Originally aired on July 6, 2023
BlackRock, the world’s largest asset manager, revealed its interest in Bitcoin and the potential for crypto on Twitter. Meanwhile, Bitcoin experienced a significant drop, leading to liquidations by traders. The SEC is expected to take action against Celsius for misleading investors, and FTX faces opposition to its bankruptcy plans. Additionally, the European Commission proposes relaxed regulations for the metaverse, while Japan considers stablecoin legislation. The Federal Reserve minutes reveal divisions over interest rate decisions.
Did BlackRock reveal a Bitcoin bottom signal, and what is the potential for crypto on Twitter?
- BlackRock expressed bullishness on Bitcoin and crypto assets, citing their potential to remove intermediaries and improve financial services.
- The revelation came as Bitcoin experienced a significant drop, causing widespread liquidations among traders.
- The interest from BlackRock raises questions about the future involvement of institutional investors in the crypto market and the potential for mainstream adoption.
What legal issues is Celsius facing and how do they relate to the custody of customer funds?
- Celsius faces potential action from the CFTC and the New York Attorney General for misleading investors and causing financial losses.
- The company is criticized for not liquidating its altcoin holdings despite an order to do so, raising concerns about the security of customer funds.
- The legal proceedings highlight the need for increased regulation and investor protection in the cryptocurrency industry.
What are the proposed regulations for the metaverse, and how could they impact its development?
- The European Commission leaked a document proposing relaxed regulations for the metaverse, aiming to promote innovation and collaboration in digital spaces.
- The document suggests the need for new forms of global governance to ensure openness and legality in the metaverse.
- The proposed regulatory sandboxes would allow for testing of short-term projects and identification of barriers to adoption.
What insights do the Federal Reserve minutes provide on interest rate decisions?
- The minutes reveal divisions among Fed officials, with some supporting rate increases and others favoring a pause in June.
- A large majority of policymakers agreed that further tightening of monetary policy would likely be necessary.
- The potential interest rate increase could impact borrowing costs, including mortgages, credit card rates, and student loans.
00:00 – Intro
01:30 – BTC liquidations
01:50 – The entire crypto market
01:55 – BTC daily, 12h, 6h & 4h
03:45 – Back to BTC liquidations
07:10 – Why Blackrock is bullish on crypto
14:45 – Threads live on Meta
17:15 – Twitter payments on the way
22:15 – Celsius CEO broke CFTC rules
23:10 – Celsius begins selling altcoin holdings
25:40 – 3AC, FTX oppose BlockFi bankruptcy plan
27:40 – Taylor Swift agreed to FTX deal despite opposite reports
30:00 – dYdX exchange to become fully decentralised
31:20 – EU metaverse regulation paper leaked
33:05 – Circle could issue stablecoin in Japan
34:10 – Federal Reserve minutes show more rate hikes coming