They Threw It Out

The son of the current President two days ago on Twitter told people it’s time to add Ethereum to their balance sheets. It is mind blowing to see this, given what this cycle represents for Ethereum. For years people have been predicting the outcome we are seeing play out this cycle. Ethereum’s dominant use case has been as a platform for issuing other assets, and building applications focused on assets other than ether itself. This becoming the dominant use of the network has obvious implications for the necessity of the…

BlackRock to Launch Spot Bitcoin ETP in Europe

BlackRock Inc., the world’s largest asset manager with over $11.5 trillion in assets under management, is preparing to launch a spot Bitcoin exchange-traded product (ETP) in Europe, according to a report from Bloomberg.  The fund is expected to be based in Switzerland and BlackRock could begin marketing it as early as this month, sources familiar with the matter told Bloomberg. Though, at the time of writing, a BlackRock representative declined to comment on the matter. This listing would mark yet another step in BlackRock’s international expansion of its Bitcoin-related offerings,…

FDIC document dump reveals ‘Chokepoint 2.0’ pressure on crypto banking

Key Takeaways The FDIC pressured banks to limit involvement with crypto activities. The FDIC issued pause letters to halt crypto services at banks. Share this article The Federal Deposit Insurance Corporation (FDIC) released documents revealing extensive pressure on banks to limit their involvement with crypto-related activities, according to newly published records. 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨THE FDIC JUST DID A DOCUMENT DUMP ON #OperationChokePoint2.0. Hey peeps, please dig in & let’s see what we find:https://t.co/RzFvL5TYUM PS — Scott Bessent is now officially on the FDIC board. Did he make this document release happen??? pic.twitter.com/GQpKOZg7RJ…