GM! This week: The world’s largest asset manager is hoping to succeed where over 30 others have failed in launching a Bitcoin ETF, but crypto investors are skeptical. Also, Do Kwon is sentenced in Montenegro, Louis Vuitton and Nike announce new Web3 offerings, and the IMF discusses CBDCs.
Meanwhile, the new crypto exchange EDX Markets has launched, backed by Citadel Securities, Fidelity, and Schwab. The exchange only trades four tokens: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash—none of which have been declared securities by the SEC.
Back in the day, institutional adoption of crypto would’ve been a bullish price signal, but amidst the regulatory crackdown, many crypto investors are uncomfortable about legacy firms taking over, as crypto was designed in part to disrupt those very same institutions.
Here’s what’s happening in crypto today, June 20th. Listen to Coinage’s host Zack Guzman discuss these stories with Paul Stavropoulos, founder of Archie Finance.
Nike's New NFTs & TradFi Comes for Crypto - News Recap